NMDC Ltd

NMDC announced that the additional charge of the post of Director (Finance), NMDC Steel is assigned to Priyadarshini Gaddam, Director (Personnel), NMDC Steel for an initial period of 3 months w.e.f. 06 March 2025 or till further orders, whichever is earlier.Powered by Capital Market - Live

However, the company's iron ore sales jumped 6.31% to 4.21 MT in March 2025, compared to 3.96 MT in March 2024. Iron ore production in the Chhattisgarh division tumbled 42.09% YoY to 2.49 MT in March 2025, while sales declined 18.81% to 2.72 MT, compared to 3.35 MT in March 2024. On the other hand, the Karnataka division saw an 89.29% YoY increase in production, reaching 1.06 MT in March 2025. Sales surged 144.26% to 1.49 MT in March 2025, compared to 0.61 MT in March 2024. The company's cumulative production for the year up to March 2025 reached 44.04 MT, reflecting a decline of 2.18% compared to the same period last year, while sales for the same period stood at 44.40 MT, marking a slight decrease of 0.18% compared to the previous year. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of December 2024, the Government of India held a 60.79% stake in the firm. The company's consolidated net profit (from continuing operations) jumped 29.04% to Rs 1,896.99 crore in Q3 FY25 as compared with Rs 1,470.09 crore in Q3 FY24. Revenue from operations increased 21.4% YoY to Rs 6,567.83 crore in Q3 FY25. The scrip rose 0.09% to Rs 69.81 on the BSE.Powered by Capital Market - Live

NMDC Ltd gained 2.49% today to trade at Rs 66.58. The BSE Metal index is up 1.05% to quote at 30329.36. The index is up 9.8 % over last one month. Among the other constituents of the index, National Aluminium Company Ltd increased 2.27% and Hindalco Industries Ltd added 2.03% on the day. The BSE Metal index went up 11.09 % over last one year compared to the 2.53% surge in benchmark SENSEX. NMDC Ltd has added 7.61% over last one month compared to 9.8% gain in BSE Metal index and 1.78% drop in the SENSEX. On the BSE, 1.51 lakh shares were traded in the counter so far compared with average daily volumes of 8.27 lakh shares in the past one month. The stock hit a record high of Rs 95.45 on 21 May 2024. The stock hit a 52-week low of Rs 59.7 on 13 Jan 2025.Powered by Capital Market - Live

NMDC announced that the Board of Directors of the Company at its meeting held on 17 March 2025, inter alia, have recommended the 1st interim dividend of Rs 2.3 per equity Share (i.e. 230%) , subject to the approval of the shareholders.Powered by Capital Market - Live

NMDC has fixed 21 March 2025 as record date for payment of first interim dividend of Rs 2.30 per equity share of face value of Re 1 each for FY 2024-25. Powered by Capital Market - Live

NMDC will hold a meeting of the Board of Directors of the Company on 17 March 2025.Powered by Capital Market - Live

According to an exchange filing, his tenure will continue until his superannuation on 29 February 2028, or until further orders, whichever is earlier. Mukherjee has been with NMDC since November 2018, when he joined as Director (Finance). He had been serving as the additional charge of CMD since March 2023 before officially assuming the full role. Along with his new position at NMDC, Mukherjee also serves as the chairman of NMDC Steel and Legacy Iron Ore. A seasoned professional, Mukherjee is a cost accountant and a senior officer from the 1996 batch of the Indian Railway Accounts Services (IRAS). He has held various critical roles within the Government of India, contributing significantly to the country's industrial and economic development. Under his leadership, the company achieved a historic milestone by becoming the first iron ore mining company in India to surpass 45 million tonnes of output in FY24. The company also recorded its highest-ever turnover and net worth in its history. Additionally, Mukherjee has overseen the adoption of cutting-edge digital and technical infrastructure and has resumed operations at the only mechanized diamond mine in the country. He has played a defining role in the commissioning of the NMDC Steel Plant, which now stands tall as the pride of Bastar. Led by him, the company has made inroads into gold mining in Australia and laid out a visionary international expansion blueprint aimed at becoming a global mining powerhouse. Shri Mukherjee has been instrumental in executing key investment strategies, bolstering financial discipline, and driving NMDC towards a future of responsible mining. With him at the helm of affairs, the Navratna company is foraying towards the ambitious goal of building a mining capacity of 100 million tonnes by 2030. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of December 2024, the Government of India held a 60.79% stake in the firm. The company's consolidated net profit (from continuing operations) jumped 29.04% to Rs 1,896.99 crore in Q3 FY25 as compared with Rs 1,470.09 crore in Q3 FY24. Revenue from operations increased 21.4% YoY to Rs 6,567.83 crore in Q3 FY25. The scrip rose 0.63% to Rs 67.36 on the BSE. Powered by Capital Market - Live

However, the company's iron ore sales slightly declined to 3.98 MT in February 2025, compared to 3.99 MT in February 2024. Iron ore production in the Chhattisgarh division declined by 1.17% YoY to 3.37 MT in February 2025, while sales increased marginally to 2.79 MT in February 2025, compared to 2.78 MT in February 2024. However, the Karnataka division witnessed a 145.09% YoY increase in production to 1.25 MT in February 2025. While 1.65% YoY decreased in sales volume to 1.19 MT in February 2025. The company's cumulative production for the year up to February 2025 reached 40.49 MT, reflecting a slight increase of 0.62% compared to the same period last year, while sales for the same period stood at 40.20 MT, marking a slight decrease of 0.69% compared to the previous year. NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of December 2024, the Government of India held a 60.79% stake in the firm. The company's consolidated net profit (from continuing operations) jumped 29.04% to Rs 1,896.99 crore in Q3 FY25 as compared with Rs 1,470.09 crore in Q3 FY24. Revenue from operations increased 21.4% YoY to Rs 6,567.83 crore in Q3 FY25. The scrip declined 1.06% to Rs 61.86 on the BSE. Powered by Capital Market - Live

NMDC Ltd rose for a fifth straight session today. The stock is quoting at Rs 67.65, up 0.79% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 22810.7. The Sensex is at 75366.78, down 0.49%. NMDC Ltd has added around 2.98% in last one month. Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has added around 1.94% in last one month and is currently quoting at 8523, up 1.31% on the day. The volume in the stock stood at 135.46 lakh shares today, compared to the daily average of 199.87 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 67.65, up 0.86% on the day. NMDC Ltd is down 15.09% in last one year as compared to a 2.67% gain in NIFTY and a 7% gain in the Nifty Metal index.The PE of the stock is 8.83 based on TTM earnings ending December 24.Powered by Capital Market - Live

NMDC Ltd is up for a third straight session in a row. The stock is quoting at Rs 64.6, up 2.43% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 22940.75. The Sensex is at 76034.18, up 0.09%. NMDC Ltd has dropped around 3.74% in last one month. Meanwhile, Nifty Metal index of which NMDC Ltd is a constituent, has dropped around 3.26% in last one month and is currently quoting at 8255.6, up 0.94% on the day. The volume in the stock stood at 100.46 lakh shares today, compared to the daily average of 208.51 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 64.78, up 2.71% on the day. NMDC Ltd is down 19.57% in last one year as compared to a 3.35% gain in NIFTY and a 4.74% gain in the Nifty Metal index.The PE of the stock is 8.29 based on TTM earnings ending December 24.Powered by Capital Market - Live