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  1. NMDC shares slip nearly 4% after slashing iron ore lumps, fines prices; all you need to know

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NMDC shares slip nearly 4% after slashing iron ore lumps, fines prices; all you need to know

Upstox

2 min read | Updated on October 23, 2025, 12:16 IST

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SUMMARY

NMDC share price: Earlier, the company’s iron ore lump price stood at ₹6,100 per tonne, while fines were at ₹5,250 per tonne.

Stock list

NMDC Ltd

NMDC has a total market capitalisation of ₹64,725.36 crore, as of October 23, 2025, according to data on the NSE. | Image: Shutterstock

NMDC share price: Shares of NMDC declined as much as 3.61% to an intra-day low of ₹72.88 apiece on the National Stock Exchange (NSE) on Thursday, October 23, a day after it cut the prices of its iron ore lumps and fines.
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As of 12:02 pm, the stock was trading 2.38% lower at ₹73.81 per equity share.

This comes after the PSU slashed prices of iron ore lump and its fines by ₹550 and ₹500 per tonne, respectively, with immediate effect on October 22.

The firm under the Ministry of Steel fixed the prices of balia lump or lump ore at ₹5,550 per tonne and balia fines at ₹4,750 per tonne, it said in a regulatory filing.

Earlier, the iron ore lump price stood at ₹6,100 per tonne, while fines were at ₹5,250 per tonne.

Lump ores or high-grade iron ores contain 65.5% iron content, while fines are inferior-grade ores with 64% or less iron content.

The country’s largest iron ore miner said that the prices are free on rail (FOR) and include royalty, DMF, NMET, but exclude cess, forest permit fee, transit fee, GST, environmental cess, and other taxes.

NMDC monthly business update

In September, the company produced 3.75 million tonnes (MT) of iron ore in total, marking a 23.35% year-on-year (YoY) jump from 3.04 MT in the same month of FY25.

For September of FY26, NMDC’s Chhattisgarh iron ore production advanced 31.75% YoY to 2.49 MT, as against 1.89 MT in September FY25. Whereas, its Karnataka-based production grew 9.56% to 1.26 MT from 1.15 MT.

Its total sales for the month surged 9.6% YoY to 3.88 MT for September 2025, compared to 3.54 MT in September 2024.

During the month under review, the PSU’s Chhattisgarh sales stood at 2.58 MT, up 11.21% YoY from 2.32 MT in the same month of FY25. Meanwhile, its Karnataka iron ore sales rose 6.56% YoY to 1.30 MT, as against 1.22 MT in the year-ago period.

NMDC has a total market capitalisation of ₹64,725.36 crore, as of October 23, 2025, according to data on the NSE.

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Upstox
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