Nmdc Share

Metal index corrects for 4th day in a row; NMDC, Tata Steel slips up to 8%

The Nifty Metal index, the top loser among sectoral indices, was down 2 per cent, as compared to the 0.35 per cent rise in the Nifty 50, at 9:53 AM.

NMDC stock climbs as co targets 100 MT production capacity by 2030

The company's transition from 45 MT to 100 MT by 2030 is ambitious yet rooted in sustainability and innovation, said Amitava Mukherjee, the company's CMD

NMDC looking to explore mining opportunities for critical minerals abroad

The country's largest iron ore miner NMDC on Thursday said it is pursuing mining opportunities for critical minerals abroad which includes lithium block in Australia. Critical minerals such as copper, lithium, nickel and cobalt are important components in rapidly growing clean energy technologies - from wind turbines and electricity networks to electric vehicles. "NMDC is... pursuing overseas mining opportunities for critical minerals like lithium, cobalt, and nickel through its subsidiary, Legacy India Iron Ore Ltd, which includes lithium mining operations in Australia," the company said in a statement. NMDC is also preparing to begin the production of its eight million tonnes of coking coal block by December next year. This move aims to reduce the country's reliance on the import of coking coal. NMDC is set to nearly double its production capacity to 100 million tonnes (MT) by 2030. This ambitious expansion will significantly enhance the company's infrastructure, operations, an

Volume rebound, moderate valuation positive for mining major NMDC

NMDC spent Rs 400 crore on capex in Q1 against the annual target of Rs 2,200 crore for FY25

Metal shares fall on adverse SC ruling; Tata Steel, Vedanta drop up to 6%

The Supreme Court ruled in favor of the State governments' authority to levy taxes on mineral rights.

NMDC Q1 results: Net profit up 20% at Rs 1,984 cr on higher prices

Profit for the country's largest state-owned iron ore miner swelled 20% from a year earlier to Rs 1,984 crore (about $236 million) for the three months ended June 30

NMDC's iron ore output falls 37% to 2.34 mn tonnes in May, sales down 22%

Country's largest iron ore miner NMDC has reported a 37 per cent fall in its production at 2.34 million tonnes (MnT) in May 2024. It had produced 3.71 MnT of iron ore in the same month last year, the company said in an exchange filing on Saturday. NMDC's monthly sales also declined by 22 per cent to 2.82 MnT in May this year from 3.62 MnT in May 2023. The company's cumulative iron ore output fell to 5.82 MnT in April-May 2024 from 7.22 MnT in the year-ago period. Sales during the said period were at 6.35 MnT, down from 7.05 MnT in April-May 2023. On Tuesday, NMDC had increased the prices of lump ore by Rs 250 a tonne and fines by Rs 350 per tonne with immediate effect. The miner revised the cost of lump ore to Rs 6,450/tonne and fines to Rs 5,610 per tonne. Under the Ministry of Steel, Hyderabad-based NMDC caters to India's around 20 per cent demand for the key steel-making raw material.

NMDC Steel Limited depicts Chhattisgarh's Dhokra art in new logo

Dhokra is a craft form of the Harappa and Mohenjo Daro civilisation

NMDC falls 2% on weak Q4 performance; Rs 7.25 dividend announced in FY24

The state-owned company's profit plunged 37.8 per cent to Rs 1,412.7 crore in the March quarter of financial year 2024 (Q4FY24), from Rs 2,271.5 crore in Q4FY23

NMDC, Dish TV, Adani Energy, SpiceJet among five stocks to watch on May 28

Stocks to watch on May 28: NMDC reported a significant downturn in net profit, which decreased by 37.8 per cent to Rs 1,412.7 crore compared to Rs 2,271.5 crore in the previous year

NMDC exploring lithium assets, conducting negotiations in Africa, Australia

Additionally, NMDC is seeking lithium blocks from the Indian government on a nomination basis

Stocks to Watch: Tata Steel, Vedanta, NMDC, IIFL Sec, Zomato, Banks, Auto

Stocks to Watch: The Securities Appellate Tribunal (SAT) has set aside the order by Sebi restricting IIFL Securities from taking new clients for two years

NMDC Q2 net profit rises 15% to Rs 1,028 cr on strong iron ore sales

The company witnessed a nearly 21% growth in revenue generated from its iron ore segment from the previous year

F&O Strategy: Bull Spread on NMDC for Nov expiry

Nandish Shah of HDFC Securities recommends to Buy NMDC 160 CALL and simultaneously sell 170 CALL of the November series.

Lower prices of iron-ore factored into valuations of NMDC's stock

Royalty as percentage of sales stood at 43 per cent in Q1FY24 versus 44.8 per cent in Q4FY23

NMDC Steel Limited shares debut on stock exchanges at Rs 30.25 apiece

Shares of NMDC Steel Limited on Monday got listed on the stock exchanges -- BSE and NSE. The equity shares of the company was also listed on the Calcutta Stock Exchange, NMDC Steel said in a regulatory filing. "The equity shares of NMDC Steel commenced listing and trading today at BSE and NSE," it said. The stock got listed at Rs 30.25 apiece on the BSE. It settled 4.96 per cent higher at Rs 31.75 per share. On the NSE, the company shares debut at Rs 30.25 and closed 4.95 per cent higher. The company's market valuation stood at Rs 9,304.67 crore on the BSE. NMDC Steel is a newly formed entity post its demerger from mining giant NMDC Limited.

NMDC trades ex-date for demerger; stock surges 14% on heavy volumes

NMDC shareholders will be eligible to get one share of NMDC Steel for every equity share held.

NMDC to be excluded from Nifty CPSE index over move to hive off steel arm

NMDC shares drop 5.3%; ONGC, Coal India and Bharat Electronics likely to see inflows of $31-46 million on account of the rebalancing

Nifty Metal index can hit historic high; Hindalco, NMDC may rally up to 17%

The Nifty Metal index can clock a new high, if it manages to cross and sustain above the 6,000-mark.

Weak outlook emerges for NMDC as strong steel cycle appears to have peaked

Most analysts have a hold rating on the stock of India's largest iron ore mining company