NMDC Revises Iron Ore Prices, Stock Slips

National Mineral Development Corporation (NMDC) has revised the iron ore prices with effect from Wednesday.

The Lump Ore Prices at Rs 2,225 WMT and Fines at Rs 1,985 WMT. The Freight on Road (FOR) prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes.

Meanwhile, the stock traded in the negative territory on BSE slipping 0.18% at Rs 111.25 per share on BSE on Tuesday.

As per market observers, the stock is providing a dividend yield of 12.33%. The company has been maintaining a dividend payout ratio of 70.07%.

On NSE, the stock attracted a traded volume of 58,141 shares and a traded value of Rs 64.64 lakh.

NMDC Limited is an India-based company engaged in mining of iron ore. The company's segments include Iron Ore, and Other minerals and services. It is also engaged in the production and sale of diamond, sponge iron and wind power.

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