NMDC needs to grow volumes; price hikes alone won't be enough
It would help sentiment if steel demand improves meaningfully backed by the opening up of the Chinese economy22-03-2023
22-03-2023
NMDC hikes iron ore lump rate by Rs 100/tonne; fines Rs 200 per tonne
State-owned NMDC on Tuesday said it has hiked price of iron ore lumps by Rs 100 to Rs 4,500 per tonne with immediate effect. The country's largest iron ore miner has also increased rate of iron ore fines by Rs 200 to Rs 4,110/tonne, NMDC said in a regulatory filing. The prices are effective from Tuesday and exclude royalty, district mineral fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee and other taxes, the company said. Lump ore or high-grade iron ore contains 65.53 per cent Fe (iron), while fines are inferior grade ore with 64 per cent and less Fe content. In the last price revision announced on February 2, NMDC fixed the rate of the lump at Rs 4,400 per tonne and that of fines at Rs 3,910 a tonne with immediate effect. Iron ore is one of the key raw materials used in manufacturing of steel, and any movement in its prices has a direct impact on rates of steel, an alloy widely used in segments such as construction, infrastructure, automobile and .21-03-2023
NMDC LTD. - 526371 - Prices Of Iron Ore W.E.F. 21.03.2023
Dear Sir/Madam, Sub: Prices of Iron Ore w.e.f. 21-03-2023 - Reg Ref: Regulation 30 of the Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) Regulations, 2015; BSE Equity Scrip ID: 526371, NSE Security ID: NMDC; Kindly note that the prices of Iron Ore w.e.f. 21-03-2023 has been fixed as under: i) Lump Ore (65.53, 6-40mm) @Rs. 4,500/- per ton ii) Fines (64% - 10mm) @ Rs. 4,110/- per ton Note: The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes. Please take note of the above information. Thanking you, Yours faithfully For NMDC Limited A S Pardha Saradhi Executive Director Company Secretary21-03-2023
LIC sells 2% stake in NMDC, garners over 700 crore
The sale of 2 per cent stake or a little over 5.88 crore shares in open market has fetched more than 700 crore to LIC15-03-2023
NMDC LTD. - 526371 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India15-03-2023
NMDC LTD. - 526371 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on 'Shri Amitava Mukherjee takes additional charge as Chairman-Cum-Managing Director of NMDC Limited'14-03-2023
Buy NMDC; target of Rs 145: Sharekhan
Sharekhan is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 145 in its research report dated February 15, 2023.13-03-2023
NMDC LTD. - 526371 - Announcement under Regulation 30 (LODR)-Change in Directorate
1. Additional Charge of the post of CMD, NMDC Limited to Shri Amitava Mukherjee, Director (Finance), NMDC Limited 2. Intimation of cessation of Shri Sumit Deb as Chairman and Managing Director (CMD), NMDC Limited13-03-2023
Steel Min pushes for commissioning of NMDC Integrated Steel Plant by March 31
The plant was scheduled for completion and commissioning in September 2022 but was delayed for a variety of reasons07-03-2023
NMDC LTD. - 526371 - Announcement under Regulation 30 (LODR)-Change in Directorate
Intimation of appointment of Shri Vishwanath Suresh as Director (Commercial) on the Board of the Company06-03-2023