NMDC slashes iron ore prices by Rs 200 per tonne

13 Jul 2021 CW Team

National Mineral Development Corporation (NMDC) has cut the costs of iron ore by Rs 200 per tonne with the fall in steel prices.

Iron ore is the primary raw material for making steel. Any adjustment in its prices has a direct impact on the rates of steel.

NMDC said in a BSE filing that after the revision of price, one tonne of high-grade iron or lump ore would cost Rs 7,450 a tonne, while the buyers would get inferior grade ore or iron ore fines for Rs 6,360 per tonne.

The company said that the revised prices exclude District Mineral Fund (DMF), cess, royalty, forest permit fee, National Mineral Exploration Trust (DMET) and other taxes.

Additionally, it said that the fresh rates come into effect from 10 July. NMDC fixed the rates for fines at Rs 6,560 a tonne and for lump ore at Rs 7,650 a tonne on 6 June.

Under the Ministry of Steel, NMDC currently produces around 35 mt iron ore annually from its three fully mechanised mines located in Karnataka and Chhattisgarh. Apart from that, the company is also involved in exploring other minerals like limestone, rock phosphate, dolomite, gypsum and copper.

Image Source

Also read: NMDC gets LoI for Bailadila iron ore mine in Chhattisgarh

Also read: Steel production in India hit due to iron ore export to China

Infrastructure Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..