NMDC raises iron ore prices by over 18% since August

25 Oct 2024 CW Team

NMDC recently announced a price increase for its iron ore, effective from October 23, according to a notification. Since August, the price of lump ore has risen by 18.69 per cent, with a 10.43 per cent increase in October alone, bringing the current price to Rs 6,350 per tonne.

Fines have also experienced a price rise of 17.35 per cent since August and nearly 8 per cent in October, now standing at Rs 5,410 per tonne.

On October 1, NMDC had revised prices, setting lump ore at Rs 15,750 per tonne and fines at Rs 5,010 per tonne. The recent adjustment indicates an additional 10.4 per cent increase for lump ore and a 7.99 per cent rise for fines in just three weeks.

As of August 7, the price of lump ore was Rs 5,350 per tonne, while fines were priced at Rs 4,610 per tonne.

These price adjustments include royalties, District Mineral Foundation (DMF) charges, and National Mineral Exploration Trust (NMET) fees. However, they do not cover cess, forest permit fees, GST, and other taxes.

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..