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NMDC: Is it a good time to enter?

Nandish Shah   •

Investors need to watch out for the demerger of the steel plant for NMDC

NMDC: NMDC reduces iron ore prices. The state-owned mineral producer has fixed the price of lump ore at Rs 4,400 per tonne, and Fines at Rs 3,310 per tonne with effect from June 5, reduced significantly from Rs 5,500 per tonne and Rs 4,410 per tonne on May 25 this year. These prices are excluding royalty, DMF, NMET, cess, forest permit fee and other taxes.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More