NMDC
RINL’s Move to Outsource Key Operations Sparks Privatization Fears, Worker Protests
State-run steel manufacturer Rashtriya Ispat Nigam Limited (RINL) has invited tenders for managing and maintaining two of its vital production units the Sinter...
Indian Steel PSUs Tap Global Markets, Eye 300 MT Output by 2030
In a strategic move to secure raw materials and boost India’s steel production, three major public sector undertakings SAIL, NMDC, and MECON are...
NMDC Embraces Index-Based Pricing, Signals ₹12,000 Cr Capex Push and Record April Performance
In a move that could reshape India’s iron ore pricing landscape, state-owned mining major NMDC Ltd has launched a trial run of index-based...
NMDC Faces Production Slowdown Amid Worker Protests
The state-owned iron ore producer NMDC Limited is struggling with a slowdown in operations due to worker protests, the company announced Tuesday, March 11....
NMDC to Supply Iron Ore to RINL for Longer Term, Ensuring Operational Viability
Historically, Rashtriya Ispat Nigam Limited (RINL), a loss-making state-run steelmaker in India, has had a long-term agreement with NMDC Limited to purchase iron ore...
Steel Stocks Surge: Five Key Drivers Behind the Market Rally
The sectoral leader at Friday’s session was the Nifty Metal Index, which ended sharply higher, riding the wind after the monetary policy announcement...
Indian Steel Ministry Proposes Consideration of Merger between KIOCL, NMDC
India’s Ministry of Steel has proposed a merger between two public-sector companies, KIOCL and National Mineral Development Corporation (NMDC) to flush out its...
Karnataka’s New Mineral Tax to Impact Steel Industry Margins
The Karnataka government has introduced a two-part mineral-bearing tax that is expected to pressure the profitability of steel companies. The levy, which applies...
Tata Steel collaborates with NMDC and OMC to secure future iron ore supply
Tata Steel has begun negotiations with state-owned enterprises NMDC and Odisha Mining Corporation (OMC) to guarantee a consistent supply of iron ore for...
NMDC Steel’s Q2 Loss Soars to Rs 595 Crore Amid Rising Expenses
NMDC Steel Limited reported a substantial net loss of Rs 595.37 crore for Q2 FY24, reflecting a significant rise from the Rs 131.10...
