NMDC

** Shares of Indian iron ore producer NMDC NMDC.NS rise 1.9% to 85.88 rupees

** June provisional iron ore production rises to 5.15 MT from 3.57 MT a year earlier

** Iron ore sales in June rises to 3.98 MT from 3.58 MT last year

** Stock has ended higher in four of the last 10 trading sessions

** Stock trades at forward 12-months PE of 8.42 vs industry median of 15.06

** Eight of 21 brokerages rate the stock "buy" or higher, 4 "hold" and 9 "sell" or lower; their median PT is 87 rupees - LSEG

** YTD, stock up 3.3% vs 12.1% rise in Nifty Metal Index .NIFTYMET

(Reporting by Abhinav Parmar in Bengaluru)

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July 1 (Reuters) - NMDC Ltd NMDC.NS:

• JUNE PROVISIONAL IRON ORE SALES IS 3.98 MT

• JUNE PROVISIONAL IRON ORE PRODUCTION AT 5.15 MT

Source text: ID:nNSEbmXXBw

Further company coverage: NMDC.NS

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June 3 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - SETS IRON ORE PRICES EFFECTIVE 03 JUNE 2026: BAILA LUMP 5,700 RUPEES/T, BAILA FINES 4,850 RUPEES/T

Further company coverage: NMDC.NS

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** India's state-owned iron ore major NMDC's NMDC.NS shares rise 4.6% to 96.6 rupees, their highest since March 2010

** Company's fourth-quarter net profit rises 37.2% Y/Y; revenue from operations jumps 61.9%

** Total iron ore production rises about 20% Y/Y in May to 5.31 MT

** Brokerage Kotak Institutional Equities upgrades rating to "add" and raises TP to 100 rupees

** "We expect growth to remain robust on strong demand, new mines, and increased evacuation capacity," Kotak says

** Centrum Broking stays cautious despite a healthy volume growth outlook, citing range-bound iron ore prices and rising capex; reiterates "neutral" rating, raises TP to 88 rupees

** Ambit Capital warns that NMDC's diversification into coking coal, thermal coal, and rare earths carries significant execution and capital allocation risks; maintains a cautious stance despite near-term strength

** YTD, stock up 15.3% vs 21.5% rise in Nifty Metals Index .NIFTYMET

(Reporting by Abhinav Parmar in Bengaluru)

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May 29 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC MARCH-QUARTER CONSOL NET PROFIT 20.27 BILLION RUPEES

• NMDC MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 113.43 BILLION RUPEES

• NMDC - DECLARES DIVIDEND OF 1 RUPEE PER SHARE

Source text: [ID:]

Further company coverage: NMDC.NS

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May 6 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - SETS BAILA LUMP PRICE AT 5,500 RUPEES PER TON

• NMDC - SETS BAILA FINES PRICE AT 4,700 RUPEES PER TON

Source text: ID:nNSE9sDCT

Further company coverage: NMDC.NS

(([email protected];))

** Shares of NMDC NMDC.NS climb 3.6% to 80.85 rupees

** Top pct gainer on Nifty metals .NIFTYMET index, which is up 0.3%

** Miner hikes prices of iron ore lump and fine by 500 rupees ($5.39) and 450 rupees/ton, respectively, to 5,300 rupees/ton and 4,500 rupees/ton

** Hike driven by sharp increase in domestic steel prices, with trend expected to support improved revenue and profitability for NMDC, says ICICI Direct Research

** Brokerage maintains a positive long-term outlook for NMDC, supported by strong iron ore demand and ongoing capacity expansion

** Avg rating of 17 analysts on NMDC at "hold"; median PT is 84.50 rupees - data compiled by LSEG

YTD, NMDC down 2.8% vs .NIFTYMET's 2.8% climb

($1 = 92.8350 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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April 1 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - MARCH 2026 IRON ORE PRODUCTION AT 5.35 MT

Source text: [ID:]

Further company coverage: NMDC.NS

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March 31 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - SHRI ANURAG KAPIL TO BE CFO AND KMP FROM MARCH 31, 2026 FOR FIVE YEARS

• NMDC - SMT. G ANUPAMA CEASES TO BE CFO AND KMP EFFECTIVE MARCH 31, 2026

Source text: ID:nBSE10YrqP

Further company coverage: NMDC.NS

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By Neha Arora

NEW DELHI, March 27 (Reuters) - India will hold talks with Argentina, Indonesia and Oman next month as it seeks to boost supplies of steelmaking raw materials such as coking coal and iron ore, and access technology, two sources with direct knowledge told Reuters.

The talks are expected to begin next month at a global steel summit, described by the Indian government as the country's largest international conference-cum-exhibition, said the sources who did not wish to be identified as the plan was not yet public.

India, the world's biggest crude steel producer after China, relies on ferronickel imports for stainless steel manufacturing, with Indonesia holding the world's largest nickel ore reserves.

The country also imports large quantities of iron ore from Oman and Brazil, with which it signed a deal last month to expand cooperation in mining and minerals, as it seeks to meet rising domestic steel demand.

With Argentina, India aims to secure imports of lithium and other critical minerals for New Delhi's state miner NMDC NMDC.NS, the sources said.

The steel ministry and NMDC did not immediately respond to Reuters' emails seeking comment.

Argentina is the world's fourth-largest producer of lithium, a key component in batteries for electric vehicles and renewable energy storage.

In January, the Indian government said it wants to secure stable supplies of key raw materials such as coking coal, lithium, cobalt and rare earth elements as it expands steel production and accelerates its transition to cleaner energy.

Besides meeting rising domestic demand driven by strong economic growth and higher infrastructure spending, India is also seeking to boost steel exports.

New Delhi is diversifying its steel export markets from Europe to Asia and the Middle East to offset the impact of the European Union's carbon tax, driving higher output and greater demand for raw materials.

Amid concerns over securing raw material supplies from overseas, India's steel sector is grappling with a severe gas crisis- spurred by the war in the Middle East - that has threatened production at small steel units, while a unit of the JSW Group has also warned of a potential shutdown.

(Reporting by Neha Arora; editing by Mayank Bhardwaj and Lincoln Feast.)

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Repeats to additional subscribers without any changes. The opinions expressed here are those of the author, a columnist for Reuters.

By Gavin Maguire

LITTLETON, Colorado, March 25 (Reuters) - When the missiles and drones eventually stop flying in the U.S.-Israeli air strikes against Iran, a new contest is likely to get underway: the scramble for contracts to rebuild damaged oil and gas infrastructure and restore shipping lanes - and influence - across the Middle East.

The destruction is not confined to Iran. At least 40 energy assets across nine countries in the Middle East have been "severely or very severely" damaged, with oil and gas fields, refineries and pipelines all expected to take some time to repair, the International Energy Agency head Fatih Birol warned on Monday. He described the crisis as worse than the two oil shocks of the 1970s, as well as the impact of the Russia-Ukraine war on gas, put together.

From engineering specialists lining up to rebuild smashed pipelines to logistics firms able to repair bombed-out ports and terminals, a select group of companies is poised to turn the end of the conflict into the start of a lucrative boom.

Here's a look at which sectors and companies are potential candidates to compete for the scores of energy and port reconstruction projects likely to emerge across the Middle East once the war finally ends and the cleanup campaign begins.

ENGINEERING CONGLOMERATES

Multinational engineering giants will be among the first companies called in to Iran once the fighting stops to help assess the damage and draw up reconstruction plans.

Firms with experience in repairing and constructing oil rigs, refineries, pipelines and natural gas liquefaction plants will play a vital role in Iran's recovery and in restoring revenue flows to the country.

Political affiliations will likely play a role in picking the ultimate winners, with both the Iranian and U.S. governments expected to have strong views on how contracts are divvied up.

Even so, after several weeks of steady bombing there should be plenty of work to go around.

Major U.S. firms with hefty oil and gas engineering and service arms include SLB SLB.N (formerly Schlumberger), Halliburton HAL.N, Baker Hughes BKR.O and Weatherford WFRD.O, alongside the privately held Bechtel Corp.

On the Iranian side, the Khatam-al Anbiya Construction firm - controlled by the Islamic Revolutionary Guard Corps (IRGC) - and the Mapna Group, the country's largest contractor in oil, gas and power, are the obvious domestic candidates.

International firms including Italy's Saipem SPMI.MI, France's Technip TE.PA, India's Larsen and Toubro LART.NS and Dubai-based Sidara also have extensive operations in the Middle East, and so will have the contacts and experience needed to get work underway quickly.

China's state-owned CNPC, United Arab Emirates-based NMDC NMDC.AD and Britain's Petrofac also have a regional presence and can be expected to compete for bids.

OIL & GAS MAJORS

Once pipelines are patched up and energy infrastructure is repaired, the world's oil and gas producers will likely look to step in to resume extraction at well sites and return the region's refineries and liquefied natural gas plants to full operation.

National energy firms throughout the region are likely to feature prominently, including National Iranian Oil Company (NIOC), QatarEnergy, Saudi Aramco 2222.SE and Abu Dhabi National Oil Company (ADNOC).

International majors including top U.S. oil producer Exxon Mobil XOM.N, France's TotalEnergies TTEF.PA and the UK's Shell SHEL.L also have extensive operations throughout the Middle East and will look to protect their positions.

The scale of destruction gives some sense of the opportunity. Israeli strikes hit four units of Iran's South Pars gas field, while Iranian attacks on Qatar's Ras Laffan Industrial City caused extensive damage to LNG facilities that will take years and tens of billions of dollars to restore.

SHIPPING AND UTILITIES

The damage does not stop at the wellhead. Ports, power grids and water systems across the region have all taken hits, requiring an equally critical reconstruction effort.

Large ports in and around Iranian waters have sustained significant damage from recent bombardments, along with scores of naval and merchant vessels.

The Strait of Hormuz - a narrow chokepoint between Iran and Oman through which roughly a fifth of the world's crude oil and LNG passes - has been effectively closed, and reopening it will be a prerequisite for any return to normal global energy flows.

Restoring port facilities and clearing shipping channels will require specialists in harbour reconstruction and marine salvage, with the recovery effort expected to run for years.

On the power side, state-owned Tavanir and the Mapna Group operate most of Iran's electricity generation and transmission networks and will anchor the domestic recovery effort.

Russia's Rosatom, which manages Iran's Bushehr nuclear reactor near recent strike zones, faces a more complex challenge, given that the Kremlin's role in any U.S.-backed reconstruction effort is likely to be contested.

Desalination plants supplying clean water in Iran and Bahrain have also been hit, as have parts of the Israeli electricity grid, widening the scope of the rebuild well beyond Iran's borders.

Even if the fighting stopped today, years of reconstruction work would lie ahead - and when it begins, some companies will be cleaning up in more ways than one.

(The opinions expressed here are those of the author, a columnist for Reuters.)

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(Reporting by Gavin Maguire; Editing by Marguerita Choy)

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March 16 (Reuters) - Rail Vikas Nigam Ltd RAIV.NS:

• RECEIVES LOA FROM NMDC FOR REFURBISHMENT AT KIRANDUL & BACHELI

• GETS LOA WORTH 952.7 MILLION RUPEES

Source text: ID:nBSEbBFCZ6

Further company coverage: RAIV.NS

(([email protected];;))

** Shares of NMDC NMDC.NS rise 2.6% to 80.48 rupees

** The iron ore producer raises iron ore prices

** Baila lump prices raised to 4,800 rupees per ton from 4,700 rupees per ton

** Hikes baila fines prices to 4,050 rupees per ton from 4,000 rupees per ton

** Baila lump and baila fines are iron ore products mined by NMDC

** YTD, NMDC down 3.2%

(Reporting by Vijay Malkar)

(([email protected];))

March 2 (Reuters) - NMDC Ltd NMDC.NS:

• TOTAL FEBRUARY 2026 PRODUCTION 5.35 MT, SALES 4.60 MT

Source text: ID:nNSE2XxYh7

Further company coverage: NMDC.NS

(([email protected];;))

By Neha Arora

NEW DELHI, Feb 17 (Reuters) - India is seeking new steel export markets in the Middle East and Asia to offset the impact of the European Union's carbon tax that took effect in January, a government source said.

India, the world's second-biggest producer of crude steel, ships roughly two-thirds of its steel exports to Europe, where flows have come under pressure following the EU's Carbon Border Adjustment Mechanism.

Last week, Steel Secretary Sandeep Poundrik said the government would have to take action to support exports hit by Europe's carbon tax.

"For exports, we are looking at new markets and we are trying to get agreements with countries in the Middle East where a lot of infrastructure is coming up, and also in Asia," said the source directly involved in decision-making, declining to be identified as the deliberations are confidential.

"Till now, our exports were focussed on Europe but we are trying to diversify," the source added.

India's federal Ministry of Steel did not respond to an email seeking comment.

Mills are looking for government support to help them compete in non-EU markets where China has been dominant, a senior executive at a major steel firm said.

Steel exports from China, the world's largest producer, have been resilient since 2023 and hit a record monthly high in December. Beijing plans to roll out a licence system this year to regulate alloy exports, as strong shipments have fuelled a growing protectionist backlash globally.

SECURING RAW MATERIAL

Explaining India's widening efforts to secure supplies of raw materials such as coking coal, limestone, manganese and other critical minerals, the source said New Delhi was increasingly pursuing long-term offtake agreements and asset acquisitions.

State-run Steel Authority of India (SAIL) SAIL.NS and miner NMDC NMDC.NS are looking at Brazil, Argentina, Australia and the Middle East, the source said.

SAIL and NMDC did not respond to emails seeking comment.

"For coking coal asset acquisition, we are looking at Australia," the source said.

Currently, around 95% of the sector's coking coal requirements is met through imports, with Australia supplying more than half.

Last year, NMDC said it was exploring coking coal assets in Indonesia and Australia.

(Reporting by Neha Arora. Editing by Mayank Bhardwaj and Mark Potter)

(([email protected]; X: neha_5;))

Feb 10 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - PRICES OF IRON ORE BAILA FINES FIXED AT 4,000 RUPEES PER TON

Further company coverage: NMDC.NS

(([email protected];))

Feb 3 (Reuters) - NMDC Ltd NMDC.NS:

• Q3 PROFIT 17.47 BILLION RUPEES

• DIVIDEND 2.50 RUPEES PER SHARE

• Q3 REVENUE FROM OPERATIONS 76.11 BILLION RUPEES

Further company coverage: NMDC.NS

(([email protected];))

Jan 29 (Reuters) - Indian state-run miner NMDC NMDS.NS is "actively exploring" coal reserves in Canada to boost the country's steel manufacturing capacity, India's steel minister H.D. Kumaraswamy said on Thursday.

The comments came after Kumaraswamy held a bilateral meeting with Canada's Minister of Natural Resources Tim Hodgson to deepen cooperation in critical minerals, clean mobility, advanced manufacturing and sustainable industrial development, the government said in a statement.

India wants to secure stable supplies of key raw materials such as coking coal, lithium, cobalt and rare earth elements as it expands steel production and accelerates its transition to cleaner energy, the statement added.

(Reporting by Surbhi Misra in Bengaluru, Editing by Louise Heavens)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Jan 23 (Reuters) - NMDC Ltd NMDC.NS:

• COMMENCES MINING OPERATIONS AT TOKISUD NORTH COAL MINE

Source text: ID:nNSE9XFQFR

Further company coverage: NMDC.NS

(([email protected];))

Jan 9 (Reuters) - NMDC Ltd NMDC.NS:

• BAILA LUMP IRON ORE PRICED AT 4,600 RUPEES PER TON EFFECTIVE JAN 9

• BAILA FINES IRON ORE PRICED AT 3,900 RUPEES PER TON EFFECTIVE JAN 9

Source text: ID:nNSE6ly7jV

Further company coverage: NMDC.NS

(([email protected];))

** Shares of NMDC NMDC.NS rise 2% to 71 rupees

** Stock is top pct gainer on Nifty Metal index .NIFTYMET, which is up 0.3%

** State-run miner's Aug 2025 iron ore production rose 10% sales grew 8%

** NMDC rated "hold" on average by 16 analysts; median target price is 80 rupees – data compiled by LSEG

** YTD, stock up 7.6% vs Nifty Metal's 7.9% rise

(Reporting by Rudra Pratap Singh in Bengaluru)

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Aug 1 (Reuters) - NMDC Ltd NMDC.NS:

• IRON ORE PRICE FOR BAILA FINES SET AT 5,250 RUPEES/TON

• IRON ORE PRICE FOR BAILA LUMP SET AT 6,100 RUPEES/TON

Source text: ID:nNSE4j6fYc

Further company coverage: NMDC.NS

(([email protected];;))

By Neha Arora

July 1 (Reuters) - Indian state-owned miner NMDC NMDC.NS on Tuesday said it is exploring acquisition opportunities for critical minerals in Africa, Australia and South America, as part of its global mineral diversification strategy.

(Reporting by Anuran Sadhu in Bengaluru; Editing by Mrigank Dhaniwala)

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** Shares of Indian miner NMDC NMDC.NS jump fall 2.5% to 70 rupees

** Stock is top loser in nifty metal index .NIFTYMET, which is 0.4%

** NMDC on Tuesday posts Q4 profit before exceptional items and tax of 23.51 bln rupees ($275.6 mln), down 3.5% y/y hurt by lower product prices

** Rev from ops rose 7% mainly due to higher sales in its pellets unit

** Stock eyes a second straight session of losses, if trend holds

** NMDC rose ~10% YTD, vs a ~7% rise in NIFTYMET

(Reporting by Yagnoseni Das in Bengaluru)

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May 27 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC Q4 PROFIT 14.96 BILLION RUPEES

• NMDC Q4 REVENUE FROM OPERATIONS 69.53 BILLION RUPEES

• NMDC - DIVIDEND OF 1 RUPEEPER SHARE

Source text: [ID:]

Further company coverage: NMDC.NS

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May 2 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - APRIL TOTAL PRODUCTION 4.00 MT

• NMDC - APRIL SALES AT 3.63 MT

Source text: ID:nnAZN3RVXOZ

Further company coverage: NMDC.NS

(([email protected];))

Adds official quotes, details, background on India's steel capacity, coking coal imports in paragraphs 2-8

By Neha Arora

MUMBAI, April 26 (Reuters) - India is encouraging companies to acquire iron ore, coking coal, and other key raw material assets overseas, Steel Secretary Sandeep Poundrik said on Saturday, as the country ramps up its steelmaking capacity to meet rising demand.

"We are encouraging our companies to acquire assets abroad, right from iron ore to coking coal to even limestone and dolomite," Poundrik said at an industry event in Mumbai. "Raw material securitisation is the most important aspect of steelmaking."

India, the world's second-largest producer of crude steel, aims to boost its overall steelmaking capacity to 300 million tons by 2030, up from about 200 million tons currently.

To support this expansion, coking coal imports are projected to rise to 160 million tons by 2030 from around 58 million tons now, Poundrik had projected on Friday.

Despite an uptick in steel output, India's coking coal imports dipped 0.7% in the fiscal year ended in March due to lower shipments from Australia and the United States, said commodities consultancy BigMint.

India relies on imports to meet 85% of its coking coal needs, with Australia supplying more than half of those shipments.

In a bid to diversify supply, India has also been exploring partnerships with Mongolia. However, logistical challenges remain in sourcing material from the landlocked country, Poundrik noted.

India's state-run miner NMDC NMDC.NS is exploring coking coal assets, in Indonesia and Australia, Chairman Amitava Mukherjee said on Thursday.

(Reporting Neha Arora; Writing by Sethuraman NR; Editing by William Mallard)

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Adds executive comments and details from paragraph 2 onwards

By Neha Arora

MUMBAI, April 24 (Reuters) - Indian miner NMDC NMDC.NS is exploring coking coal assets, key ingredient used for making iron ore and steel, in Indonesia and Australia, Chairman Amitava Mukherjee said on Thursday.

India, the world's second-largest producer of crude steel, meets 85% of its coking coal requirements through imports. Australia accounts for more than half of the country's coking coal imports.

The company is looking at this as a business opportunity, Mukherjee said. "They (explorations) are in different stages of negotiations." He did not disclose the details of these talks due to confidentiality.

State-owned NMDC is India's largest iron ore miner with four operational mines across the country.

The country's top steelmaker JSW Steel's JSTL.NS CEO Jayant Acharya had told Reuters earlier in the day that the company sources coking coal from Australia, the United States and Mozambique. State-owned SAIL SAIL.NS also procures coking coal from countries such as Mongolia.

Coking coal has traditionally been a volatile commodity because of its dominance in exports and the variability of weather, according to commodity consultancy firm BigMint.

In 2023, erratic weather conditions hit coking coal supplies from Australia.

(Reporting by Neha Arora in Mumbai, and Manvi Pant in Bengaluru; Editing by Mrigank Dhaniwala and Shilpi Majumdar)

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April 7 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - ANONYMOUS COMPLAINT REPORTED IN NEWS ARTICLE FALSE, BASELESS

Source text: ID:nnAZN3O6NTG

Further company coverage: NMDC.NS

(([email protected];))

March 21 (Reuters) - NMDC Ltd NMDC.NS:

• NMDC - FEDERATION OF UNIONS ASKED THEIR MEMBERS TO RESUME DUTIES FULLY

• NMDC - EMPLOYEES HAVE RESUMED DUTIES, NORMAL OPERATIONS HAVE RESUMED AT ALL PROJECTS

Source text: ID:nNSE55ryJX

Further company coverage: NMDC.NS

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