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20 Apr, 2010
Naxal hits to pull NMDC net down by Rs 1,000 cr
When the country's largest iron ore producer, NMDC, declares its financial results for 2009-2010, it will report a Rs 1,000-crore drop in net profit. Not on account of last year's slowdown, but Naxalite attacks.
Source: Rediff.com
Click here for the full article.20 Apr, 2010
NMDC readying team to evaluate buyouts
Setting up a panel of merchant bankers; has Rs4,500 crore for acquisitions.
Source: DNA Money
Click here for the full article.19 Apr, 2010
Corporate | NMDC plans to invest Rs1,000 crore in JVs
NMDC, in which the government sold an 8.38% stake last month for about Rs9,930 crore, aims to benefit from the rising prices for coal and iron ore, the key steelmaking raw materials; Singapore state investment company Temasek Holdings Pte Ltd agreed last week to invest in GMR Energy to help expand power capacity more than eightfold; With this, India has seen 22 private equity deals above Rs100 crore since January
Source: Livemint.com
Click here for the full article.19 Apr, 2010
NMDC readies Rs 1k cr for JVs
NMDC Ltd, Asia's third-largest iron ore miner, plans to invest as much as Rs 1,000 crore ($224 million) to form ventures in.....
Source: The Financial Express
Click here for the full article.10 Apr, 2010
China ore curb to hit Sesa Goa but help NMDC
On Thursday, China's iron ore trading association banned its members from importing ores with less than 60% iron content, but the ban did not apply to steel mills and their licensed agents.
Source: DNA Money
Click here for the full article.09 Apr, 2010
Tata, NMDC set to build steel plants
The companies had signed a memorandum of association on January 22 for a possible strategic alliance.
Source: DNA Money
Click here for the full article.07 Apr, 2010
NMDC recovers on buzz it may move to quarterly pricing of iron ore
NMDC rose 2.41% to Rs 310.50 at 11:46 IST on BSE o......
Source: NDTVPROFIT.com
Click here for the full article.06 Apr, 2010
NMDC hikes ore prices; another increase likely
National Mining and Development Corporation (NMDC) has, in a communiqué to steel companies, said that the recent round of price hikes are only "provisional" and that a final price will be announced
Source: The Hindu Business Line
Click here for the full article.05 Apr, 2010
NMDC price hike foxes steel producers
State-owned iron ore miner NMDC, which on Saturday hinted at a 34-56% hike in its base price, has left non-integrated...
Source: The Financial Express
Click here for the full article.05 Apr, 2010
NMDC price hike leaves steel companies guessing
The country's state-owned iron ore miner NMDC, which on Saturday hinted a rise of 34% to 56% in its base price, has left the non-integrated steel manufacturers in a state of fix.
Source: The Financial Express
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