|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||7.76|
|Forward Dividend & Yield||5.52 (4.90%)|
|1y Target Est||146.05|
India's biggest iron ore miner NMDC Ltd on Monday sued Karnataka to block demands for a bigger share of revenue from the sale of iron ore from a local mine, said a senior state-level official. Rajender Kataria, the state's mining secretary, told Reuters on Monday a court will hear the matter on Jan. 10. Karnataka plans to auction the Donimalai iron ore mine as NMDC, majority owned by the Indian government, refused to pay an additional levy on ore sales from the mine, he said.
The government of Karnataka on Friday warned NMDC Ltd that it will cancel the lease of its Donimalai iron ore mine if the state-owned miner refuses to pay an additional levy on the sale of its ore. Karnataka's threat to cancel the lease stems from a dispute between NDMC, India's biggest iron ore miner, and the state government over its decision to impose an 80 percent premium on ore sales from Donimalai. Karnataka levied the premium when it renewed NDMC's license for Donimalai on Nov. 2.
The latest earnings announcement NMDC Limited (NSE:NMDC) released in March 2018 revealed that the company benefited from a robust tailwind, leading to a double-digit earnings growth of 50%. Below, I’ve Read More...
I am writing today to help inform people who are new to the stock market and want to begin learning the link between company’s fundamentals and stock market performance. WithRead More...
By Neha Dasgupta NEW DELHI (Reuters) - Indian state-owned miner NMDC is the highest bidder in a government e-auction for a gold mine in Andhra Pradesh, beating resources conglomerates Vedanta and Adani, ...