NMDC

** Shares of NMDC NMDC.NS rise 2.6% to 80.48 rupees

** The iron ore producer raises iron ore prices

** Baila lump prices raised to 4,800 rupees per ton from 4,700 rupees per ton

** Hikes baila fines prices to 4,050 rupees per ton from 4,000 rupees per ton

** Baila lump and baila fines are iron ore products mined by NMDC

** YTD, NMDC down 3.2%

(Reporting by Vijay Malkar)

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

• TOTAL FEBRUARY 2026 PRODUCTION 5.35 MT, SALES 4.60 MT

Source text: ID:nNSE2XxYh7

Further company coverage: NMDC.NS

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By Neha Arora

NEW DELHI, Feb 17 (Reuters) - India is seeking new steel export markets in the Middle East and Asia to offset the impact of the European Union's carbon tax that took effect in January, a government source said.

India, the world's second-biggest producer of crude steel, ships roughly two-thirds of its steel exports to Europe, where flows have come under pressure following the EU's Carbon Border Adjustment Mechanism.

Last week, Steel Secretary Sandeep Poundrik said the government would have to take action to support exports hit by Europe's carbon tax.

"For exports, we are looking at new markets and we are trying to get agreements with countries in the Middle East where a lot of infrastructure is coming up, and also in Asia," said the source directly involved in decision-making, declining to be identified as the deliberations are confidential.

"Till now, our exports were focussed on Europe but we are trying to diversify," the source added.

India's federal Ministry of Steel did not respond to an email seeking comment.

Mills are looking for government support to help them compete in non-EU markets where China has been dominant, a senior executive at a major steel firm said.

Steel exports from China, the world's largest producer, have been resilient since 2023 and hit a record monthly high in December. Beijing plans to roll out a licence system this year to regulate alloy exports, as strong shipments have fuelled a growing protectionist backlash globally.

SECURING RAW MATERIAL

Explaining India's widening efforts to secure supplies of raw materials such as coking coal, limestone, manganese and other critical minerals, the source said New Delhi was increasingly pursuing long-term offtake agreements and asset acquisitions.

State-run Steel Authority of India (SAIL) SAIL.NS and miner NMDC NMDC.NS are looking at Brazil, Argentina, Australia and the Middle East, the source said.

SAIL and NMDC did not respond to emails seeking comment.

"For coking coal asset acquisition, we are looking at Australia," the source said.

Currently, around 95% of the sector's coking coal requirements is met through imports, with Australia supplying more than half.

Last year, NMDC said it was exploring coking coal assets in Indonesia and Australia.

(Reporting by Neha Arora. Editing by Mayank Bhardwaj and Mark Potter)

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Feb 10 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - BAILA LUMP IRON ORE PRICED AT 4,700 RUPEES PER TON AS ON FEB 10

Source text: ID:nNSE380TlK

Further company coverage: NMDC.NS

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Feb 3 (Reuters) - NMDC Ltd NMDC.NS:

• Q3 PROFIT 17.47 BILLION RUPEES

• DIVIDEND 2.50 RUPEES PER SHARE

• Q3 REVENUE FROM OPERATIONS 76.11 BILLION RUPEES

Further company coverage: NMDC.NS

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Jan 29 (Reuters) - Indian state-run miner NMDC NMDS.NS is "actively exploring" coal reserves in Canada to boost the country's steel manufacturing capacity, India's steel minister H.D. Kumaraswamy said on Thursday.

The comments came after Kumaraswamy held a bilateral meeting with Canada's Minister of Natural Resources Tim Hodgson to deepen cooperation in critical minerals, clean mobility, advanced manufacturing and sustainable industrial development, the government said in a statement.

India wants to secure stable supplies of key raw materials such as coking coal, lithium, cobalt and rare earth elements as it expands steel production and accelerates its transition to cleaner energy, the statement added.

(Reporting by Surbhi Misra in Bengaluru, Editing by Louise Heavens)

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Jan 23 (Reuters) - NMDC Ltd NMDC.NS:

• COMMENCES MINING OPERATIONS AT TOKISUD NORTH COAL MINE

Source text: ID:nNSE9XFQFR

Further company coverage: NMDC.NS

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

• BAILA LUMP IRON ORE PRICED AT 4,600 RUPEES PER TON EFFECTIVE JAN 9

• BAILA FINES IRON ORE PRICED AT 3,900 RUPEES PER TON EFFECTIVE JAN 9

Source text: ID:nNSE6ly7jV

Further company coverage: NMDC.NS

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** 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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July 1 (Reuters) - NMDC Ltd NMDC.NS:

• INDIA NMDC EXPLORING ACQUISITION OPPORTUNITIES FOR CRITICAL MINERALS IN AFRICA, AUSTRALIA, SOUTH AMERICA - STATEMENT

• NMDC EXPLORATION AS PART OF GLOBAL MINERAL DIVERSIFICATION STRATEGY- STATEMENT

Source text: [ID:]

Further company coverage: NMDC.NS

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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)

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MUMBAI, April 24 (Reuters) - Indian miner NMDC NMDC.NS is exploring coking coal assets in Indonesia and Australia, Chairman Amitava Mukherjee said on Thursday.

(Reporting by Neha Arora in Mumbai; Editing by Mrigank Dhaniwala)

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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)

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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) - The Indian steel ministry is proposing a merger between state-run KIOCL KIOC.NS and NMDC NMDC.NS, a government official said on Monday.

Mining company NMDC aims to export iron ore pellets from KIOCL post the merger, the official told reporters but declined to be identified.

(Reporting by Neha Arora in New Delhi and Manvi Pant in Bengaluru; Editing by Savio D'Souza)

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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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