NMDC sets iron ore prices at ₹5,400/ton from Sept 9

0 min read | Published on 09 Sept 2026, 07:48 AM |Updated on 09 Sept 2026, 07:56 AM

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Riya DScanX News Team

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Key Highlights

NMDC fixes iron ore prices effective September 9, 2026
Lump ore priced at ₹5,400 per ton for 65.5% grade
Fines valued at ₹4,500 per ton for 64% grade
Prices are Free on Rail excluding taxes and duties

*this image is generated using AI for illustrative purposes only.

NMDC Limited has fixed the prices of its iron ore products effective September 9, 2026. The company announced rates for both lump ore and fines, marking a routine price revision for its mineral output.

The pricing decision was communicated to stock exchanges under Regulation 30 of the SEBI (LODR) Regulations, 2015. The new rates apply to shipments and sales commencing from the specified date.

Price Fixation Details

NMDC disclosed the following prices for its key iron ore categories:

Product Type	Specification	Price (₹ per ton)
Lump Ore	65.5%, 10-40mm	5,400
Fines	64%, -10mm	4,500

These are Free on Rail (FOR) prices. They exclude royalty, DMF, NMEDT, cess, forest permit fees, transit fees, GST, environmental cess, and other applicable taxes.

What the Numbers Show

The price differential between lump ore and fines remains significant, with lump ore commanding a premium of ₹900 per ton over fines. This reflects the higher grade (65.5% vs 64%) and specific size requirements (10-40mm) of the lump ore product compared to the finer particle size of the fines category.

Historical Stock Returns for NMDC

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.03%	-1.14%	-0.25%	+6.17%	+13.69%	+136.55%

How will the ₹900 per ton premium for lump ore influence steel manufacturers' procurement strategies and input cost structures in Q4 2026?

What is the expected impact of these fixed iron ore prices on NMDC Limited's revenue growth and profit margins for the upcoming fiscal year?

Will global demand trends and Chinese steel production data drive further price adjustments for Indian iron ore in early 2027?

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NMDC appoints M C Bhandari & Co as statutory auditor

0 min read | Published on 08 Sept 2026, 11:57 PM |Updated on 08 Sept 2026, 11:57 PM

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Jubin VScanX News Team

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Key Highlights

NMDC appoints M/s. M C Bhandari & Co. as statutory auditor
Appointment covers consolidated accounts, standalone accounts, and head office
Three firms appointed for branch audits in Panna, Vizag, and Ballari
CAG issued the order under Regulation 30 of SEBI LODR Regulations

*this image is generated using AI for illustrative purposes only.

NMDC Limited has appointed M/s. M C Bhandari & Co. as its statutory auditor, effective September 8, 2026. The Comptroller & Auditor General of India (CAG) issued the appointment order under Regulation 30 of the SEBI (LODR) Regulations, 2015.

The Hyderabad-based firm will audit the company’s consolidated accounts, standalone accounts, head office, R&D Lab in Hyderabad, and the Sponge Iron unit in Paloncha.

Branch Audit Appointments

NMDC also appointed three firms to handle branch audits across key operational units:

M/s. Vinay Kumar & Co., Allahabad: Diamond Mining Project in Panna.
M/s. AVRSK and Associates, LLP, Visakhapatnam: Kirandul, Bacheli, Slurry Pipe Line Unit, and Regional Office in Vizag.
M/s. BPSSY & Co., Ballari: Donimalai Complex, including the Kumaraswamy iron ore mine and Pellet Plant.

Aniket Kulshreshtha, Company Secretary & Compliance Officer, confirmed the appointments in a communication to stock exchanges on September 8, 2026.

Historical Stock Returns for NMDC