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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..