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Business Standard

Dividend dash! NMDC, Container Corp, Dixon Tech, 47 others go ex-date today

A dividend is a portion of a company's profit distributed to its shareholders, usually quarterly or annually, as a reward for investing in the company. Here is the full list of stocks that will trade

The Economic Times

These 38 stocks will trade ex-dividend from tomorrow. Do you own any?

NMDC and 38 other companies have set September 17 as the record date to determine shareholders eligible for dividend payments. Today is the last day to buy shares of these companies to qualify for dividends. Investors must purchase shares at least one day before the ex-date to be eligible for dividends.

Business Standard

NMDC stock climbs as co targets 100 MT production capacity by 2030

The company's transition from 45 MT to 100 MT by 2030 is ambitious yet rooted in sustainability and innovation, said Amitava Mukherjee, the company's CMD

The Economic Times

NMDC plans to double iron ore output to 100 million tonne by 2030

State-owned miner NMDC plans to double its iron ore production to 100 million tonnes per year by 2030, up from 45 million tonnes in 2023-24. The expansion is driven by growing demand and includes developing advanced infrastructure and processing plants. NMDC also explores opportunities in critical minerals like lithium and cobalt through its subsidiary.

The Economic Times

NMDC exploring mining opportunities for critical minerals overseas

NMDC, India's largest iron ore miner, is exploring mining opportunities for critical minerals like lithium in Australia. The company aims to nearly double its production capacity to 100 million tonnes by 2030. Key initiatives include advanced slurry pipelines and beneficiation plants, focusing on sustainable growth and reducing environmental impact.

Business Standard

These 5 BSE A-group stocks look weak on charts; can slide up to 17%

NMDC Steel, Network18 and Trident among 5 BSE A-group stocks that can fall up to 17%, suggest technical charts.

CNBC TV18

Analysts suggest buying HAL, UPL, Hero Moto and selling NMDC, Polycab

On Wednesday, market tech analysts Aditya Agarwala, Soni Patnaik, and Shilpa Rout recommended these stocks for the short term.

Business Line

Maoists activities, market fluctuations hamper NMDC’s expansion plans

Company plans to increase production to 67 mt in 2-3 years, and to around 100 mt in 2030

Mint

Stocks to Watch: ICICI Bank, Vedanta, Yatra Online, IREDA, NMDC, HAL and more

Here’s a quick look at stocks likely to be in focus in today's trade.

Business Standard

NMDC reports 9.9% drop in iron ore production at 3.07 mn tonnes in August

Country's largest iron ore miner NMDC on Monday reported a 9.9 per cent drop in production of iron ore at 3.07 million tonnes (MT) in August. The company had produced 3.41 MT of iron ore in the corresponding month of the previous fiscal, NMDC said in a regulatory filing. The company's sales also declined to 3.14 million tonnes in August this year, from 3.54 MT in the corresponding month of previous fiscal. The company's cumulative iron ore output fell to 14.43 MT in April-August 2024, from 16.56 MT in the year-ago period. Sales dropped to 16.27 MT in April-August period, from 17.43 MT in the corresponding period of previous fiscal.

CNBC TV18

Vedanta, Medi Assist, Adani Green, Matrimony and more: Top stocks to watch out for on September 3

stocks to watch, Vedanta, Medi Assist, Adani Green, Matrimony.com, Welspun Corp, NMDC, Maruti Suzuki, IEX and more, these are the stocks to watch for today.

CNBC TV18

NMDC August Update: India’s largest iron ore miner reports drop in production, sales

NMDC August Update: The company reported a 10% YoY decline in its iron ore production for August 2024 and an 11.3% fall in sales. Shares of NMDC Ltd ended at ₹216.40, down by ₹6.35, or 2.85%, on the BSE.

The Economic Times

Top 5 stocks with short buildup: NMDC, Hindustan Copper lead the list

This indicates that more traders are expecting the prices to decline and are creating short positions. In Monday's trading session, five stocks saw fresh short positions being built.

The Economic Times

Chhattisgarh district imposes Rs 1,620 crore penalty on NMDC, miner contests levy

Chhattisgarh's Dantewada administration has fined the National Mineral Development Corporation (NMDC) Rs 1,620.5 crore for alleged mining law violations. The NMDC claims the penalties, related to the transport of iron ore, are inappropriate and unconsidered. The company asserts it has all necessary clearances and will submit a suitable response.

Business Standard

Dantewada administration imposes Rs 1,620.5 cr fine on NMDC for violations

The administration in Chhattisgarh's Dantewada district has imposed a penalty of Rs 1,620.5 crore on the National Mineral Development Corporation (NMDC), a central PSU, for alleged violation of mining laws, officials said on Saturday. The NMDC has termed the move "completely inappropriate" and claimed the penalty was imposed "solely and blindly without considering the facts and circumstances in the case". The NMDC has mining operations in Bailadila hills in Kirandul and the Bacheli area of Dantewada in the Bastar region. In a letter dated August 29, Dantewada collector Mayank Chaturvedi directed the NMDC to deposit the penalty amount within 15 days. The letter stated that iron ore mining leases have been approved for Deposit No. 14 ML in an area of 322.368 hectares, Deposit No. 14 NMZ in 506.742 hectares, and Deposit No. 11 in 874.924 hectares in Kirandul village under Bacheli tehsil of Dantewada to the NMDC. The collector wrote that the NMDC's clarifications to the show cause not

Mint

NMDC powers projects for better management to achieve 100 MT capacity

With the revamped delegation and its subsequent modifications, the company aims to fast-track the implementation of the various infrastructure and capacity-building projects in the forthcoming period

Business Standard

NMDC Steel's hot rolled coil production hits 1 MT-mark within a year

State-owned NMDC Steel Limited (NSL) on Wednesday announced producing 1 million tonnes of hot rolled coil (HRC) at its plant in Nagarnar, Chhattisgarh in a year's time. NMDC Steel Ltd, an entity demerged and formed from mining firm NMDC, owns and operates the 3 million-tonne Nagar Steel Plant -- referred as India's youngest steel unit -- and has been set up with an investment of around Rs 23,000 crore. "NSL announces a landmark achievement of its production capabilities. Today, this ultra-modern plant has successfully produced 1 MT HRC four days ahead of the first anniversary of commencement of HR coil production," the company said in a statement. On July 21, 2024, the company had achieved the production of 1.5 MT of hot metal from its blast furnace and produced 1 MT of liquid steel from the steel making shop (SMS) on August 11. Both milestones were reached in less than a year from the commencement of production, the company said. The company's CMD Amitava Mukherjee said, "Achievi

Business Standard

Retrospective taxes set to cost mining industry Rs 1.5 trillion in arrears

Nifty Metal index dropped by 2.4%, and key players like NMDC, Hindustan Copper, and JSW Steel saw their shares fall between 2% and 6% following the SC judgment on Wednesday

Mint

NMDC, Tata Steel, and six other mining stocks tumble up to 6%. Here's why

The Supreme Court's ruling allows states to levy taxes on mines and mineral-bearing lands and states that royalty on minerals is not a tax. This could increase financial burdens on mining companies and lead to litigation.

Mint

Metal stocks tumble amidst broader market gains, Vedanta's Hindustan Zinc stake sale adds to sector woes. Check list

Metal stocks took a hit despite broader market gains, with major players like NMDC, Ratnamani Metals, and Hindustan Copper experiencing sharp declines. Vedanta's decision to offload a stake in Hindustan Zinc also contributed to the decline in sectoral stocks.

Business Line

Metal stocks plunge as Supreme Court allows states to collect dues, levy tax

Tata Steel, NMDC and Vedanta stocks hit

The Economic Times

Tata Steel, NMDC among 5 stocks with short buildup

This indicates that more traders are anticipating a price decline and are therefore creating short positions.

Business Line

NMDC profit up 20% in q1

NMDC is aiming for 50 MnT production by FY25, says CMD Amitava Mukherjee

Business Standard

NMDC Q1 results: Net profit up 20% at Rs 1,984 cr on higher prices

Profit for the country's largest state-owned iron ore miner swelled 20% from a year earlier to Rs 1,984 crore (about $236 million) for the three months ended June 30

Mint

Q1 Results Today: Vodafone Idea, Happiest Minds, NCC, NMDC among 528 companies to post earnings on August 12

Q1 Results Today: Indian investors brace for a data deluge as over 500 companies, spanning various sectors, are set to release their first-quarter earnings today.

Business Line

Incred predicts surge in steel sector, NMDC and pellet stocks in focus

Incred projects sustained high premiums for pellets, bolstering profitability for iron ore miners and pellet manufacturers