SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

NMDC's sale registers 8.5% growth in December 2012

18 Jan 2013 Evaluate

State-owned iron ore miner NMDC's sales registered 8.5% growth in December 2012 at 22.34 lakh tonnes against 20.59 lakh tonnes a year ago. However, for April-December period, company's sales were down by 13.47% to 180.38 lakh tonnes from 208.45 lakh tonnes in the corresponding period of the last fiscal.

In a bid to bring rates in line with the landed cost of the imported raw material, NMDC, earlier in January, slashed the price of iron ore lumps by 5.9% or Rs 320 a tonne for the current month. However, the company has kept the iron ore fine prices unchanged for the month of January.

Iron ore lumps and fines are two main variants of the raw material for steel-making, but most of the Indian steel makers use lumps for their operations in the absence of the necessary technology to use fined for iron making.

NMDC, India's top ore miner, accounts for about 15 per cent of iron ore mined in the country, with annual production capacity of 30 million tonnes.

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:

×