Team News Riveting
Mumbai, May 12
The National Mineral Development Corporation (NMDC) has raised the prices of lump ore to Rs 7650 per tonne and prices of fines to Rs 6560 per tonne.
In a filing to the BSE, NMDC said it fixed the price of lumps or high-grade iron ore at Rs 7650 per tonne, and that of iron ore fines or inferior grade ore at Rs 6560 a tonne. The revised prices exclude royalty, District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee, and other taxes, the company said.
The price would come into effect from today, May 12, the company said.
The company’s performance in the recently concluded fiscal has been outstanding. Despite COVID-19 induced complications, NMDC registered 8 per cent growth in production while its sales surged by 6 per cent.
The company produced 34.11 million tonne (MT) of iron ore in the financial year 2020-21 and sold 33.27 MT of steel making raw material during the period.
