State-Owned Miner NMDC Revises Domestic Iron Ore Prices with Immediate Effect

India's largest iron ore producer, NMDC Limited, has announced a structural revision to its domestic pricing policy for core iron ore lumps and fines. The newly adjusted pricing framework came into legal effect on Friday, July 10, 2026.

Revised Iron Ore Pricing Framework

The state-owned mining enterprise has set the baseline Free-on-Rail (FOR) commercial prices for its premium-grade material extracted from its signature Bailadila mines as follows:

Baila Lump Ore (65.5% Iron Content, Size 10-40 mm): Fixed at ₹5,450 per ton.

Baila Fines (64% Iron Content, Size -10 mm): Fixed at ₹4,700 per ton.

Taxation and Statutory Levies Note:

The quoted prices represent base FOR factory-gate values only. In line with heavy-industry mining frameworks, these rates are strictly exclusive of statutory state and central pass-through costs. Buyers will absorb incremental overheads including state royalties, District Mineral Foundation (DMF) contributions, National Mineral Exploration Trust (NMET) levies, specific regional cesses, Forest Permit fees, Transit fees, Goods and Services Tax (GST), and localized environmental cesses.

The adjusted price lists have been published on the state-run miner's central investor relations portal. Industrial steel manufacturing units and raw material procurement desks utilize these corporate price points as the foundational baseline index for broad domestic spot purchases and long-term contract pricing agreements across India.

Shares of NMDC Limited was last trading in BSE at Rs. 84.88 as compared to the previous close of Rs. 84.38. The total number of shares traded during the day was 385378 in over 2529 trades.

The stock hit an intraday high of Rs. 86.02 and intraday low of 84.70. The net turnover during the day was Rs. 32879846.00.

Source : Equity Bulls

Keywords

NMDC INE584A01023 Mining IronOre PriceRevision