NMDC

** Shares of NMDC NMDC.NS rise 2% to 71 rupees

** Stock is top pct gainer on Nifty Metal index .NIFTYMET, which is up 0.3%

** State-run miner's Aug 2025 iron ore production rose 10% sales grew 8%

** NMDC rated "hold" on average by 16 analysts; median target price is 80 rupees – data compiled by LSEG

** YTD, stock up 7.6% vs Nifty Metal's 7.9% rise

(Reporting by Rudra Pratap Singh in Bengaluru)

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Aug 1 (Reuters) - NMDC Ltd NMDC.NS:

• IRON ORE PRICE FOR BAILA FINES SET AT 5,250 RUPEES/TON

• IRON ORE PRICE FOR BAILA LUMP SET AT 6,100 RUPEES/TON

Source text: ID:nNSE4j6fYc

Further company coverage: NMDC.NS

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By Neha Arora

July 1 (Reuters) - Indian state-owned miner NMDC NMDC.NS on Tuesday said it is exploring acquisition opportunities for critical minerals in Africa, Australia and South America, as part of its global mineral diversification strategy.

(Reporting by Anuran Sadhu in Bengaluru; Editing by Mrigank Dhaniwala)

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** Shares of Indian miner NMDC NMDC.NS jump fall 2.5% to 70 rupees

** Stock is top loser in nifty metal index .NIFTYMET, which is 0.4%

** NMDC on Tuesday posts Q4 profit before exceptional items and tax of 23.51 bln rupees ($275.6 mln), down 3.5% y/y hurt by lower product prices

** Rev from ops rose 7% mainly due to higher sales in its pellets unit

** Stock eyes a second straight session of losses, if trend holds

** NMDC rose ~10% YTD, vs a ~7% rise in NIFTYMET

(Reporting by Yagnoseni Das in Bengaluru)

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May 27 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC Q4 PROFIT 14.96 BILLION RUPEES

• NMDC Q4 REVENUE FROM OPERATIONS 69.53 BILLION RUPEES

• NMDC - DIVIDEND OF 1 RUPEEPER SHARE

Source text: [ID:]

Further company coverage: NMDC.NS

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May 2 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - APRIL TOTAL PRODUCTION 4.00 MT

• NMDC - APRIL SALES AT 3.63 MT

Source text: ID:nnAZN3RVXOZ

Further company coverage: NMDC.NS

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Adds official quotes, details, background on India's steel capacity, coking coal imports in paragraphs 2-8

By Neha Arora

MUMBAI, April 26 (Reuters) - India is encouraging companies to acquire iron ore, coking coal, and other key raw material assets overseas, Steel Secretary Sandeep Poundrik said on Saturday, as the country ramps up its steelmaking capacity to meet rising demand.

"We are encouraging our companies to acquire assets abroad, right from iron ore to coking coal to even limestone and dolomite," Poundrik said at an industry event in Mumbai. "Raw material securitisation is the most important aspect of steelmaking."

India, the world's second-largest producer of crude steel, aims to boost its overall steelmaking capacity to 300 million tons by 2030, up from about 200 million tons currently.

To support this expansion, coking coal imports are projected to rise to 160 million tons by 2030 from around 58 million tons now, Poundrik had projected on Friday.

Despite an uptick in steel output, India's coking coal imports dipped 0.7% in the fiscal year ended in March due to lower shipments from Australia and the United States, said commodities consultancy BigMint.

India relies on imports to meet 85% of its coking coal needs, with Australia supplying more than half of those shipments.

In a bid to diversify supply, India has also been exploring partnerships with Mongolia. However, logistical challenges remain in sourcing material from the landlocked country, Poundrik noted.

India's state-run miner NMDC NMDC.NS is exploring coking coal assets, in Indonesia and Australia, Chairman Amitava Mukherjee said on Thursday.

(Reporting Neha Arora; Writing by Sethuraman NR; Editing by William Mallard)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Adds executive comments and details from paragraph 2 onwards

By Neha Arora

MUMBAI, April 24 (Reuters) - Indian miner NMDC NMDC.NS is exploring coking coal assets, key ingredient used for making iron ore and steel, in Indonesia and Australia, Chairman Amitava Mukherjee said on Thursday.

India, the world's second-largest producer of crude steel, meets 85% of its coking coal requirements through imports. Australia accounts for more than half of the country's coking coal imports.

The company is looking at this as a business opportunity, Mukherjee said. "They (explorations) are in different stages of negotiations." He did not disclose the details of these talks due to confidentiality.

State-owned NMDC is India's largest iron ore miner with four operational mines across the country.

The country's top steelmaker JSW Steel's JSTL.NS CEO Jayant Acharya had told Reuters earlier in the day that the company sources coking coal from Australia, the United States and Mozambique. State-owned SAIL SAIL.NS also procures coking coal from countries such as Mongolia.

Coking coal has traditionally been a volatile commodity because of its dominance in exports and the variability of weather, according to commodity consultancy firm BigMint.

In 2023, erratic weather conditions hit coking coal supplies from Australia.

(Reporting by Neha Arora in Mumbai, and Manvi Pant in Bengaluru; Editing by Mrigank Dhaniwala and Shilpi Majumdar)

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April 7 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - ANONYMOUS COMPLAINT REPORTED IN NEWS ARTICLE FALSE, BASELESS

Source text: ID:nnAZN3O6NTG

Further company coverage: NMDC.NS

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March 21 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - FEDERATION OF UNIONS ASKED THEIR MEMBERS TO RESUME DUTIES FULLY

• NMDC - EMPLOYEES HAVE RESUMED DUTIES, NORMAL OPERATIONS HAVE RESUMED AT ALL PROJECTS

Source text: ID:nNSE55ryJX

Further company coverage: NMDC.NS

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NEW DELHI, March 11 (Reuters) - India has not taken any decision to merge KIOCL KIOC.NS and NMDC NMDC.NS, junior Steel Minister Bhupathiraju Srinivasa Varma said in a written response in parliament on Tuesday.

The steel ministry had proposed a merger of the miners in January, but the divestment department informed that "there is no such decision" at present, Varma said.

(Reporting by Hritam Mukherjee in New Delhi; Editing by Muralikumar Anantharaman)

(([email protected]; X: @MukherjeeHritam;))

March 6 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - AMITAVA MUKHERJEE APPOINTED AS CHAIRMAN & MANAGING DIRECTOR

Source text: [ID:]

Further company coverage: NMDC.NS

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Feb 6 (Reuters) - Indian state-owned miner NMDC NMDC.NS reported a higher third-quarter profit on Thursday, aided by price hikes during the period.

The iron ore miner reported a 30% year-on-year rise in profit to 19.44 billion rupees ($222 million) for the October-December quarter.

NMDC increased the prices of iron ore twice during the quarter, resulting in an average price of 4,377 rupees per tonne, up nearly 17% on-year, according to data from JM Financial Institutional Securities.

Last month, JSW Steel JSTL.NS, which primarily procures iron ore from NMDC, said that escalating prices of iron ore have partially offset a decline in costs due to falling coking coal prices.

NMDC's revenue from operations rose 21% to 65.31 billion rupees in the third quarter.

($1 = 87.5280 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Indian miner NMDC NMDC.NS jump ~3% to 66 rupees

** Co unveiled to vendors its 700 billion rupee ($8.09 billion) capex plan for the next 5 years in bid to increase production capacity to 100 million metric tons by 2030

** Stock on track to log gains for the first session in four, and has lost 0.8% so far in Jan

($1 = 86.5700 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Jan 28 (Reuters) - NMDC Ltd NMDC.NS:

• SHARES 700 BILLION RUPEES CAPEX PLAN WITH VENDORS

Further company coverage: NMDC.NS

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By Neha Arora

NEW DELHI, Jan 20 (Reuters) - India's state-run miner NMDC is expected to extract 6,500 carats of diamonds, worth $3.4 million, this fiscal year from ores in a mine near a tiger reserve, after receiving mining clearances last year, two sources said.

The miner faced delays in securing environmental clearances and had to halt mining for over three years at the Panna mine in the central state of Madhya Pradesh due to its proximity to the tiger reserve.

The Supreme Court later permitted NMDC NMDC.NS to mine, subject to certain guidelines, paving the way for the company to resume operations.

NMDC, which has not yet started new rounds of mining, is focusing on extracting and processing diamonds from ore stockpiles at its Panna mine, the sources said.

"We will start ore mining from the mines in two-three months, and in the meanwhile diamonds are processed through feeding of old stockpiles," the company told Reuters in an e-mailed statement.

Since resuming operations, the company has extracted diamonds worth 3,700 carats or $1.93 million from the ore, said the sources, who did not wish to named before NMDC publicly shared its diamond output data.

The mine, covering an area of 275.96 hectares (681.91 acres), first began operations in the early 1970s and is the only mechanised diamond mine in the country.

Madhya Pradesh state is among the major diamond mining regions in Asia.

Global and domestic mining companies have also tried to mine diamonds at the Bunder project, near the Panna reserve in Madhya Pradesh, but with little success.

Before exiting the Bunder project in 2016-17, Anglo-Australian mining giant Rio Tinto spent about $90 million over 14 years on the mine.

Since Rio Tinto's departure, mining has not started at the Bunder project, largely due to concerns over its location in a forested area home to tigers and other wildlife.

(Reporting by Neha Arora; editing by Mayank Bhardwaj and Bernadette Baum)

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Jan 17 (Reuters) -

• INDIA STEEL MINISTER: SAIL'S SALEM STEEL PLANT WILL BE REVIVED

• INDIA STEEL MINISTER: INVESTIGATION TO DETERMINE SAFEGUARD MEASURES IS ONGOING

• INDIA STEEL MINISTER: HAVE PROPOSED MERGER OF KIOCL WITH NMDC

• INDIA STEEL MINISTER: KIOCL IS IN CRITICAL CONDITION

Further company coverage: SAIL.NS

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Jan 9 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - FIXES PRICES OF BAILA LUMP (65.5%, 10-40MM) AT 6,000 RUPEES PER TON

• NMDC - FIXES PRICES OF BAILA FINES (64%, -10 MM) AT 5,060 RUPEES PER TON

Source text: ID:nBSE7Xt4gR

Further company coverage: NMDC.NS

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Jan 6 (Reuters) - KIOCL Ltd KIOC.NS:

• INDIA STEEL MINISTRY PROPOSES KIOCL, NMDC MERGER - GOVERNMENT SOURCE

• INDIA'S NMDC AIMS TO EXPORT IRON ORE PELLETS FROM KIOCL AFTER PROPOSED MERGER - GOVERNMENT SOURCE

Further company coverage: KIOC.NS

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Jan 1 (Reuters) - NMDC Ltd NMDC.NS:

• TOTAL DECEMBER 2024 PRODUCTION 4.71 MT, SALES 3.91 MT

Source text: ID:nNSE4DvxXR

Further company coverage: NMDC.NS

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Dec 30 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - ADDITIONAL CHARGE OF CHAIRMAN-CUM-MD ASSIGNED TO AMITAVA MUKHERJEE

• NMDC - ADDITIONAL CHARGE OF CHAIRMAN-CUM-MD ASSIGNED TO AMITAVA MUKHERJEE EXTENDED FOR A YEAR

Source text: ID:nBSE6N4vC9

Further company coverage: NMDC.NS

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Dec 2 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - IRON ORE PRODUCTION AT 4.51 MT IN NOV

• NMDC - NOV TOTAL IRON ORE SALES AT 4 MT

Source text: ID:nnAZN2Q4ASB

Further company coverage: NMDC.NS

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** Shares of NMDC Steel NMDS.NS fall as much as 4.9% to 43.90 rupees

** NMDS on Tuesday reported Q2 loss of 5.95 bln rupees ($70.5 mln) vs a loss of 1.31 bln rupees yr ago

** While rev from ops jumped more than five-fold to 15.22 bln rupees, total expenses led by raw material cost rose too jumped five fold to 23.64 bln rupees

** Stock on track for a fourth consecutive session of loss, if trend holds

** Stock down 14.3% YTD

($1 = 84.4020 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of NMDC NMDC.NS climb 2.1% to 227.4 rupees amid slump in broader markets, with Nifty 50 .NSEI down 1.5% .BO

** State-run miner's October 2024 iron ore production rose 3.8% y/y, sales grew 17.2%

** Stock highest gainer among four stocks trading in green in the 15-member Nifty metal index .NIFTYMET (down 1.7%)

** NMDC up ~7% YTD vs 15% rise in NIFTYMET

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Oct 23 (Reuters) - RITES Ltd RITS.NS:

• RITES - RITES & NMDC COLLABORATE FOR RAIL CONNECTIVITY WORKS

Source text for Eikon: ID:nBSEb1w4qX

Further company coverage: RITS.NS

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Oct 8 (Reuters) - Vraj Iron And Steel Ltd VRAJ.NS:

• ENTERED INTO AGREEMENT WITH NMDC FOR PROCUREMENT OF IRON ORE LUMP FOR 3 YEARS

Source text for Eikon: ID:nNSE1cCWb6

Further company coverage: NMDC.NS

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Oct 1 (Reuters) - NMDC Ltd NMDC.NS:

• SEPT TOTAL PRODUCTION AT 3.04 MT

• SEPT TOTAL SALES 3.54 MT VERSUS 3.11 MT YEAR AGO

Source text for Eikon: ID:nNSEc3NmzG

Further company coverage: NMDC.NS

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Aug 22 (Reuters) - NMDC Ltd NMDC.NS:

• INDIA NMDC CHAIRMAN: SEE ONLY A MARGINAL IMPACT FROM ANY RETROSPECTIVE TAX DEMAND FROM STATES

Source text for Eikon: [ID:]

Further company coverage: NMDC.NS

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Adds comment in paragraph two, updates shares

NEW DELHI, Aug 14 (Reuters) - Indian top court's order that allows states to collect past tax dues from mining companies will have a large financial impact on these firms and affect investments, a senior mines ministry official, who did not want to be named, told Reuters on Wednesday.

The order is expected to have an impact of around 1 trillion rupees ($11.91 billion) on mining companies, the official added, without specifying the timeline of the impact.

India's Supreme Court on Wednesday allowed state governments to collect mining companies' tax dues pending from April 1, 2005.

The time for payment or the demand of tax shall be staggered in installments over a period of 12 years, commencing from April 1, 2026, the top court said.

"This will affect the future of mining unless the government brings legislation to overcome this judgement," said R.K. Sharma, secretary general of the Federation of Indian Mineral Industries.

India's metal index .NIFTYMET was trading down 1.2% at 2:50 p.m. IST, with JSW Steel JSTL.NS down 1.9%, Tata Steel TISC.NS lower 2% and NMDC NMDC.NS slipping 6%.

($1 = 83.9450 Indian rupees)

(Reporting by Neha Arora and Manvi Pant; Editing by Mrigank Dhaniwala and Janane Venkatraman)

(([email protected]; +918447554364;))

Aug 12 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC Q1 PROFIT 19.84 BILLION RUPEES; IBES EST. 16.35 BILLION RUPEES

• NMDC Q1 REVENUE FROM OPERATIONS 53.78 BILLION RUPEES; IBES EST. 54.46 BILLION RUPEES

Source text for Eikon: ID:nBSE2yB7h

Further company coverage: NMDC.NS

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