NMDC Steel Ltd News
NMDC Steel shares drop 5% as loss widens to Rs 595 cr in Q2, margins dip
The Earnings before interest, tax, depreciation, and amortisation (Ebitda) for the second quarter stood declined to Rs 441 crore from Rs 72 crore a year ago
 "NMDC Steel shares drop 5% as loss widens to Rs 595 cr in Q2, margins dip")
NMDC Steel Q2 results: Loss widens to Rs 595 cr, income at Rs 1,535.46 cr
NMDC Steel on Tuesday said its loss had widened to Rs 595.37 crore in September quarter, on account of a surge in expenses. It had posted a loss of Rs 131.10 crore in the year-ago period, the company said in an exchange filing. The company's total income increased to Rs 1,535.46 crore from Rs 290.27 crore a year earlier. However, NMDC Steel's expenses rose to Rs 2,364.39 crore in the second quarter of the ongoing fiscal year from Rs 464.93 crore a year ago. NMDC Steel Ltd, an entity demerged and formed from mining firm NMDC, owns and operates the 3 million-tonne Nagar Steel Plant at Nagarnar in Chhattisgarh. Nagarnar plant is referred to as India's youngest steel unit set up with an investment of about Rs 23,000 crore. NMDC Steel started commercial operations at the unit from August 31, 2023.
 "NMDC Steel Q2 results: Loss widens to Rs 595 cr, income at Rs 1,535.46 cr")
These 5 BSE A-group stocks look weak on charts; can slide up to 17%
NMDC Steel, Network18 and Trident among 5 BSE A-group stocks that can fall up to 17%, suggest technical charts.
 "These 5 BSE A-group stocks look weak on charts; can slide up to 17%")
NMDC Steel's hot rolled coil production hits 1 MT-mark within a year
State-owned NMDC Steel Limited (NSL) on Wednesday announced producing 1 million tonnes of hot rolled coil (HRC) at its plant in Nagarnar, Chhattisgarh in a year's time. NMDC Steel Ltd, an entity demerged and formed from mining firm NMDC, owns and operates the 3 million-tonne Nagar Steel Plant -- referred as India's youngest steel unit -- and has been set up with an investment of around Rs 23,000 crore. "NSL announces a landmark achievement of its production capabilities. Today, this ultra-modern plant has successfully produced 1 MT HRC four days ahead of the first anniversary of commencement of HR coil production," the company said in a statement. On July 21, 2024, the company had achieved the production of 1.5 MT of hot metal from its blast furnace and produced 1 MT of liquid steel from the steel making shop (SMS) on August 11. Both milestones were reached in less than a year from the commencement of production, the company said. The company's CMD Amitava Mukherjee said, "Achievi
 "NMDC Steel's hot rolled coil production hits 1 MT-mark within a year")
