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NMDC reduces prices of ore lumps, fines by Rs 400 per tonne

13 May 2020 Evaluate

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.

Peers
Company Name CMP
Coal India 425.00
NMDC 73.80
Ashapura Minechem 491.45
Sandur Manganese 177.05
GMDC 487.05
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