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NMDC shares surged 140% in 10 months; should you invest in the metal stock now?

LKP Securities initiates buy rating on NMDC with target price of ₹297/share, expecting 20% increase. The company, largest iron ore producer in India, plans aggressive mine capacity expansion to meet growing steel demand. ....

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MOIL shares rise over 4.5% on strong surge in manganese ore production

MOIL, the largest producer of manganese ore in India, achieved a production increase of 26% and sales that broke a multi-year record. The company is strategically increasing investments to meet growing demand in the manganese ore industry. ....

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JSW Steel posts ₹2,773 crore profit, cites infra thrust

The Mumbai-based steel manufacturer reported a 6.71% year-on-year increase in its consolidated revenue from operations to ₹44,584 crore. ....

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India's steel production can go up to 500 M tonnes by 2050: BHP top exec

India produced around 125 million tonnes of steel in FY23, which New Delhi plans to scale to 300 million tonnes by 2030, as per the National Steel Policy. Even after accounting for a bit of a haircut, India can produce around 240 million tonnes of steel in eight years - double of what it does now. ....

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