NMDC: July production up 37.3 per cent YoY

Government of controlled mineral producer, NMDC Limited published prices of iron ore with effect from August 3, 2019 in a stock exchange filing on Friday.

NMDC has fixed the prices of iron ore with effect from August 03, 2019. The price of Lump Ore has been fixed at Rs 3,100 per ton, while the price of Fines has been fixed at Rs 2,860 per ton. The above for prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes.

The company also stated its production and sales data in a different filing. Its production and sales data for the month of July which was more than 37 per cent higher in comparison to the same last year. Its production for the July month of 2019 stood at 1.95 million tons as against 1.42 million tons last year. It logged a sales volume of 2.41 MT in the month under review.

NMDC is a state-controlled mineral producer of the government of India. It is fully-owned by the Government of India and is under the administrative control of the Ministry of Steel.

At 15:20 hours on Friday, the stock of NMDC was at Rs. 102.65 per share, lower by 1.90 per cent on BSE.