NMDC
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...
