NMDC shares fell 3.83% to ₹218.80 in today’s trade following reports that the Karnataka government may hike duty on iron ore. The move is aimed at generating approximately ₹10,000 crore in revenue this year, as per sources reported by CNBC-TV18.
The Karnataka government is likely to increase iron ore duty to raise nearly ₹10,000 crore in revenue this year, according to CNBC-TV18 reports.
Key Updates:
- A draft to hike iron ore duty has reportedly been circulated.
- Karnataka contributes 35% of NMDC’s total iron ore mix, making this decision significant for the company.
- The Supreme Court has already approved retrospective collection of mining taxes from 2005.
NMDC Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Tue, Dec 17 2024
|
₹232.45
|
₹227.51
|
-2.21%
|
|
Mon, Dec 16 2024
|
₹233.75
|
₹232.64
|
-0.47%
|
|
Fri, Dec 13 2024
|
₹237.00
|
₹233.73
|
-2.93%
|
|
Thu, Dec 12 2024
|
₹241.60
|
₹240.79
|
-0.15%
|
|
Wed, Dec 11 2024
|
₹244.00
|
₹241.15
|
-1.16%
|
|
Tue, Dec 10 2024
|
₹242.15
|
₹243.97
|
|
|
Mon, Dec 9 2024
|
₹239.45
|
₹241.53
|
|
|
Fri, Dec 6 2024
|
₹235.94
|
₹238.66
|
|
