SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

NMDC cuts high grade iron ore prices by 5.5%

05 Jul 2016 Evaluate

NMDC, the country’s top iron ore miner, has cut down prices for high-grade ore by 5.5 percent to Rs 1,700 per tonne as compared to the previous month. The prices of iron ore with effect from July 3, 2016 has been fixed for lump ore. However, prices of low-grade iron ore remain unchanged at Rs 1,460. 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.



NMDC Share Price

89.78 2.60 (2.98%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×