NMDC slashes iron ore rates by over 50%; more revision likely

State-run miner National Mineral Development Corporation (NMDC) has slashed iron ore prices by over 50 percent due to the week iron ore demand. Analysts see the prices softening further in the near-term

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.

Stable stocks to give divestment programme a big lift
Stable stocks to give divestment programme a big lift

The Cabinet approved sale of 5 percent stakes in ONGC, BHEL and NTPC as well as 10 percent each in IOC, NALCO and NMDC.

'Red water' forces people in Chhattisgarh's Naxal hotbed to migrate

Nandaram Kunjam never imagined that one day he would be forced to leave his ancestral village in the Maoist hotbed here, not because of the Naxal terror, but due to the river water turning red due to effluents discharged into it after iron ore mining.

Tomar asks NMDC to raise output to meet 75 MT target by 2020

Tomar who had visited NMDC headquarters in Hyderabad to review its performance asked the PSU to focus on increasing iron ore production.

Companies observe International Yoga Day

Top officials and employees of state-owned companies such as SBI and NMDC Sunday participated in the first International Yoga Day.

NMDC Q4 profit declines 31% to Rs 1,347 cr on lower sales

NMDC stock fell by 0.45 percent to close at Rs 131.55 per share on the BSE.

Govt ropes in PSUs for air monitoring stations in 12 cities

The Union Environment Ministry has roped in PSUs like NTPC, Coal India and NMDC to fund the setting up of over 60 Ambient Air Quality Monitoring Stations across 12 cities by this year-end.

NMDC in pact to set up ultra mega steel plant in Chhattisgarh

"NMDC, under the Ministry of Steel signed MoU for setting up ultra mega steel plant in Bastar region.

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 shares dip over 5% on cut in iron ore prices

Shares of state-run mining company NMDC plunged over 5 percent Monday, leading to an erosion of Rs 2,755 crore from its market valuation, after the company slashed iron ore prices by up to 20 percent.

NMDC slashes iron ore prices by up to 20%

Coming under pressure from the domestic steel sector, NMDC Saturday slashed iron ore price by up to 20 percent for the remaining days of the current month.

NMDC commences production at Rs 600 cr Bailadila plant

Country's top iron ore producer NMDC on Monday said it has commenced trial production at its over Rs 600 crore Bailadila plant in Chhattisgarh.

Govt to allow PSUs with mining experience for exploration work

The government is likely to allow state-run entities with experience in mining activity, such as NMDC, SAIL and MOIL, to carry out prospecting work on par with the likes of the Geological Survey of India.

RINL proposes synergy with NMDC for marketing steel products
RINL proposes synergy with NMDC for marketing steel products

Steelmaker Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam said it in talks with PSU major NMDC for marketing steel products through its strong marketing network.

NMDC's Australian arm appoints Rakesh Gupta as CEO

"Gupta will be paid remuneration of USD 250,000 per annum inclusive of Superannuation, with an initial three month probation period ... ," the filing said.

Govt asks NMDC to advance 100 mtpa production target

Steel Ministry Tuesday directed PSU iron ore miner NMDC to advance its 100 mtpa production target by four years to 2020-21 to ensure the raw material for the domestic steel industry at reasonable prices.

NMDC, others to buy 30% stake in Russian potash mine

An NMDC-led consortium of four state-run companies and one cooperative Thursday signed an agreement to buy 30 percent stake in Russian fertiliser producer ACRON's USD 2-billion potash mine project.

US steel industry criticises WTO ruling favouring India

The American steel industry today criticised a WTO ruling against the US imposing high duty on imports of certain Indian steel products, an order India hailed as a "significant victory" that will help its domestic manufacturers and exporters.

WTO reverses much of ruling in Indian challenge to US steel duties

This is one of the most complicated appeals decisions ever handled by the 19-year-old trade watchdog.