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NMDC slashes prices of higher grade iron ore

04 Mar 2013 Evaluate

Sate-owned miner NMDC has slashed prices of higher grade iron ore (lumps) by about 2.5% for the month of March. This is the fourth reduction in price since October and with this initiative, company aims to increase its declining sales. However, the company has not changed the prices of iron ore fines (lower grade) for March.

State run company’s sales had dipped over 27% at Rs 2,047 crore and profit by over 30% at Rs 1,293 crore during the October-December quarter.

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
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