NMDC shares dip over 2% following Iron Ore price cut | Business Upturn

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Shares of NMDC Ltd fell over 2% on Thursday after the company announced a reduction in its iron ore prices, effective October 22, 2025.

The revised rates are as follows:

Baila Lump (65.5%, 10–40mm): ₹5,550 per tonne
Baila Fines (64%, -10mm): ₹4,750 per tonne

The prices are inclusive of Royalty, DMF, and NMET but exclude Cess, Forest Permit Fee, Transit Fee, GST, Environmental Cess, and other applicable taxes.

The move comes amid fluctuating demand and market conditions in the domestic and international iron ore sector, impacting NMDC’s stock performance in early trade.

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TOPICS: NMDC