Shares of NMDC rose 0.61% to Rs 139.25 after the state-owned miner s iron ore sales climbed 51.11% to 4.08 million tonnes (MT) in March 2021 from 2.70 MT in March 2020.NMDC s iron ore production jumped 65.57% to 4.57 million tonnes (MT) in March 2021 from 2.76 MT in March 2020.
Sequentially, NMDC s production rose 18.39% while sales rose 25.54% in March 2021 over February 2021.
Meanwhile, the PSU mining company on Saturday announced an increase in lump ore prices by Rs 500, or 9.35%, to Rs 5,850 per tonne on 3 April 2021 from Rs 5,350 per tonne set on 21 March 2021.
Prices of fines were hiked by Rs 250, or 5.8%, to Rs 4560 per tonne on 3 April 2021 from Rs 4,310 per tonne set on 21 March 2021.
Read more about NMDC rises on declaring interim dividend of Rs 7.76 per share on Business Standard. NMDC added 1.92% to Rs 135.05 the state-run miner said its board declared a second interim dividend of Rs 7.76 per share for the financial year 2020-21.
Read more about NMDC board to consider interim dividend on March 11 on Business Standard. The board of NMDC will meet on Thursday, 11 March 2021, to consider interim dividend for the financial year 2020-21.
Read more about NMDC shines on higher production, offtake in February on Business Standard. Shares of NMDC rose 0.84% to Rs 132.70 after the state-owned miner reported a rise in production and offtake numbers of iron ore in February 2021 over February 2020.
Read more about NMDC shines on restarted operations at Donimalai mine on Business Standard. NMDC advanced 2.04% to Rs 122.40 after the state-run firm said that its Donimalai iron ore mine has restarted operations.