NMDC Limited has fixed its iron ore prices effective August 08, 2026, setting the rate for Lump Ore at ₹5,250 per ton and Fines at ₹4,500 per ton. This pricing update, disclosed to stock exchanges, determines the base cost for buyers of the state-owned miner's primary commodity. The rates are critical for downstream steel manufacturers who rely on these inputs for production costs. The announcement provides clarity on input costs for the upcoming period, allowing industry participants to adjust their procurement strategies accordingly.

The pricing decision was communicated by Aniket Kulshreshtha, Company Secretary & Compliance Officer of NMDC Limited, in a letter dated August 08, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was submitted to BSE Limited, National Stock Exchange of India Limited, and Calcutta Stock Exchange Limited.

Iron Ore Price Details

The company specified two distinct categories for iron ore, each with specific grade and size requirements. The prices are quoted as Free On Rail (FOR) rates.

Exclusions from Pricing

NMDC Limited clarified that the stated prices are exclusive of several statutory levies and fees. Buyers must account for these additional costs separately. The exclusions include:

• Royalty
• DMF (District Mineral Foundation)
• NMEDT (National Mineral Exploration Trust)
• Cess
• Forest Permit Fee
• Transit fee
• GST (Goods and Services Tax)
• Environmental Cess
• Other applicable taxes

This structure ensures that the base price reflects the commodity value before government-imposed charges are added, which can vary based on specific mining leases and regulatory updates.

NMDC Limited reported a substantial rise in iron ore production for July 2026, with total output reaching 4.06 million metric tons (MT). This represents a 31% increase from the 3.09 million MT produced in July 2025. The growth underscores improved operational efficiency and higher extraction rates across its key mining regions during the first month of the fiscal year 2026-27 (FY27).

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The provisional data covers production and sales figures for the month of July 2026, providing early insight into the company’s performance trajectory for the new financial year.

Regional Performance Drivers

The surge in production was largely driven by the Chhattisgarh sector, which contributed 2.55 million MT in July 2026, up from 1.89 million MT in July 2025. This region remains the primary engine of NMDC’s output, accounting for over 60% of total monthly production. In contrast, the Karnataka sector saw a more modest increase, with production rising to 1.51 million MT from 1.20 million MT in the corresponding period last year.

Sales Dynamics

While production surged, sales volume experienced a slight contraction. Total sales in July 2026 stood at 3.40 million MT, down marginally from 3.46 million MT in July 2025. The Chhattisgarh sector recorded sales of 2.50 million MT, an increase from 2.15 million MT previously. However, this was offset by a decline in Karnataka sales, which fell to 0.90 million MT from 1.31 million MT.

Cumulative sales for the period up to July 2026 reached 15.15 million MT, surpassing the 14.98 million MT recorded in the same period of the previous fiscal year. This indicates that while monthly sales dipped slightly, the overall year-to-date delivery pace has remained robust.

What the Numbers Show

The divergence between the sharp rise in production and the slight dip in monthly sales suggests a potential build-up in inventory or a strategic shift in dispatch timing at the start of the new fiscal year. With cumulative production outpacing cumulative sales by a wider margin than in the previous year (19.16 million MT vs 15.15 million MT), NMDC appears to be positioning itself with higher stock levels to meet future demand or logistical requirements. The Chhattisgarh sector’s consistent outperformance highlights its critical role in sustaining the company’s overall volume growth.