NMDC fixes Lump Ore prices at Rs3,900 per ton; stock slides ~5.5%

12 Jul 2022 , 01:43 PM

NMDC Limited informed that it has revised the Iron Ore prices effective from July 12, 2022.

The company has fixed the Lump Ore (65.5%, 6-40 mm) prices at Rs3,900 per tonne. Further, prices for Fines (64%, -10 mm) are fixed at Rs2,810 per tonne.

The prices mentioned are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee, and other taxes.

NMDC Limited is a mineral producer owned by the government. It is under the Ministry of Steel, Government of India. It explores iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and other minerals.

Following this announcement, NMDC was trading at Rs103.10 down by Rs5.9 or 5.41% from its previous closing of Rs109 on the BSE. The scrip touched day’s high and low of Rs108 and Rs101.75 respectively.