Nmdc
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NMDC Ltd. (NMDC), India’s largest iron-ore producer, reported a 22 percent drop in fourth-quarter profit after increased production from its mines in the southern state of Karnataka failed to counter sliding prices. Net income fell to 16.4 ...
May 28, 2012 at 12:11 | Source: Bloomberg
Tata Steel and NMDC, in 2010, signed a memorandum of understanding (MoU) to examine setting up of joint alliances in mines and steel plants. However, two years later, and after several round of talks to set up a steel plant, the two have decided otherwise.
May 26, 2012 at 18:40 | Source: Business Standard
NEW DELHI – India's state-run NMDC Ltd. (526371.BY) plans to export about 2.1 million metric tons of iron ore to steel mills in Japan and South Korea this year, Chairman N.K. Nanda said Thursday. It didn't export any iron ore in the previous ...
May 24, 2012 at 08:55 | Source: FOXBusiness
The Hindu reported that NMDC is setting up a 0.36 million tonnes a year mini beneficiation plant at a cost of INR 150 crore to process low grade iron ores. According to the Union Ministry of Steel, NMDC has already done laboratory and pilot tests to ...
May 29, 2012 at 04:03 | Source: SteelGuru
For 4QFY2012, NMDC’s top line came in-line with our estimates, while its profitability came in ahead of our estimates. We recommend Accumulate on the stock. Realization drops by 10.2% yoy and 9.4% qoq: NMDC’s net sales decreased by 31.2% yoy to Rs.
May 29, 2012 at 12:10 | Source: Stock Markets Review
NMDC Limited, the country’s largest iron ore producer, on Thursday signed a memorandum of understanding with Rashtriya Ispat Nigam (RINL) for installing a 336-km slurry pipeline from Jagdalpur to Visakhapatnam and for setting up a four-million tonne ...
May 24, 2012 at 19:11 | Source: Business Standard
State owned NMDC reported a decline of 21.74% decline in net profit to INR 1,642.28 crore for the quarter ended March 31, 2012, largely due to lower realizations on sale of iron ore. The largest domestic iron ore miner had reported a net profit of INR ...
May 29, 2012 at 04:03 | Source: SteelGuru
The State-run National Mineral Development Corporation (NMDC) and Russian steel maker Severstal are likely to sign a final agreement to set up a steel plant in Bellary by the end of this year. “Both companies have appointed legal consultants to study the ...
May 24, 2012 at 22:31 | Source: Deccan Herald
NMDC’s 4QFY12 results were in line, with EBITDA and PAT being 5%/2% above our estimates, but 2%/8% below street estimates, respectively. Volume was 5% above our estimates, but realisation was 4% below our expectation. Overall, EBIT/tn was 2% above our ...
May 29, 2012 at 12:03 | Source: Stock Markets Review
New Delhi: State-run companies NMDC and RINL Thursday signed an accord to establish an equal joint venture for setting up a 450-km slurry pipeline and a pellet plant with a total investment of Rs 2,200 crore. In the presence of Steel Minister Beni Prasad ...
May 24, 2012 at 22:10 | Source: zeenews.india.com