The price hikes will be effective in both states of Chhattisgarh and Karnataka, CNBC reported adding that both lumps and fines in Chhattisgarh will be hiked by Rs 200 per tonne, while those in Karnataka will go up Rs 300 per tonne.
The state-run firm has appointed consultants such as McKinsey & Company and Deloitte to study the market and come up with a marketing policy by the end of the financial year.
Foreign institutional investors sold shares worth Rs 1,244.44 crore, while domestic institutional investors bought Rs 830.40 crore worth of stocks on November 13, provisional data from the National Stock Exchange showed.
The NMDC stock has given a return of 64.22 percent over the last six months. The benchmark Nifty50 index has given a return of 5.68 percent over the same duration.
Net profit of the country’s largest iron ore producer and exporter was Rs 1,024.86 crore in the quarter, compared to Rs 885.65 crore in the same quarter last year.