NMDC shares surge 5% after iron ore price hike; key details investors should know

The company, which is the country's largest iron ore producer, has increased the prices with effect from April 5, 2026.

As per the regulatory filing, the prices of Baila Lump—high-grade (65.5% Fe) iron ore lump produced by the company from the Bailadila mines in Chhattisgarh—have been increased by 10.4%.

While prices of Baila Fines—high-grade iron ore product (64 per cent Fe) sized below 10 mm sourced from the Bailadila sector mines in Chhattisgarh—the prices have been hiked up by 11.1%.

In a filing to the NSE, NMDC said that “the prices of iron ore w.e.f. 5th April 2026 have been fixed as under: Baila Lump (65.5 per cent, 10-40 mm)—₹5,300/- per tonne. Baila Fines (64 per cent, -10 mm) – ₹4,500/- per tonne."

The revised prices are on a free-on-rail (FOR) basis and exclude statutory levies such as royalty, District Mineral Foundation (DMF) charges, National Mineral Exploration Trust (NMET) contributions, GST, environmental cess, and other taxes, the filing said.

NMDC’s March production

NMDC had reported a record production of 53 million tonnes (MT) of ore in the just-concluded 2025-26 financial year. The company's total sales of iron ore, a key raw material for steel manufacturing, reached 50.23 MT.

The company's production was 21% higher compared to 44.07 MT in FY25, while sales grew 13% from 44.40 MT in 2024-25.

The PSU produced 5.35 million tonnes (MT) and sold 5.90 MT of iron ore in March.

The record output is driven by robust performance from NMDC's major iron ore mines -- Kirandul and Bacheli in Chhattisgarh and Donimalai in Karnataka – recording their best-ever performance in company history.

NMDC had said FY26 has also been a defining year of expansion and transformation for NMDC, with the inauguration of an international office in Dubai, the successful operationalisation of the first coal mine in Jharkhand and the commissioning of Deposit 4 at Bailadila in Chhattisgarh, further strengthening its production capabilities and diversification strategy.

NMDC share price

At 2 PM, NMDC shares were trading at ₹81.74 apiece on the National Stock Exchange, rising 4.69%.

Over a month’s time, the stock has gained over 2%, while it rose 7% in the last six months. On a year-on-year basis, NMDC shares have soared 33%.

Shares of the firm had hit a 52-week high of ₹86.72 on January 8, 2026, and a 52-week low of ₹59.53 on April 9, 2025.

The bank has a total market capitalisation of ₹71,635.73 crore, according to data on the NSE.