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NMDC may spend AUD 12.1 mn for rights issue of Legacy Iron

Last Updated: Monday, July 07, 2014, 14:55

State-owned mining company NMDC Limited may spend nearly AUD 12.1 million to subscribe a rights issue planned by its Australian arm Legacy Iron Ore Limited.

JP Morgan cuts ratings on Coal India, NMDC

Last Updated: Thursday, June 05, 2014, 10:44

On NMDC, JP Morgan says it expected just "broadly stable" domestic iron ore prices, while noting "weak" global iron ore prices as another factor.

NMDC hikes iron ore prices by up to Rs 300 a tonne

Last Updated: Wednesday, June 04, 2014, 22:55

State-run miner NMDC has raised iron ore prices by Rs 250-300 a tonne for June allegedly aimed at cashing in on subdued domestic supply scenario, a move that might stoke steel prices.

NMDC Q4 profit jumps 33.9% to Rs 1,962 cr on record sales

Last Updated: Friday, May 30, 2014, 21:45

The company's net profit in the corresponding quarter of FY13 was Rs 1,464.95 crore.

NMDC clocks record sales, production in FY'14

Last Updated: Wednesday, April 02, 2014, 16:33

Production and sales of NMDC never touched the 30 MT-mark since it was incorporated in 1958.

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

Last Updated: Tuesday, March 11, 2014, 15:14

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 keeps Feb iron ore prices unchanged

Last Updated: Tuesday, March 04, 2014, 17:21

"Iron ore prices for both lump and fines have been kept unchanged for March," a senior NMDC official said.

Govt receives 32 applications from companies for 4 coal mines

Last Updated: Friday, February 21, 2014, 15:12

The Coal Ministry has received 32 applications from companies like NMDC and RINL in response to the notice inviting applications for allocation of four coal blocks on tariff-based bidding.

NMDC offers RINL's ex-CMD Choudhary full-time advisor's post

Last Updated: Wednesday, February 12, 2014, 16:46

The recently-retired Chairman of Rashtriya Ispat Nigam (RINL) A P Choudhary has been offered a full-time advisor's position by state-run iron ore miner NMDC with an annual package of Rs 50 lakh and perquisites.

NMDC may clock record sales, production in this fiscal

Last Updated: Tuesday, February 11, 2014, 15:21

Encouraged by pick up in demand, state-owned iron ore miner NMDC Ltd is looking forward to clocking highest-ever production and sales to over 30 million tonne (MT) in the current financial year, ending March 31.

NMDC Dec quarter net profit up 21% at Rs 1,567 cr

Last Updated: Tuesday, February 11, 2014, 00:04

Turnover of the company rose 38 percent to Rs 2,823 crore on higher sales of iron ore, which stood at 7.34 million tonnes (MT) during the quarter.

CoalMin slaps notices on AMR Iron, JDL Yavatmal among others

Last Updated: Thursday, January 02, 2014, 19:09

The Ministry also cautioned that if the companies failed to do so, "it would be presumed that your company(ies) has (have) no explanation to offer and action as appropriate would be taken against your company(ies) for deallocation," it said.