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NMDC has announced that it will slash down iron ores prices, by Rs.100 per tonne for both iron ore lumps and fines.
NMDC has an iron ore mining capacity of 48 mtpa. The ore mining operations are based at Kirandul and Bacheli in Chhattisgarh and Donimalai in Karnataka. It has a medium term plan to expand its iron ore mining capacity to 67 mtpa by FY22.
Further, it has reduced lump iron ore prices by 3.3% to Rs.2,900 per tonne and also reduced iron ore fines prices by 3.8% to Rs.2,560 per tonne. This is the first price cut taken by NMDC in CY18.
