Board Meeting-Closure of Trading Window
Notice is hereby given that a meeting of Board of Directors of the Company will be held on Saturday, the 17th March 2018, inter alia, to consider declaration of first interim dividend for the financial year 2017-18, if any. In pursuance of the Internal Code of Conduct for Prevention of Insider Trading in dealing with Securities of NMDC Ltd., the trading window shall remain closed from 15th March 2018 to 19th March 2018 (both days inclusive),... NMDC: Strong rebound seen in profitability in March quarter and FY19
NMDC's decision to cut iron ore prices by 3-4 per cent or Rs 100 a tonne from March 1 may have weighed on street sentiment, but analysts say the company's prospects remain healthy. They say, some price cuts were expected given that NMDC had consistently raised prices of iron ore lumps and fines, taking the total increase to 34 per cent and 38 per cent, respectively since November 2017. The move has also surprised some on the street given that iron ore prices ex-china had touched 10 month highs of $79.95 a tonne at the end of February. NMDC's price hikes during November-February had been supported by rising international iron ore prices from sub-$60 a tonne, as well as mining disruptions in Odisha. With the restart of some mines in Odisha after mid-February, some price adjustment was anticipated.The bigger gain, as the street sees it as, will come in the form of higher volumes. NMDC's production at 24.3 million tonne (MT) during first nine months of FY18 was up marginal by three per... Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on 'NMDC's Steel Plant takes first step towards Commissioning, Secures Power Linkage' NMDC Nagarnar steel plant moves a step closer to commissioning
NMDC's upcoming steel plant at Nagarnar, Chhattisgarh, took the first decisive step towards commissioning by starting the 220KV GIS (Gas Insulated Switch) main receiving sub-station on Thur NMDC: Strong third quarter show despite annual volume decline of 20%
NMDC, the country's largest iron ore mining company, posted a strong set of numbers for the quarter ending December 2017 (Q3) led by realisations even as volumes were soft. Sales volume at 8.58 million tonne (MT) was down three per cent sequentially and 20 per cent year-on-year, but the same was expected as plummeting iron ore prices in October-November had led to a rise in imports into the country thereby affecting NMDC.The ex-China price of 62-Fe grade iron ore has been volatile and from over $75 a tonne in September had fallen to $60 levels in October due to high inventories in the world's largest metal producer (China). But, prices recovered soon crossing $75 levels by end-December ($74-75 currently). Indian prices and NMDC's realisations, however have been supported by strong domestic demand and mining disruptions in Odisha. Hence, average per tonne iron ore prices in India came in at Rs 2,445 for NMDC, much higher than Rs 2,276 in the September quarter and Rs 1,990 in the year .. Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on 'NMDC's Spectacular Financial Performance for the period ending 31-12-2017' Announcement under Regulation 30 (LODR)-Investor Presentation
Corporate Investors Presentation on Company's Performance in the FY 2017-18 (9M) Unaudited Financial Results And Limited Review Report For The Third Quarter And Nine Months Ended 31St December 2017
The Board of Directors of the Company at their meeting held on Tuesday the 13th February 2018, inter-alia, considered, approved and taken on record the Unaudited Financial Results for the third quarter and nine months ended 31st December 2017, upon review of the Audit Committee. A copy of the following are enclosed pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:... Announcement under Regulation 30 (LODR)-Updates
Details of Production & Sales of Iron Ore (Provisional) upto the month of January 2018