NMDC has reduced Lump Ore prices by Rs 200 per tonne to Rs 1800 per tonne with effect from June 2, 2016. The company has also reduced Fines prices by Rs 200 per tonne to Rs 1460 per tonne for June. These prices exclude royalty, DMF, NMET, cess, forest permit fee etc.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.