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.
Australian High Commissioner Barry OâFarrell (Source: Twitter)
Australian High Commissioner to India Barry O Farrell AO recently led a delegation and visited the Government of India-owned National Mineral Development Corporation (NMDC) to meet with the mining sector behemoth s chairman and managing director Sumit Deb, reports
Hindu Businessline.
The Australian delegation included Sarah Kirlew, Australia s Consul General (South India), and Percy Bell, Australia s Minister-Counsellor (Economic) among others. The delegation took over discussions on how Australia could be of NMDCâs interest in critical and strategic mining activities. The delegation and NMDC also engaged and dwelled upon mutual cooperation and investment opportunities in mining in Australia.
MUMBAI: State-owned
NMDC has announced a dividend of Rs 7.76 per equity share, the company’s board approved Thursday.
“The Board of Directors of the Company at its meeting held on 11th March 2021, inter alia, declared interim dividend at the rate of Rs.7.76 (Rupees Seven and Seventy-Six Poise Only) per equity share of the face value of Re. 1 /- each for the financial year 2020-21,” the company said in a BSE Filing.
The interim dividend shall be paid as per the provisions of the Companies Act, 2013.
This comes at a time when the country is facing an acute shortage of iron ore due to reduced production from mining companies in Odisha and logistical issues due to the pandemic-led lockdown. The prices of iron ore globally surged to a nearly 10-year high and went up by around 63 per cent in India.
Australian diplomat visits NMDC office
Updated:
Updated:
Share Article
Australian High Commissioner to India Barry O’Farrell interacting with NMDC officials on Thursday.
The Australian High Commissioner to India Barry O’Farrell visited National Mineral Development Corporation headquarters here on Thursday to discuss how Australia could play a critical and strategic role in mining activities of the Navaratna company.
He was accompnaied by Ms Sarah Kirlew, Consul General (South India) and Mr Percy Bell, Minister-Counsellor (Economic). They met Sumit Deb, chairman and managing director of NMDC, Mr. Amitava Mukherjee, Director (Finance), Mr. Alok Mehta, Director (Commercial) and Mr. Somnath Nandi, Director (Technical). A release said the two sides also discussed mutual cooperation and investment opportunities in mining in Australia.
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.