Latest news with #NMDCSteel
Mint
6 days ago
- Business
- Mint
Strong domestic demand, firm steel prices to keep SAIL in focus
After two lacklustre quarters, Steel Authority of India Ltd (SAIL) reported a rebound in performance in the March quarter (Q4FY25), driven by lower raw material costs and improved sales volumes—even as selling prices remained under pressure. SAIL's earnings before interest, tax, depreciation and amortization (Ebitda) stood at ₹3,500 crore in Q4FY25, slightly higher on a year-on-year basis. This marks a turnaround after a 5% decline in Q3 and a steep 40% drop in Q2. The blended realization for the quarter fell 10% from a year earlier to ₹55,000 per tonne. However, the company managed to offset this decline with a 9% rise in sales volumes (excluding volumes sold on behalf of NMDC Steel) and a drop in coking coal prices by about ₹1,500 per tonne. The company sold 0.36 million tonnes (mt) of steel on behalf of NMDC Steel under an agreement that provides for a fixed trading margin. Also read: Govt may harness public sector undertakings to drive green steel consumption Improved margins The company's Ebitda per tonne (adjusted for NMDC volumes) improved to ₹7,000 in Q4, up from ₹4,550 in Q3FY25, though lower than ₹7,620 reported in Q4FY24. Domestic steel prices have been under pressure due to a rise in imports, particularly flat products, which make up 95% of the imported steel. However, prices have started recovering—rising by about ₹3,000 per tonne—after the imposition of a safeguard duty on imports in April. Prices are expected to improve further after the monsoon, according to the company. The global outlook also offers some relief, with the World Steel Association projecting a rebound in consumption in 2025 after three years of decline. For FY25, SAIL's revenue dropped 3% to ₹1.02 trillion due to lower realizations, even though sales volumes rose. Ebitda for the full year declined 4% to ₹10,630 crore. The company has set a sales volume target of 19.2 mt for FY26, up from 17.9 mt in FY25. Also read: JSW-Bhushan case: Time to rewrite India's insolvency code? Operational efficiencies helped SAIL save ₹650 crore in FY25 through measures like reduced fuel consumption and higher throughput at efficient plants. Employee cost also declined during the year, despite a one-off adjustment in Q4, with a reduction in manpower and management expects savings of ₹400-500 crore in FY26. The company's plant-wise earnings reflect the disparity in steel product categories. While Ebit (earnings before interest and taxes) at Bokaro and Rourkela plants—focused on flat products—dropped 66%, Ebit at long-product-focused IISCO and Bhilai plants rose 25%. Capacity expansion plans SAIL aims to increase its total steelmaking capacity to 35 million tonnes per annum (mtpa) by FY31, up from the current 20 mtpa. The first phase of expansion, involving debottlenecking to add 2–3 mtpa, is expected by FY28. Capital expenditure (capex) is budgeted at ₹7,500 crore for FY26, up from ₹6,400 crore in FY25. Peak annual capex could reach ₹10,000 crore in FY28-29, which may put temporary pressure on the balance sheet—similar to the strain seen during the last expansion cycle between 2010 and 2020. SAIL shares have gained about 15% so far in 2025, buoyed by signs of a steel market recovery. Analysts say that trends in steel pricing and volumes will be key to determining future performance. Nuvama Institutional Equities expects the company to deliver 21% CAGR Ebitda growth over FY25–27, supported by stronger prices and lower coking coal costs. Also read: Steel prices climb as 'safeguard' duty looms, user industries warn of cost inflation
Business Standard
28-05-2025
- Business
- Business Standard
NMDC Steel reports standalone net loss of Rs 473.39 crore in the March 2025 quarter
Sales rise 53.77% to Rs 2838.25 crore Net Loss of NMDC Steel reported to Rs 473.39 crore in the quarter ended March 2025 as against net loss of Rs 860.83 crore during the previous quarter ended March 2024. Sales rose 53.77% to Rs 2838.25 crore in the quarter ended March 2025 as against Rs 1845.73 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 2373.78 crore in the year ended March 2025 as against net loss of Rs 1560.32 crore during the previous year ended March 2024. Sales rose 178.88% to Rs 8503.05 crore in the year ended March 2025 as against Rs 3048.99 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2838.251845.73 54 8503.053048.99 179 OPM % -10.24-51.77 - -21.03-47.12 - PBDT -443.80-1020.81 57 -2368.68-1648.22 -44 PBT -664.31-1273.10 48 -3321.72-2201.02 -51 NP -473.39-860.83 45 -2373.78-1560.32 -52
Mint
13-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 13 April 2025
Stocks to buy under ₹ 100: Following the relief from the ceasefire in India-Pakistan tension and encouraging developments in the US-China trade deal, the Indian stock market witnessed strong buying on Monday. The Nifty 50 index skyrocketed 916 points and closed at 24,924. The BSE Sensex finished 2,975 points higher at 82,429. The Bank Nifty index ended 1,787 points northward at 55,382. All the sectors ended in green, with IT, realty, and metal emerging as the top performers. In the broad market, the Mid-cap and Small-cap indices soared over 4% and outshone the frontline indices. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "Looking ahead, market participants will closely track the release of key inflation data—India's CPI and the US Core CPI, both scheduled for Tuesday. Additionally, investors will watch Q4 results 2025 from major companies, including Bharti Airtel and Tata Motors, which could drive sector-specific momentum. Positive momentum in Indian markets is likely to continue, driven by easing geopolitical tensions, progress on trade deals, and improving signs of economic stability." On the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed a big gap-up opening with Border Ceasefire news, which has indicated a robust move with the bulls gaining strength over the bears, closing above the previous peak of the 23,800 zone, and with further targets of 25,300 and 25,800 levels expected, the bias and sentiment have turned overall positive as of now. The important 200-DMA zone of the 24,050 level shall be the major support for the short term." Asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, "The Bank Nifty formed a Morning Star candlestick pattern on the daily chart, indicating strength. The next key hurdle for Bank Nifty is located near the 56,000–56,100 zone, while major support is seen near 53,480. Traders are advised to hold long positions and consider booking profits around the 56,000-56,100 levels." Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mahesh M Ojha, AVP — Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet — recommended buying these five intraday stocks for today under ₹ 100: NMDC Steel, NMDC, IRB Infrastructure, Ola Electric Mobility, and Edelweiss. 1] NMDC Steel: Buy at ₹ 36.12, Target ₹ 38.64, Stop Loss ₹ 34.85; and 2] NMDC: Buy at ₹ 68.08, Target ₹ 72.84, Stop Loss ₹ 65.69. 3] IRB Infrastructure: Buy at ₹ 47 to ₹ 47.85, Targets ₹ 49, ₹ 51, ₹ 53, ₹ 55, Stop Loss ₹ 45.90; and 4] Edelweiss: Buy at ₹ 80 to ₹ 81, Targets ₹ 83.50, ₹ 85, ₹ 88, ₹ 90, Stop Loss ₹ 78. 5] Ola Electric Mobility: Buy at ₹ 48.40, Target 50.90, Stop Loss ₹ 47.50.
Mint
13-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 13 April 2025
Stocks to buy under ₹ 100: Following the relief from the ceasefire in India-Pakistan tension and encouraging developments in the US-China trade deal, the Indian stock market witnessed strong buying on Monday. The Nifty 50 index skyrocketed 916 points and closed at 24,924. The BSE Sensex finished 2,975 points higher at 82,429. The Bank Nifty index ended 1,787 points northward at 55,382. All the sectors ended in green, with IT, realty, and metal emerging as the top performers. In the broad market, the Mid-cap and Small-cap indices soared over 4% and outshone the frontline indices. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "Looking ahead, market participants will closely track the release of key inflation data—India's CPI and the US Core CPI, both scheduled for Tuesday. Additionally, investors will watch Q4 results 2025 from major companies, including Bharti Airtel and Tata Motors, which could drive sector-specific momentum. Positive momentum in Indian markets is likely to continue, driven by easing geopolitical tensions, progress on trade deals, and improving signs of economic stability." On the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed a big gap-up opening with Border Ceasefire news, which has indicated a robust move with the bulls gaining strength over the bears, closing above the previous peak of the 23,800 zone, and with further targets of 25,300 and 25,800 levels expected, the bias and sentiment have turned overall positive as of now. The important 200-DMA zone of the 24,050 level shall be the major support for the short term." Asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, "The Bank Nifty formed a Morning Star candlestick pattern on the daily chart, indicating strength. The next key hurdle for Bank Nifty is located near the 56,000–56,100 zone, while major support is seen near 53,480. Traders are advised to hold long positions and consider booking profits around the 56,000-56,100 levels." Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mahesh M Ojha, AVP — Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet — recommended buying these five intraday stocks for today under ₹ 100: NMDC Steel, NMDC, IRB Infrastructure, Ola Electric Mobility, and Edelweiss. 1] NMDC Steel: Buy at ₹ 36.12, Target ₹ 38.64, Stop Loss ₹ 34.85; and 2] NMDC: Buy at ₹ 68.08, Target ₹ 72.84, Stop Loss ₹ 65.69. 3] IRB Infrastructure: Buy at ₹ 47 to ₹ 47.85, Targets ₹ 49, ₹ 51, ₹ 53, ₹ 55, Stop Loss ₹ 45.90; and 4] Edelweiss: Buy at ₹ 80 to ₹ 81, Targets ₹ 83.50, ₹ 85, ₹ 88, ₹ 90, Stop Loss ₹ 78. 5] Ola Electric Mobility: Buy at ₹ 48.40, Target 50.90, Stop Loss ₹ 47.50. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
NDTV
26-04-2025
- Business
- NDTV
NMDC Steel Recruitment 2025: Registration Begins For 934 Posts, Check Details
NMDC Steel Recruitment 2025: National Mineral Development Corporation (NMDC) Steel Limited has started the application process for various posts. Interested and eligible candidates can apply by visiting the official website, The last date to fill the application is May 8, 2025. The recruitment drive aims to fill a total of 934 posts. The official notification reads:'Before registering online, the candidates must fulfil the essential requirements of the post and other conditions stipulated in the advertisement. They are advised to satisfy themselves before applying. No enquiry asking for advice as to eligibility will be entertained. While applying for the above post, the applicant should ensure that he/she fulfils all the eligibility and other criteria mentioned above as on the cutoff date and that the particulars furnished are correct in all respects.' NMDC Steel Recruitment 2025: Application Fees A non-refundable application fee of Rs. 500 is required from all candidates. However, candidates belonging to SC, ST, PwBD, and Ex-servicemen categories are exempt from paying the fee, provided they enclose the necessary proof as specified. Without the required certificate or fee payment details, the application will be rejected. NMDC Steel Recruitment 2025: Selection Process Candidates will be selected through a Walk-in Interview at multiple locations: Raipur, Bhubaneshwar, Rourkela, Bokaro, Durgapur, Hospet, and Jharsuguda. During the online application, candidates can choose their preferred interview location. The final allocation will be based on availability, decided by a duly constituted committee. Only candidates with verified documents, as per the notification, will be allowed to participate in the interview. Suitability will be assessed through the Walk-in-Drive Interview after document verification. NMDC Steel Recruitment 2025: Period of Contract The contract period will initially be up to three years or until the age of 60, whichever comes first. Performance-based extensions may be considered beyond the initial period, subject to organizational requirements.
