NMDC cuts prices of iron ore lumps by INR 1,000/tn, ore fines by INR 850/tn
This story was originally published at 13:11 IST on 9 January 2026
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--NMDC fixes iron ore lump prices at INR 4,600 per tn from Fri
--NMDC fixes iron ore fines prices at INR 3,900 per tn from Fri
--NMDC cuts iron ore lump prices by INR 1,000/tn, fines prices by INR 850/tn
MUMBAI – NMDC Ltd. Friday said it cut prices of Baila iron ore lump by INR 1,000 to INR 4,600 per tonne from INR 5,600 per tonne in November. The company also cut prices of Baila iron ore fines by INR 850 to INR 3,900 per tonne from INR 4,750 per tonne in November. The revised prices are effective from Friday, NMDC said in an exchange filing.
NMDC reported a net profit of INR 16.94 billion for the September quarter on a revenue of INR 62.61 billion. At 1250 IST, shares of the company traded at INR 80.32 on the National Stock Exchange, down 1.5% from Thursday. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Ashvita Chalke
Edited by Nishant Maher
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