nmdc

Miner NMDC challenges Karnataka's demand for higher iron ore revenue

Karnataka plans to auction the Donimalai iron ore mine as NMDC, majority owned by the Indian government, refused to pay an additional levy on ore sales from the mine, he said.

Buy NMDC; target of Rs 110: Motilal Oswal

Motilal Oswal is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 110 in its research report dated December 06, 2018.

A morning walk down Dalal Street | Nifty to find support around 10,750, stay cautious while picking stocks

There is some caution ahead of the outcome of the RBI's monetary policy review meet which triggered profit-taking as the session progressed, suggest experts.

NMDC cuts iron ore prices by Rs 300 a tonne

The revised prices exclude royalty, District Mineral Fund, National Mineral Exploration Trust, cess, forest permit fee and other taxes.

NMDC iron ore production at 15.47 MT in April-October

The company produced 9.64 MT iron ore from its mines in Chhattisgarh, while its production from Karnataka mines stood at 5.83 MT, NMDC said in a filing to BSE.

Karnataka to auction iron ore mines if NMDC not willing for 80% premium

NMDC has suspended iron ore mining from its Donimalai mine in Karnataka following the state governments decision to impose 80 per cent premium on ore sales from that mine whose lease has been extended by the Karnataka government with effect from November 4 for a period of 20 years.

NMDC falls 2% after Macquarie downgrades to neutral on Donimalai lease issue

The research house also reduced its FY20-21 EPS estimates by 9-5 percent as it feels Donimalai lease issues may be a drawn-out legal battle.

NMDC suspends iron ore-mining in Karnataka

The mining company said it has requested the government to reconsider its decision and the Karnataka Chief Minister Kumaraswamy had convened a meeting with senior officials on November 14.

Buy NMDC; target of Rs 175: Motilal Oswal

Motilal Oswal is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 175 in its research report dated November 13, 2018.

NMDC gains nearly 2% after JP Morgan sees 43% upside despite Donimalai mine concerns

JP Morgan said NMDC's Donimalai mine renewal issue becomes more difficult and there could be a long legal route ahead and possibility of production being lost.

NMDC net profit falls over 24% to Rs 636 cr

Total income rose to Rs 2,568.87 crore during the quarter, compared with Rs 2,531.18 crore a year ago.

NMDC Standalone September 2018 Net Sales at Rs 2,437.92 crore, up 0.69% Q-o-Q

NMDC shares slip 3% on lower iron ore production and sales

NMDC sales plunged sharply by 81 percent to 13.40 million tonne in first two quarters of FY19, against 70.61 million tonne sales reported in corresponding period last fiscal.

NMDC Q2 PAT seen up 31.8% YoY to Rs. 1,112.4 cr: ICICI Direct

Net Sales are expected to increase by 10.3 percent Y-o-Y (up 10.2 percent Q-o-Q) to Rs. 2,669.8 crore, according to ICICI Direct.

NMDC to spend Rs 6,500 crore towards capex in FY19 and FY20

According to chairman cum managing director of NMDC, Baijendra Kumar the centre has put on hold the disinvestment plan of the steel plant 'as of now'.

Buy NMDC; target of Rs 140: ICICI Direct

ICICI Direct is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 140 in its research report dated September 12, 2018.

NMDC: Pricing the risk of lower production this year

At current market capitalisation of Rs 37,400 crore its stock is trading at 9 times its expected earnings, which is reasonable.

NMDC iron ore production at 9.85 MT in April-August

The company produced 6.17 MT iron ore from its mines in Chhattisgarh and 3.68 MT from the mine in Karnataka, NMDC said in a filing to BSE.

Buy NMDC; target of Rs 125: Kotak Securities

Kotak Securities is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 125 in its research report dated August 29, 2018.

Buy NMDC; target of Rs 178: Motilal Oswal

Motilal Oswal is bullish on NMDC has recommended buy rating on the stock with a target price of Rs 178 in its research report dated August 08, 2018.

Hold NMDC; target of Rs 105: ICICI Direct

ICICI Direct recommended hold rating on NMDC with a target price of Rs 105 in its research report dated August 10, 2018.

Q1FY19 Result Analysis: Nalco a beat but NMDC disappoints

Strong earnings growth and cash in the books makes Nalco an attractive buy in aluminium space.

NMDC shares fall over 2% after decline in July production and sales data

In the April-July period, production and sales of iron ore (provisional) stood at 8.39 million tonne and 8.72 million tonne, respectively

Shareholders not happy if CSR spending increases: NMDC CMD

The miner spends Rs 150 crore to Rs 200 croreper annumon CSR activities, Kumar said in his address at the 158thIncome Tax Day celebrations here.

NMDC Q1 PAT may dip 6.7% YoY to Rs. 904.3 cr: ICICI Direct

Net Sales are expected to decrease by 12.5 percent Y-o-Y (down 36 percent Q-o-Q) to Rs. 2,486 crore, according to ICICI Direct.