NMDC To Ramp Up Iron Ore Output To Feed Steel Demand

NMDC To Ramp Up Iron Ore Output To Feed Steel Demand

Financial Express reported that to cater to the steel industry’s growing appetite for iron ore, state owned miner NMDC has decided to raise production capacity to 67 million tonnes per annum by 2021-22. The company is producing nearly 30 million tonnes of iron ore from three fully mechanised mines two in Chhattisgarh and one in Karnataka its homepage showed.

NMDC Alters Plan, Decides To Pay Hefty Dividend

NMDC Alters Plan, Decides To Pay Hefty Dividend

Ten days after the board of NMDC decided not to issue an interim dividend, the board met again on Monday to review its decision. This time it rewarded shareholders with a bumper dividend of 430 per cent or Rs 4.30, for each share of face value of Rs 1 for 2017-18.

NMDC Moves A Step Closer To Commissioning Coke Oven Battery

NMDC Moves A Step Closer To Commissioning Coke Oven Battery

NMDC has moved a step closer to commissioning the Coke Oven Battery at its upcoming three million tonne greenfield steel plant at Nagarnar by charging the Coal Handling System to initiate the commissioning of the coalroute of the plant’s raw material handling system.

NMDC Mulls Tungsten Mining

NMDC Mulls Tungsten Mining

From doubling its iron ore output in five years to seeking more diamond mines in Madhya Pradesh as well as planning a joint venture foray in Vietnam for tungsten mines, NMDC Ltd is pursuing a multiple-pronged growth strategy.

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