NMDC's iron ore production up by 5.31% in H1 of FY14

Last Updated: Thursday, October 17, 2013, 14:32

State-owned NMDC on Thursday said its Iron ore production for the half-year ended September 30, has gone up by 5.31 percent to 12.89 million tonnes.

NMDC goes for first hike in a year; prices up Rs 100/tonne

Last Updated: Friday, October 11, 2013, 17:00

Going in for the first price hike in the last one year, state-owned NMDC has raised iron ore rates for October by Rs 100 per tonne amid "good domestic demand" and rising prices in global market.

Centre favours OMC-NMDC venture to solve raw material crisis

Last Updated: Saturday, September 28, 2013, 21:04

Realising that the raw material linkage was a major hurdle for growth of the steel sector in the state, a collaboration between Odisha Mining Corporation (OMC) and National Mineral Development Corporation (NMDC) was encouraged to help overcome the problem.

NMDC for a third party in pipeline, pellet plant JV with RINL

Last Updated: Sunday, September 15, 2013, 17:44

The two state-run firms, under the administrative control of the Steel Ministry, had in May last year signed an MoU for the venture to make it a win-win for both.

Income Tax Department slaps Rs 1,631 crore tax notice on NMDC

Last Updated: Tuesday, September 10, 2013, 16:22

The mining company has paid Rs 1,134.27 crore to the tax authorities so far and contested the claim in respective appellates, sources said.

SAIL-led consortium's $10.8 bn Afghan plan to take off soon

Last Updated: Thursday, August 22, 2013, 15:30

AIFSCO has public sector firms SAIL, RINL and NMDC holding a combined 56 percent stake.

NMDC, IL&FS Energy sign pact to set up 500MW power plant in UP

Last Updated: Wednesday, August 21, 2013, 16:10

State-run NMDC on Wednesday signed an initial pact with IL&FS Energy Development Company (IEDCL) to set up a 500 MW coal-based thermal power plant at Gonda in Uttar Pradesh with an investment of Rs 3,000 crore.

NMDC to set up 500-MW plant at Gonda

Last Updated: Tuesday, August 20, 2013, 18:58

Making its maiden venture into thermal power generation, state-owned iron ore miner NMDC will set up a 500-MW power plant at UP`s Gonda.

Rashtriya Ispat asks NMDC to join Rs 2K-cr STML project

Last Updated: Thursday, August 15, 2013, 16:33

The reasons for BHEL's reluctance could not be immediately gathered.

NMDC's Legacy Iron cancels AUD 25 million rights issue

Last Updated: Tuesday, August 13, 2013, 15:57

Legacy Iron Ore, the Australian arm of state-owned NMDC, has cancelled its rights issue citing 'weak market' conditions.

Wind project started without forest nod cost NMDC Rs 79 crore

Last Updated: Friday, August 9, 2013, 21:59

A wind mill project that was started without forest clearance cost NMDC, the country's top iron more miner, Rs 78.75 crore due to idle investment and non-realisation of revenue, the government auditor has said.

NMDC Q1 net down 17.51% at Rs 1,572 cr

Last Updated: Wednesday, August 7, 2013, 17:26

Iron ore miner NMDC on Wednesday reported 17.51 percent dip in net profit to Rs 1,572 crore for the April-June quarter due to lower realisation as a result of subdued price of the steel-making raw material.