NMDC hikes prices of lumps, fines for the first time in four months
Published on 01/05/2025 08:20 AM
NMDC hikes prices of lumps, fines for the first time in four monthsNMDC has made its first price revision for both Lumps and Fines after January this year. The stock has declined over 7% in the last one month.By Nigel D'Souza | Hormaz Fatakia May 1, 2025, 8:20:46 AM IST (Published)2 Min ReadState-run NMDC Ltd. has revised the prices of lumps and fines starting Thursday, May 1, for the first time after four months.
The price of Baila Lump has been revised higher by ₹440 per tonne to ₹6,440 from ₹6,000, back in January this year.
Price of Baila Fines has also been revised higher by ₹440 per tonne to ₹5,500 from ₹5,060 earlier this year.
These prices are inclusive of royalty, DMF, NMET and exclusive of cess, forest permit fee, transit fee, GST, environmental cess and other taxes, NMDC said in its exchange filing on Thursday.
NMDC is yet to declare its monthly business update for April.
NMDC has been in focus recently with the delay in the Karnataka Mineral Rights bill as the Governor of the state has reserved his judgement and sent it to the President for approval.
The delay in passage of New Karnataka Mineral Rights Bill proposed higher rates for mining, is positive for NMDC, for which the state forms more than 30% of revenue mix. It’s positive for companies like JSW Steel, Vednata and sandur Manganese too. The Union Steel Minister had earlier flagged that the tax increase will be negative for the sector.
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Shares of NMDC ended 1.4% lower on Wednesday at ₹64.64. The stock has declined 7.5% in the last one month.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsNMDCshare market today