Read more about NMDC rises on declaring interim dividend of Rs 7.76 per share on Business Standard. NMDC added 1.92% to Rs 135.05 the state-run miner said its board declared a second interim dividend of Rs 7.76 per share for the financial year 2020-21.
Read more about NMDC shines after stellar Q3 show on Business Standard. NMDC rose 1.83% to Rs 119.9 after the state-run miner s standalone net profit increased 53.2% to Rs 2108.9 crore on a 44.9% jump in net sales to Rs 4355.1 crore in Q3 FY21 over Q3 FY20.
The major heads CIL has identified for capex are land acquisition, procurement of heavy earth moving machinery, upgrade of rail evacuation infrastructure and mine development.
MOIL gained 2.69% to Rs 146.95 after the company hiked prices of manganese ore and other products with effect from 1 January 2021.
MOIL said prices of all Ferro grades of manganese ore having Manganese Mn-37% and above have been increased by 10% and all the other Ferro grades of Manganese Ore having Manganese below Mn-37% have been increased by 15%.
MOIL further added that prices of all SMGR grades (Mn-30% & Mn-25%) and all grades of Fines have been increased by 15%. The company hiked prices of all grades of chemical grades of manganese ore by 10%. The state run miner said that price of Electrolytic Manganese Di-oxide (EMD) were kept unchanged.