NDMC increases iron ore prices by Rs 400 per tonne

10 Mar 2022 CW Team

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

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Sources Unlimited Introduces Vitamine Pendant Lamp by Melogranoblu

Sources Unlimited has launched the Vitamine Pendant Lamp by Melogranoblu in India, expanding its portfolio of curated international luxury lighting solutions. Designed and crafted in Italy, the Vitamine pendant reflects contemporary glass artistry, combining hand-blown craftsmanship with refined aesthetics and atmospheric illumination.The Vitamine Pendant Lamp is sculpted in hand-blown glass and is available in frosted, silver and black metallised finishes. Each finish offers a distinct visual identity while maintaining a cohesive and sophisticated design language. The lamp’s softly contoure..