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State-owned iron ore miner NMDC Ltd. has revised the prices of its iron ore products with effect from July 10, 2026, the company said in a regulatory filing on Friday.
Under the revised pricing, Baila Lump (65.5%, 10–40 mm) has been fixed at ₹5,450 per tonne, while Baila Fines (64%, -10 mm) will be priced at ₹4,700 per tonne.
The company clarified that the prices are on a free-on-rail (FOR) basis and do not include royalty, District Mineral Foundation (DMF) levy, National Mineral Exploration Trust (NMET) contribution, cess, forest permit fee, transit fee, GST, environmental cess and other applicable taxes.
NMDC periodically reviews and revises iron ore prices in line with market conditions. The revised prices will be effective from July 10, 2026.
Earlier on June 3, the company had revised the prices. The company had fixed the price of Baila Lump (65.5%, 10–40 mm) at ₹5,700 per tonne and Baila Fines (64%, -10 mm) at ₹4,850 per tonne.
State-owned firm on July 1 had reported a 44.3% year-on-year increase in iron ore production to 5.15 million tonnes (MT) in June, while sales rose 11.2% to 3.98 MT.
On a sequential basis, however, production declined 3% from 5.31 MT in May, while sales slipped 1.5% from 4.04 MT.
Chhattisgarh remained NMDC's largest production hub during the month, with iron ore output rising to 3.58 MT from 2.28 MT a year earlier. Sales from the state also increased to 2.79 MT, compared with 2.34 MT in June last year.
In Karnataka, production rose to 1.57 MT from 1.29 MT a year ago. However, sales from the state edged lower to 1.19 MT, compared with 1.24 MT in the corresponding month last year.
NMDC shares ended 0.52% higher at ₹84.86 on the NSE on Friday, ahead of the company's announcement revising iron ore prices with effect from July 10, 2026. The stock gained ₹0.44 during the session.
Also Read: NMDC hikes lump ore, fines prices, confirms CNBC-TV18 newsbreak
Under the revised pricing, Baila Lump (65.5%, 10–40 mm) has been fixed at ₹5,450 per tonne, while Baila Fines (64%, -10 mm) will be priced at ₹4,700 per tonne.
The company clarified that the prices are on a free-on-rail (FOR) basis and do not include royalty, District Mineral Foundation (DMF) levy, National Mineral Exploration Trust (NMET) contribution, cess, forest permit fee, transit fee, GST, environmental cess and other applicable taxes.
NMDC periodically reviews and revises iron ore prices in line with market conditions. The revised prices will be effective from July 10, 2026.
Earlier on June 3, the company had revised the prices. The company had fixed the price of Baila Lump (65.5%, 10–40 mm) at ₹5,700 per tonne and Baila Fines (64%, -10 mm) at ₹4,850 per tonne.
State-owned firm on July 1 had reported a 44.3% year-on-year increase in iron ore production to 5.15 million tonnes (MT) in June, while sales rose 11.2% to 3.98 MT.
On a sequential basis, however, production declined 3% from 5.31 MT in May, while sales slipped 1.5% from 4.04 MT.
Chhattisgarh remained NMDC's largest production hub during the month, with iron ore output rising to 3.58 MT from 2.28 MT a year earlier. Sales from the state also increased to 2.79 MT, compared with 2.34 MT in June last year.
In Karnataka, production rose to 1.57 MT from 1.29 MT a year ago. However, sales from the state edged lower to 1.19 MT, compared with 1.24 MT in the corresponding month last year.
NMDC shares ended 0.52% higher at ₹84.86 on the NSE on Friday, ahead of the company's announcement revising iron ore prices with effect from July 10, 2026. The stock gained ₹0.44 during the session.
Also Read: NMDC hikes lump ore, fines prices, confirms CNBC-TV18 newsbreak
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