Latest news with #BailaFines
The Hindu
6 days ago
- Business
- The Hindu
NMDC slashes iron ore prices
State-owned miner NMDC reduced iron ore prices by ₹140 a tonne of Baila Lump and by ₹150 for the same quantity of Fines effective June 4. The new, per tonne price of Baila Lump is fixed at ₹6,300, while that of Baila Fines at ₹5,350, the company said in a filing on Wednesday. It is the second month consecutively this fiscal India's largest iron ore producer revised prices. In May, it had raised iron ore prices by ₹440 per tonne to ₹6,440 for Baila Lump and ₹5,500 for Baila Fines. In 2025, the latest revision is the third. NMDC had revised the prices effective January 9 to ₹6,000 and ₹5,060 respectively. These are FOR prices inclusive of royalty, DMF as well NMET and exclusive of cess, forest permit fee, transit fee, GST, environmental cess and other taxes.
Business Upturn
6 days ago
- Business
- Business Upturn
NMDC shares dip over 2% as company cuts ore and fines prices in June
By Aman Shukla Published on June 4, 2025, 09:54 IST NMDC Ltd shares fell over 2% in morning trade on Wednesday, June 4, after the company announced a reduction in prices of its iron ore products. The revised rates will take effect today. As of 9:50 AM, the shares were trading 2.21% down at Rs 69.13 The price of Baila Lump Ore (65.5%, 10-40mm) has been slashed to ₹6,300 per tonne, down from ₹6,440 in May. Similarly, the price of Baila Fines has been revised to ₹5,350 per tonne, compared to ₹5,500 last month. This marks a reversal from the price hike implemented in May, when NMDC had raised ore prices by up to ₹440 per tonne — the first such increase since January 2025. The latest price cut is likely aimed at maintaining competitiveness amid fluctuating demand in the steel sector and global commodity markets. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
The Hindu
01-05-2025
- Business
- The Hindu
NMDC raises iron ore prices by ₹440 a tonne
State-owned miner National Mineral Development Corporation (NMDC) has raised iron ore prices by ₹440 per tonne effective May 1, 2025. Baila Lump will cost ₹6,440 per tonne, while the same quantity of Baila Fines will come for ₹5,500, the company said, announcing the first price revision this fiscal. The prices were last revised on January 9 to ₹6,000 and ₹5,060 respectively. These are FOR prices inclusive of royalty, DMF as well NMET and exclusive of cess, forest permit fee, transit fee, GST, environmental cess and other taxes, India's largest iron ore producer said in a filing on Thursday (May 1, 2025). The company had revised prices of the key raw material for steel seven times in FY25. Continuing with the ₹5,800 for Lumps and ₹5,060 for Fines, which it had announced effective March 21, 2024, NMDC had increased the prices four times during the fiscal. During the revision effective May 28, 2024, the prices touched the highest for the fiscal at ₹6,450 and ₹5,610 respectively and remained in force for a little over month. The lowest during FY25 was ₹5,350 and ₹4,610 respectively and maintained for close to two months from August 7.
