State-owned mining main NMDC elevated iron costs by ₹250 per tonne for the lump ore selection and by ₹350 for the same amount of fines with impact from May 28.
Post the revision, lump ore prices ₹6,450 per tonne and fines ₹5,610, India’s largest iron ore producer stated in a submitting on Tuesday.
It is for the second month consecutively NMDC had elevated the costs. In the earlier revision, efficient April 27, lump ore costs have been fastened at ₹6,200 per tonne and that of fines at ₹5,260 for an identical quantity. Compared to costs prevailing since March 21, final month’s change translated into a rise of ₹400 and ₹200 respectively.
These are FOR costs and inclusive of royalty, DMF, NMET and unique of cess, forest allow price, transit Fee, GST, setting cess and different taxes.
This autumn web slumps 38%
The new iron ore costs have been introduced a day after NMDC reported consolidated web revenue for the quarter ended March slumped virtually 38% to ₹1,415.62 crore (₹2,276.94 crore) on a greater than 18% enhance in whole earnings to ₹6,908.37 crore (₹5,842.52 crore). Total bills, nevertheless, have been 19% extra at ₹4,519.64 crore (₹3,794.18 crore).
For 2023-24, the consolidated web revenue rose a tad to ₹5,571.25 (₹5,537.72 crore) on a 23% enhance in whole earnings to ₹22,678.73 crore (₹18,435.10 crore). Total expenditure rose 20% to ₹14,443.92 crore (₹12,025.76 crore).
Declares ₹1.50 dividend
NMDC has declared a ultimate dividend of ₹1.50 per share (face worth of ₹1 every) for 2023-24. This is along with an interim dividend of ₹5.75 declared and paid throughout the fiscal, it stated. The authorities of India holds 60.79% stake within the mining main.
