NMDC announced that prices of iron ore w.e.f. 06 January 2021 has been fixed as under:

i) Lump Ore (65.5%, 6-40mm) @ Rs. 5,700 per ton
ii) Fines (64%, -10mm) @ Rs. 4,810 per ton

Note: The above FOR prices are excluding Royalty, DMF, NMET, Gess, Forest Permit Fee and other taxes.

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The company said its iron ore production increased 23.3% to 3.86 million tonnes (MT) in December 2020 from 3.13 MT in December 2019. Its iron ore sales climbed 19.08% to 3.62 MT in December 2020 from 3.04 MT in December 2019.

Sequentially, NMDC's production increased nearly 16.27% while sales rose almost 9.7% in December 2020 over November 2020.

The scrip has gained 5.46% in two sessions from its recent closing low of Rs 114.40 recorded on 31 December 2020.

In the past three months, the stock has surged 45.76% while the benchmark S&P BSE Sensex has added 23.50% during the same period.

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 on 30 September 2020, Government of India held 69.65% stake in the company.

On a standalone basis, the state-run miner's net profit rose 10% to to Rs 773.66 crore on 0.5% decline in net sales to Rs 2,229.89 crore in Q2 September 2020 over Q2 September 2019.

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The company's iron ore sales climbed 19.08% to 3.62 MT in December 2020 from 3.04 MT in December 2019.

Sequentially, NMDC's production increased nearly 16.27% while sales rose almost 9.7% in December 2020 over November 2020.

Shares of NMDC rose 1.7% to Rs 116.35 on Friday. The announcement was made after market hours on Friday, 1 January 2021.

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 on 30 September 2020, Government of India held 69.65% stake in the company.

On a standalone basis, the state-run miner's net profit rose 10% to to Rs 773.66 crore on 0.5% decline in net sales to Rs 2,229.89 crore in Q2 September 2020 over Q2 September 2019.

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NMDC has achieved total iron ore production of 3.86 million tones in month of December 2020 compared to 3.13 million tonnes in December 2019. The company recorded iron ore sales of 3.62 million tonnes in December 2020 compared to 3.04 million tonnes in December 2019.

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