NDMC increases iron ore prices by Rs 400 per tonne
COAL & MINING

NDMC increases iron ore prices by Rs 400 per tonne

National Mineral Development Corporation (NMDC) Limited has increased the prices of lump iron ore and iron fines by Rs 400 per tonne, with an immediate effect.

The company has fixed prices for lump iron ore of 6-40 mm at Rs 6,000 per tonne and iron fines of 10 mm at Rs 4,960 per tonne with effect from 8 March 2022.

Last month, NMDC Limited had fixed the prices for lump iron ore at Rs 5,600 per tonne and iron fines at Rs 4,560 per tonne.

NMDC is the single largest iron ore producer in India, with current production of about 35 million tonnes of iron ore from three fully mechanised mines. The two mines are located in Chhattisgarh and one in Karnataka.

NMDC Ltd had reported a 2.8% drop in standalone net profit to Rs 2,050 crore in the third quarter (Q3) of FY22 from Rs 2,108.90 crore in Q3 FY21. Moreover, its net sales grew by about 35% to Rs 5,873.77 crore in Q3 FY22 from Rs 4,355 crore in Q3 FY21.

The company's script rose to 0.23% and traded at Rs 153.30 on the Bombay Stock Exchange (BSE).

Image Source

Also read: NMDC reports 4.31 mt production of iron ore in Feb 2022

National Mineral Development Corporation (NMDC) Limited has increased the prices of lump iron ore and iron fines by Rs 400 per tonne, with an immediate effect. The company has fixed prices for lump iron ore of 6-40 mm at Rs 6,000 per tonne and iron fines of 10 mm at Rs 4,960 per tonne with effect from 8 March 2022. Last month, NMDC Limited had fixed the prices for lump iron ore at Rs 5,600 per tonne and iron fines at Rs 4,560 per tonne. NMDC is the single largest iron ore producer in India, with current production of about 35 million tonnes of iron ore from three fully mechanised mines. The two mines are located in Chhattisgarh and one in Karnataka. NMDC Ltd had reported a 2.8% drop in standalone net profit to Rs 2,050 crore in the third quarter (Q3) of FY22 from Rs 2,108.90 crore in Q3 FY21. Moreover, its net sales grew by about 35% to Rs 5,873.77 crore in Q3 FY22 from Rs 4,355 crore in Q3 FY21. The company's script rose to 0.23% and traded at Rs 153.30 on the Bombay Stock Exchange (BSE). Image Source Also read: NMDC reports 4.31 mt production of iron ore in Feb 2022

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?