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Latest news about NMDC

NMDC Ltd. Sees Significant Block Trade: 2.29 Million Shares Change Hands 8 days ago

NMDC Ltd., India's largest iron ore producer, experienced a significant block trade on the National Stock Exchange. Approximately 2,287,050 shares were traded at Rs. 70.34 per share, totaling Rs. 16.09 crores. The transaction represents about 0.08% of NMDC's total outstanding shares. While the identities of the buyers and sellers remain undisclosed, this trade has drawn attention to NMDC in the market.

NMDC Explores Strategic Partnership with UAE for Steel and Aluminum Production Jul 02, 2025

NMDC Reports Mixed Results in June Production and Sales Figures Jul 02, 2025

NMDC Reports Mixed Production and Sales Figures for June Jul 01, 2025

NMDC Sets Sights on Global Expansion with Mineral Acquisition Plans Jul 01, 2025

More news about NMDC

01Jul 25

NMDC Forecasts Low Iron Ore Prices Amid Weak Export Demand

NMDC, India's largest iron ore producer, reports that export demand for Indian iron ore has not fully recovered. The company expects iron ore prices in India to remain depressed in the coming weeks due to this persistent weakness in export demand. This outlook could have significant implications for the broader iron ore industry in India, potentially impacting the profitability of iron ore miners and their production decisions. The situation highlights the importance of export markets for Indian iron ore producers and suggests a challenging price environment in the short to medium term.

01Jul 25

NMDC Cuts Iron Ore Prices for July Amid Market Challenges

NMDC, India's largest iron ore producer, has reduced prices for lump ore and fines by ₹600 and ₹500 per tonne respectively, effective July 1. The price cuts are due to weak global iron ore prices, low demand from China, and the impact of monsoon season on domestic demand. NMDC is transitioning to a formula-based pricing mechanism and targets a production volume of 55 million tonnes for the fiscal year. This decision is expected to benefit steel manufacturers by lowering their input costs.

11Jun 25

Government Explores NMDC's Potential for Rare-Earth Magnet Production

The Indian government is exploring the possibility of utilizing NMDC Limited, a state-owned mining company, for the production of rare-earth magnets. This strategic move could expand NMDC's operations beyond its traditional iron ore mining, positioning it as a key player in strategic materials production. The initiative aligns with growing global demand for rare-earth elements and India's focus on self-reliance in critical materials. While financial implications are yet to be determined, this potential venture has generated interest among investors and industry observers due to the expected growth in the rare-earth magnet market.

04Jun 25

NMDC Announces Iron Ore Price Revision for June 2025

NMDC, India's largest iron ore producer, has announced a price revision for its iron ore products. Effective June 4, 2025, Baila Lump will be priced at ₹6,300 per ton and Baila Fines at ₹5,350 per ton. This adjustment is expected to impact the steel industry and potentially influence global iron ore pricing trends. The decision reflects NMDC's response to current market dynamics and demand-supply scenarios in the iron ore industry.

03Jun 25

NMDC Sets Ambitious Production Target of 55 MT by FY26, Eyes 82 MT Capacity

NMDC, India's largest iron ore producer, aims to increase production capacity to 55 million tons (MT) by fiscal year 2026. The company is seeking environmental clearance for an even higher capacity of 82 MT, with the application expected next year. This expansion is strategically important for India's steel and infrastructure sectors. NMDC faces challenges in navigating environmental concerns, ensuring sustainable practices, and managing logistics for increased production.

02Jun 25

NMDC Unveils New Pricing Strategy to Shield Profits from Market Volatility

NMDC, India's largest iron ore producer, is developing a new pricing formula for its output that is not linked to any international index or exchange. This strategy aims to protect the company's profitability from global market volatility. The new pricing mechanism is currently in the testing phase and could have significant implications for the domestic steel industry, which relies heavily on NMDC's iron ore supply.

02Jun 25

NMDC: Iron Ore Production and Sales Surge in May

NMDC, India's largest iron ore producer, has reported significant growth in both production and sales for May. Production increased by 89.30% year-over-year to 4.43 million tonnes, while sales rose by 53.90% to 4.34 million tonnes. This substantial growth indicates strong demand for iron ore and efficient operational execution by NMDC.

29May 25

NMDC Unveils Ambitious 100 Million Ton Growth Plan

NMDC, India's largest iron ore producer, announces plans to double its production capacity to 100 million tons. The company aims to exceed 50 million tons of iron ore production this year, with a near-term target of 55.40 million tons. NMDC plans to invest ₹4,000 crore in capital expenditures this year, with ₹40,000 crore worth of works already sanctioned by the board. Of this, ₹8,600 crore is under execution, and another ₹20,000 crore is being packaged and tendered.

28May 25

NMDC: Q4 Profit Decline Leads to Share Price Drop, Revenue Grows

NMDC, India's largest iron ore producer, released Q4 financial results showing a 6.6% increase in revenue to ₹7,004.59 crore, but a 21.8% decrease in net profit to ₹1,483.18 crore. Ebitda fell 13.5% to ₹2,051.11 crore, with margins narrowing to 29.3%. Despite profit decline, the company declared a final dividend of ₹1.00 per equity share.

27May 25

NMDC: Q4 Profit Rises 5% to ₹1,483 Crore, Revenue Up 8%

NMDC's Q4 consolidated revenue grew 8% to ₹7,004.60 crore, while net profit increased 4.8% to ₹1,483.40 crore. However, EBITDA declined 2.4% to ₹2,051.00 crore. Full-year net profit rose 17% to ₹6,538.82 crore. The company proposed a final dividend of ₹1.00 per equity share.

02May 25

NMDC Reports Robust Growth in Production and Sales for April 2025

NMDC, India's largest iron ore producer, announced significant growth in both production and sales for April 2025. Iron ore production reached 4.00 million tonnes, a 14.94% increase year-on-year. Sales rose to 3.63 million tonnes, up 2.83% from the previous year. Production growth outpaced sales growth, potentially indicating increased inventory or anticipated higher demand.

01May 25

NMDC Hikes Iron Ore Prices: Lump and Fines See ₹440 Increase

NMDC, India's largest iron ore producer, has increased prices for lump ore and fines by ₹440 per tonne. Lump ore now costs ₹6,440 per tonne, while fines are priced at ₹5,500 per tonne. The price revision, effective May 1, 2025, includes Royalty, DMF, and NMET charges but excludes other taxes. This significant increase could impact steel manufacturers' costs and potentially affect steel prices.

25Apr 25

NMDC Sets Sights on Global Mining Expansion in Africa and Asia

NMDC, India's largest iron ore producer, announces ambitious international expansion plans. The company is exploring mining opportunities in Africa for lithium, iron ore, copper, and cobalt. In Asia, NMDC is focusing on coking coal assets in Indonesia and Australia. This strategy aims to diversify NMDC's mineral portfolio, strengthen its position in the steel value chain, and capitalize on growing demand for battery metals.

24Apr 25

NMDC Sets Sights on Global Mining Expansion in Africa and Asia

NMDC, India's largest iron ore producer, plans to expand globally. The company is exploring mining opportunities in Africa for lithium, iron ore, copper, and cobalt. In Asia, NMDC is targeting coking coal assets in Indonesia and Australia. This strategy aims to diversify NMDC's portfolio, integrate supply chains, gain technological expertise, and establish a global presence.

07Apr 25

NMDC Strongly Refutes Allegations of Governance Issues with Australian Subsidiary

NMDC Limited has strongly denied allegations of governance issues with its Australian subsidiary, Legacy Iron Ore Limited. The company issued an official statement to stock exchanges on April 7, 2025, calling the anonymous complaint reported in a recent news article 'absolutely false and baseless'. NMDC clarified that all investments in the subsidiary were made in accordance with board-approved powers. The company explained that mining projects typically require time to become profitable, and that Legacy Iron Ore's operations have only recently begun. NMDC assured that its board has been regularly updated on all subsidiary investments. The company attributed recent share price fluctuations to macro-economic and global factors.

01Apr 25

NMDC Reports Marginal Growth in Q4 FY2023 Production and Sales

NMDC, India's largest iron ore producer, reported marginal increases in both production and sales for Q4 FY2023. Iron ore production rose by 0.23% to 13.27 million tonnes, while sales increased by 0.64% to 12.58 million tonnes compared to the same period last year. For March 2023, provisional figures show production of 3.55 million tonnes and sales of 4.21 million tonnes.

21Mar 25

NMDC Resumes Full Operations as Union Members End Work Slowdown

NMDC Limited, India's largest iron ore producer, has announced the resumption of normal operations across all its projects following the end of a work slowdown by trade unions. The Federation of Unions has instructed its members to fully resume their duties, ending a period of willful slowdown and work-to-rule actions that had been ongoing since at least March 10, 2025. Employees have heeded the union's call, allowing normal operations to resume. This resolution is expected to positively impact the company's production and efficiency.

21Mar 25

NMDC Shares Rise as Record Date for Rs 2.30 Interim Dividend Approaches

NMDC's stock price increased by 1.60% to Rs 67.61 on the BSE as investors positioned themselves for the upcoming interim dividend. The company announced a Rs 2.30 per share interim dividend for FY 2024-25, with a record date of March 21, 2025. This move demonstrates NMDC's commitment to shareholder value and suggests confidence in its financial outlook.

07Mar 25

NMDC Board to Weigh Interim Dividend for FY 2024-25 Amid Recent Leadership Change

NMDC Limited, India's largest iron ore producer, will hold a board meeting on March 17, 2025, to consider an interim dividend for FY 2024-25. The company has closed its trading window for insiders from March 7 to March 19, 2025. This comes after the recent appointment of Shri Amitava Mukherjee as the new Chairman & Managing Director (CMD) on March 6, 2025. Under Mukherjee's leadership, NMDC has achieved record output, turnover, and net worth, resumed diamond mining operations, and commissioned a new steel plant.

06Mar 25

NMDC Welcomes New Leadership: Amitava Mukherjee Takes Helm as Chairman and Managing Director

NMDC, India's largest iron ore producer, has appointed Amitava Mukherjee as its new Chairman and Managing Director effective March 6, 2025. Mukherjee, who joined NMDC as Director (Finance) in 2018, will serve until February 29, 2028, or until further orders. Under his leadership, NMDC achieved record output and turnover, and plans to expand internationally and increase mining capacity to 100 million tonnes by 2030.

02Mar 25

NMDC Reports Robust Production Growth in February, Sales Remain Stable

NMDC's iron ore production increased by 17.9% to 4.62 MT in February 2025, up from 3.92 MT in February 2024. Sales remained stable at 3.98 MT compared to 3.99 MT last year. Karnataka operations saw significant growth, more than doubling production to 1.25 MT. Chhattisgarh production slightly decreased. Cumulative production for the year reached 40.49 MT, while sales stood at 40.20 MT.

27Feb 25

NMDC Ventures into Critical Minerals Exploration in Australia

NMDC, a leading Indian state-owned mining company, is set to explore critical minerals in Australia. This move is part of a collaborative effort with Coal India and ONGC Videsh, aimed at securing vital resources for India's growing economy. The initiative focuses on critical minerals essential for high-tech industries, including rare earth elements, lithium, and cobalt. This expansion diversifies NMDC's portfolio, extends its global reach, and supports India's strategy to enhance resource security and reduce import dependence for crucial materials.