Baijendra Kumar assumes charge as NMDC chief
N Baijendra Kumar, an IAS officer of 1985 batch of Chhattisgarh cadre, has assumed charge as Chairman and Managing Director of NMDC Ltd here today. Prior to joining NMDC, he was holding the post... AGM on Sept 22, 2017
NMDC Ltd has informed BSE that the 59th Annual General Meeting (AGM) of the Company will be held on September 22, 2017. Fixes Book Closure for Final Dividend & AGM
NMDC Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 18, 2017 to September 22, 2017 (both days inclusive) for the purpose of Payment of Final Dividend & 59th Annual General Meeting (AGM) of the Company to be held on September 22, 2017.
If global iron ore prices are soaring, can NMDC be far behind?
NMDC had dropped its iron ore prices during the first quarter; market conditions are supporting the case for an increase, and steel prices have been rising as well Date Of Closure Of Transfer Books Of NMDC Limited
In terms of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from 18th September 2017 to 22nd September 2017 (both days inclusive) for the purpose of payment of final dividend of Re. 1/- per equity share of Re. 1/- each for the Financial Year 2016-17 and for the ensuing 59th Annual General... Updates
Details of Production and Sales of Iron Ore (Provisional) upto the Month of July 2017 Favourable winds for NMDC stock
After seeing a steep correction between February and June, the NMDC stock has rebounded 15 per cent to ~121 levels. More gains are likely.While the stock's correction was due to declining iron ore prices, recovery in prices and strong June quarter performance lifted sentiment. From highs of $90 a tonne in February, iron ore prices had fallen to $50 levels by June-end. The price is now close to $75 a tonne. Despite a correction in iron ore prices during the June quarter, profitability of NMDC improved. Earnings before interest, tax, depreciation and amortisation (Ebitda) per tonne, at ~1,628, surged 55 per cent year-on-year and 71 per cent sequentially. NMDC being able to hold on to the price hikes taken in the March quarter, despite declining iron ore prices, was one of the reasons for better profitability. The support came from strong demand as Karnataka auction prices increased 4-9 per cent, say analysts at Kotak Institutional Equities.The company also surprised with...