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What is the story about?
Shares of state-run NMDC Ltd. fell on Friday, January 9, after it announced a revision in prices of iron ore by up to ₹1,000 per tonne, effective today itself.
In an exchange filing, NMDC stated that the price of Baila Lump (65.5%, 10-40 mm) has been revised to ₹4,600 per tonne from ₹5,600 per tonne last month.
The price for Baila Fines (64%, -10 mm) has been revised to ₹3,900 per tonne, from ₹4,750 per tonne earlier, a change of ₹850 a tonne.
However, for the current price revision, NMDC has announced that the prices are exclusive of royalty, GST and other cess and taxes. Previously, the company used to announce prices inclusive of all of the other components.
Iron ore prices globally hit the highest level since February last year buoyed by the outlook for macro-economic support in China and some pre-holiday restocking ahead of the Chinese Lunar new year.
People's bank of China has mentioned that it will use multiple tools in a flexible and efficient manner to spur the economy.
Iron Ore futures continue to trade near the $109 per tonne mark in Singapore.
Iron ore ended 2025 with a modest gain, despite concerns about rising production from top miners.
Shares of NMDC are looking to recover from the lows of the day, currently trading 1.1% lower at ₹81.1. The stock was trading close to its 52-week high of ₹86.72.
In an exchange filing, NMDC stated that the price of Baila Lump (65.5%, 10-40 mm) has been revised to ₹4,600 per tonne from ₹5,600 per tonne last month.
The price for Baila Fines (64%, -10 mm) has been revised to ₹3,900 per tonne, from ₹4,750 per tonne earlier, a change of ₹850 a tonne.
However, for the current price revision, NMDC has announced that the prices are exclusive of royalty, GST and other cess and taxes. Previously, the company used to announce prices inclusive of all of the other components.
Iron ore prices globally hit the highest level since February last year buoyed by the outlook for macro-economic support in China and some pre-holiday restocking ahead of the Chinese Lunar new year.
People's bank of China has mentioned that it will use multiple tools in a flexible and efficient manner to spur the economy.
Iron Ore futures continue to trade near the $109 per tonne mark in Singapore.
Iron ore ended 2025 with a modest gain, despite concerns about rising production from top miners.
Shares of NMDC are looking to recover from the lows of the day, currently trading 1.1% lower at ₹81.1. The stock was trading close to its 52-week high of ₹86.72.
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