India’s steel industry is better placed than other countries and should witness strengthening of fundamentals, driven by better domestic demand, increased export opportunities, limited imports, and firming up of steel prices at healthy levels, says World Steel Association
NMDC is trading at an attractive valuation and investors with a higher risk appetite can add the stock at current levels. Here’s why
NMDCs turnover during the first quarter was Rs.1,938 crore compared to Rs 3,264 crore during the corresponding quarter last fiscal, the company said.
The Kirandul unit of Bailadila Projects sold 8.47 lakh tonnes of iron ore in June, up 24 per cent over the same month last year.
After closure of Donimalai Iron Ore Mine for more than eight months, NMDC is set to resume operations in accordance with the Honourable High Court of Karnataka decision, NMDC said in a statement here.
CMD of NMDC Baijendra Kumar had a meeting on June 12 with the Chief Minister of Chhattisgarh Bhupesh Baghel and discussed the issue, the release said.