State-owned miner NMDC increased iron ore prices by ₹600 per tonne of Lump and ₹400 for the same quantity of fines effective October 23.
Consequently, lump ore costs ₹6,350 per tonne and fines ₹5,410, a filing by the company on Wednesday showed. It is for the second time NMDC has raised iron ore prices.
During the previous revision effective October 1 it had increased the price by ₹400 per tonne each, which took lump ore to ₹5,750 and fines to ₹5,010. These are FOR prices and inclusive of royalty, DMF, NMET and exclusive of cess, forest permit fee, transit fee, GST, environmental cess and other taxes.
Published – October 23, 2024 11:05 pm IST
