NMDC has slashed prices of lump ore by Rs 750 a tonne and fines by Rs 200 per tonne, with effective November 30, 2021. The company has revised the rates of lump ore or higher grade ore to Rs 5,200 a tonne. The price of lump ore or low-grade ore has been fixed at Rs 4,560 per tonne.
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.