NMDC's Australian arm appoints Rakesh Gupta as CEO

Last Updated: Thursday, December 25, 2014, 21:05

"Gupta will be paid remuneration of USD 250,000 per annum inclusive of Superannuation, with an initial three month probation period ... ," the filing said.

Govt asks NMDC to advance 100 mtpa production target

Last Updated: Tuesday, December 16, 2014, 19:23

Steel Ministry Tuesday directed PSU iron ore miner NMDC to advance its 100 mtpa production target by four years to 2020-21 to ensure the raw material for the domestic steel industry at reasonable prices.

NMDC, others to buy 30% stake in Russian potash mine

Last Updated: Thursday, December 11, 2014, 20:10

An NMDC-led consortium of four state-run companies and one cooperative Thursday signed an agreement to buy 30 percent stake in Russian fertiliser producer ACRON's USD 2-billion potash mine project.

WTO reverses much of ruling in Indian challenge to US steel duties

Last Updated: Tuesday, December 9, 2014, 08:50

This is one of the most complicated appeals decisions ever handled by the 19-year-old trade watchdog.

CoalMin slaps notices on AMR Iron, JDL Yavatmal among others

Last Updated: Thursday, January 2, 2014, 19:09

The Ministry also cautioned that if the companies failed to do so, "it would be presumed that your company(ies) has (have) no explanation to offer and action as appropriate would be taken against your company(ies) for deallocation," it said.

NMDC iron ore production up 37% in Oct-Dec

Last Updated: Thursday, January 2, 2014, 18:37

Last year it produced 5.3 million tons during the same quarter.

SAIL, RINL, NMDC to achieve Rs 15,820-cr capex target in FY'14

Last Updated: Sunday, December 29, 2013, 13:00

Expressing hope of achieving their targets at a meeting with Finance Minister P Chidambaram recently, Steel Authority of India has said its Rs 11,500 crore capex target for the current fiscal was on track.

Narendra Kothari to be NMDC's new CMD

Last Updated: Friday, December 6, 2013, 13:32

NMDC, country's largest iron ore miner, is without a full-time chairman after the retirement of its earlier regular head Rana Som on December 31, 2011.

SAIL, NMDC and RINL line up Rs 15,000-cr capex next fiscal

Last Updated: Sunday, December 1, 2013, 15:09

Metal and mining PSUs SAIL, NMDC and RINL plan to invest nearly Rs 15,000 crore next fiscal towards modernisation and expansion, around Rs 2,000 crore less than the projected outlay for the current fiscal.

Full-time NMDC Chairman soon: Steel Secretary

Last Updated: Monday, November 25, 2013, 15:57

After a gap of nearly two years, state-owned iron ore miner NMDC is likely to get a full-time Chairman soon, Steel Secretary G Mohan Kumar said Monday.

Lower realisation pulls NMDC's Q2 net down by 21%

Last Updated: Thursday, October 24, 2013, 23:32

Iron ore producer NMDC Ltd Thursday reported a 21 percent dip in net profit in the July-September quarter at Rs 1,318 crore on lower sales realisation due to subdued prices of the raw material even as sales volumes rose.

Green panel defers decision on NMDC's power plant proposal

Last Updated: Sunday, October 20, 2013, 19:42

The committee also suggested that the Ministry to delist the proposal from the pending list as "exploration of alternatives sites may take a long time".