NMDC has reduced prices of ore lumps and fines by Rs 400 per tonne. The company has reduced the price of lumps or high-grade iron ore by Rs 400 to Rs 2,250 per tonne. The price of iron ore fines, which are inferior grade ore, has also been reduced by Rs 400 to Rs 1,960 per tonne.
The revised prices exclude royalty, District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee, and other taxes. The new rates are effective from May 9. This is the fifth price revision by the company in 2020.
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.
| Company Name | CMP |
|---|---|
| Coal India | 444.60 |
| NMDC | 88.77 |
| GMDC | 687.60 |
| Sandur Manganese | 213.90 |
| MOIL | 327.35 |
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