Shareholding for the Period Ended June 30, 2017
NMDC Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2017. For more details, kindly Click here12-07-2017
12-07-2017
Statement Of Investor Complaints For The Quarter Ended 30Th June 2017
Statement of Investor Complaints for the quarter ended 30th June 201710-07-2017
NMDC lowers iron ore prices by 8-9% amid supply glut, demand slump
NMDC, the central government-owned mining entity Ltd, cut its iron ore prices by eight to nine per cent with immediate effect, due to excess supply and a slump in demand from Indian steel producers.The price of ore lumps is now down 8.2 per cent to Rs 2,225 a tonne and of ore fines by 9.15 per cent to Rs 1,985 a tonne. With the monsoon having spread, steel demand is going to remain subdued for the next three months because of lack of work on construction and infrastructure projects. Another reason for the price cut is oversupply of ore, following weak export viability and independent steel mills participating directly in iron ore mine auctions."NMDC's largest consumers are JSW Steel and Essar Steel in both Karnataka and Chhattisgarh. The iron ore price cut would benefit these mills proportionately. Since Tata Steel and Steel Authority of India have their own captive mines, with adequate capacity to support their production, they are unlikely to get any benefit," said Goutam...06-07-2017
NMDC ore output at 5.63 mt
The country's largest iron ore miner NMDC today said it produced 5.63 million tonnes of iron ore in April and May this year. The company produced 3.66 mt of iron ore from its mines in Chhattisgarh...15-06-2017
Updates
Details of Production & Sales of Iron Ore (Provisional) up to the month of May 201715-06-2017
High' NMDC iron ore prices to squeeze steel firms' profits
Prices in the global markets have fallen 34% in the last four months09-06-2017
Financial Results For The Financial Year Ended 31St March 2017
Please find attached the following with reference to the Audited Financial Results of the Company submitted to the Exchanges on 25th May 2017 for the financial year ended 31st March 2017: 1.Declaration in case of audit reports with unmodified opinion for both standalone and consolidated Audited financial results for the financial year ended 31st March 2017...02-06-2017
Falling iron prices key worry for NMDC
As revenues and profitability remain robust, lower international iron ore prices is an overhang29-05-2017