India–US Trade Tensions Rise Over Steel and Auto Tariffs 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.
Also Read : SJVN Green Energy, J&K Power Corporation ink pact for 300 MW power supply NMDC's iron ore output declines 37% in May; sales fall 22%
Jindal Stainless Powers Bangalore Metro Phase 2 with High-Performance Stainless Steel Jindal Stainl...
Automobiles 11-Sep-2025
RASHTRIYA ISPAT NIGAM LIMITED (RINL), an Indian government-run steel producer, produced 419,000 mill...
Mid Corporate 09-May-2024
Factory Activity Slows – India’s manufacturing growth dipped to a 14-month low in Februa...
Business 03-Mar-2025
Odisha approves ₹1.65 lakh crore in investments across sectors. Steel and metal industries remain t...
Business 15-Apr-2025
Jindal Steel International has exited the bidding process for Italy’s Ilva steel plant in Tara...
India 29-Sep-2025
Central Coalfields (CCL), a subsidiary of Coal India, is considering a joint venture (JV) with the J...
Large Corporate 22-Jan-2024