Subdued demand hits NMDC Q1 Net, falls 47% to Rs 1,010 crore

NMDC had reported a net profit of Rs 1,915.01 crore in the corresponding quarter of 2014-15.

LIC acquires NMDC shares worth over Rs 1,116 cr

State-owned iron ore miner NMDC on Wednesday said Life Insurance Corporation of India (LIC) has acquired almost 8 crore of its shares shares worth over Rs 1,116 crore in a market purchase.

NMDC's April-February sales up 17% to 27.43 million tonnes

State-owned iron ore miner NMDC's sales rose 17 per cent to 27.43 million tonnes in the first 11 months of the current financial year on higher demand from steel makers.

NMDC suffers Rs 746-cr revenue loss during 2007-10: CAG

The government auditor also said by extending unwarranted reduction in price, NMDC had passed Rs 600.83 crore benefit to customers during 2010-11.

NMDC disinvestment likely by mid-Dec, to garner Rs 7,500 crore

The government on Thursday said it is planning 10 percent stake sale in NMDC by mid-December, which could fetch the exchequer about Rs 7,500 crore.