Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
State-owned NMDC on Wednesday posted a 62% rise in consolidated net profit to ₹1,469.73 crore in the December quarter, pushed by higher income.
It had clocked a net profit of ₹903.89 crore in the year-ago period, the mining company said in an exchange filing.
The company's total income surged to ₹5,746.47 crore over ₹3,924.75 crore a year ago.
NMDC's expenses stood at ₹3,516.78 crore in the third quarter of the current fiscal as against ₹2,693.01 crore a year ago.
The board of the company has also approved an interim dividend of ₹5.75 per equity share for 2023-24 and fixed February 27 as the record date for the purpose.
NMDC, under the Ministry of Steel, is India's largest iron ore mining company contributing to around 20 per cent of the country's demand for the key steel making raw material.
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