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NMDC hikes iron ore lump rate by Rs 250/tonne; fines Rs 350 per tonne

NMDC hikes iron ore lump rate by Rs 250/tonne; fines Rs 350 per tonne
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iron ore: NMDC hikes iron ore lump rate by Rs 250 a tonne, fines by Rs 350 per tonne

State-owned NMDC increased prices of lump ore by Rs 250 per tonne and fines by Rs 350 per tonne to Rs 6,450 and Rs 5,610 per tonne respectively. The increased prices are effective immediately. Prices include royalty and contributions to DMF and DMET, but exclude other taxes. The announcement follows a 38% fall in net profit for the March quarter due to increased expenses, impacting steel manufacturing industries reliant on iron ore.

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NMDC Hikes Iron Ore Lump Rate By ₹250/tonne; Fines ₹350 Per Tonne

In a regulatory filing, the miner said it has revised the cost of lump ore to Rs 6,450/a tonne and fines to Rs 5,610 per tonne.

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Coal India's contribution to govt exchequer rises 6.4% to Rs 60,140 cr in FY24

Coal India Ltd (CIL), which accounts for over 80 per cent of domestic coal output, paid Rs 56,524.11 crore to the government exchequer in FY23, according to provisional figures of the coal ministry

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Coal India's Contribution To Govt Rises 6.4% to ₹60,140 Crore In FY24

Coal India's Contribution To Govt Rises 6.4% to ₹60,140 Crore In FY24
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