New Delhi, 06 April (H.S.):
India's largest iron ore producer, NMDC Ltd, hiked prices by up to 11.1% across grades, informing BSE, NSE, and Calcutta Stock Exchange. The revised rates took effect April 5 on a 'Free-on-Rail' (FOR) basis, excluding royalty, District Mineral Foundation (DMF) charges, NMET levy, GST, environmental cess, and other statutory dues.
Grade-Wise Hikes
From Bailadila mines (Chhattisgarh):
Baila Lump (65.5% Fe): +10.4%
Baila Fines (-10mm, 64% Fe): +11.1%—high-quality fines ideal for steel production.
Share Price Reaction
NMDC stock sustained gains April 6, hitting an intraday high of ₹80.75 (+3% from prior close) on BSE.
Record Production Backdrop
FY 2025-26 saw NMDC achieve peak output of 53 million tonnes produced, 50.2 million tonnes sold—bolstering steel raw material supply amid robust domestic demand.
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Hindusthan Samachar / Jun Sarkar
