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NMDC Q3 net profit up 39% to Rs 2,044 crore
NMDC Ltd on Tuesday reported a 39 per cent increase in its consolidated net profit to Rs 2,043.88 crore for the third quarter ended December 2022, helped by higher iron ore prices and volumes.
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NMDC ties up with CSIR-IMMT for R&D projects
NMDC Ltd has signed a Memorandum of Understanding (MoU) with CSIR-Institute of Minerals and Materials Technology (CSIR-IMMT), Bhubaneswar for undertaking joint Research and Development (R&D) projects.
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NMDC declares interim dividend of Rs 7.50 per share
NMDC Ltd has declared an interim dividend of Rs 7.50 per equity share for the financial year 2022-23.
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NMDC signs MoU with SAIL for long-term iron ore supply
NMDC Ltd has signed a Memorandum of Understanding (MoU) with Steel Authority of India Ltd (SAIL) for long-term supply of iron ore.
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NMDC to invest Rs 2,000 crore in Chhattisgarh
NMDC Ltd will invest Rs 2,000 crore in Chhattisgarh to set up a new iron ore mine and a pellet plant.
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NMDC Records Highest Ever Iron Ore Production in FY23
NMDC Ltd., India's largest iron ore producer, achieved its highest ever iron ore production of 41.48 million tonnes (MT) in the financial year 2022-23 (FY23).
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NMDC Dividend Payout Ratio Increased to 60%
The Board of Directors of NMDC Ltd. has recommended a final dividend of Rs. 12 per share for the financial year 2022-23, resulting in a total dividend payout ratio of 60%.
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NMDC Joins Forces with MSTC for Raw Material Procurement
NMDC Ltd. and MSTC Ltd. have signed a Memorandum of Understanding (MoU) to explore opportunities for collaboration in the procurement of raw materials.
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NMDC Records Highest-Ever Iron Ore Production and Sales in FY23
NMDC Limited, India's largest iron ore producer and exporter, has achieved record-breaking iron ore production and sales performance in the financial year 2022-23 (FY23).
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NMDC Collaborates with IIT-Kharagpur to Establish Centre of Excellence in Sustainable Mining
NMDC Limited and the Indian Institute of Technology (IIT) Kharagpur have signed a Memorandum of Understanding (MoU) to establish a Centre of Excellence (CoE) in Sustainable Mining.
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NMDC to Invest Rs 2,500 Crore in Odisha for Steel Plant and Beneficiation Complex
NMDC Limited plans to invest Rs 2,500 crore in Odisha to set up a 3 million tonne per annum (MTPA) steel plant and a beneficiation complex.
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NMDC Q3FY23 net profit jumps 106% to Rs 2,274 crore
State-run miner NMDC on Monday reported a 106 per cent jump in its consolidated net profit to Rs 2,274 crore for the third quarter ended December 2022, helped by better realisations and higher volumes.
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NMDC invites bids for setting up 3 MT solar PV power plant at Donimalai
State-owned NMDC Ltd has invited bids for setting up a 3-megawatt (MW) solar photovoltaic (PV) power plant at its Donimalai iron ore complex in Karnataka.
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NMDC signs MoU with HAL to explore use of drones in mining operations
State-run miner NMDC on Friday signed a Memorandum of Understanding (MoU) with aerospace major Hindustan Aeronautics Limited (HAL) to explore the use of drones in its mining operations.
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NMDC becomes first company in mining sector to conduct AGM through e-voting
National Mineral Development Corporation (NMDC) has become the first company in the mining sector to conduct its Annual General Meeting (AGM) through e-voting. The AGM was held on September 29, 2022, and the e-voting process was conducted through the Central Depository Services (India) Limited (CDSL) e-voting platform.
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NMDC posts record production and sales in H1 FY23
NMDC has posted record production and sales in the first half of the financial year 2022-23 (H1 FY23). The company's production increased by 11% to 19.14 million tonnes (MT) in H1 FY23, compared to 17.24 MT in H1 FY22. Sales also increased by 10% to 19.03 MT in H1 FY23, compared to 17.29 MT in H1 FY22.
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NMDC to invest Rs 20,000 crore in steel plant in Chhattisgarh
NMDC has announced that it will invest Rs 20,000 crore in a new steel plant in Chhattisgarh. The plant will have a capacity of 3 million tonnes per annum (MTPA) and is expected to be completed by 2026. The project will create employment opportunities for around 10,000 people.
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NMDC's production target slashed by 13%
NMDC Ltd, India's largest iron ore producer, has revised its production target for the current financial year by 13% to 32 million tonnes due to logistics issues and unfavourable weather conditions.
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NMDC to invest Rs 2,000 crore in Odisha
NMDC Ltd is planning to invest Rs 2,000 crore in Odisha over the next three years to expand its mining operations and set up a new steel plant in the state.
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NMDC reports robust financial performance in Q3 FY23
NMDC Ltd reported a strong financial performance in the third quarter of FY23 with a 30% year-on-year growth in net profit to Rs 2,285 crore.
