NMDC, Karnataka and iron ore

NMDC, steel stocks fall up to 6% as Karnataka govt tables Bill to tax mines and mining land
Earlier this month, the Karnataka Cabinet approved the Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill, 2024, to make provisions for levy and collection of tax on exercise of mineral rights and on mineral-bearing land by the State government.
NMDC shares fall up to 7% as Karnataka govt's iron ore levy plans weigh on sector
NMDC shares dropped 7% to ₹211.55 on NSE amid reports of Karnataka planning to hike iron ore duty. Over 2.5 crore shares traded by 1:30 PM.
Karnataka's iron ore duty plans weigh on NMDC; share price plunges 7%
The decline in NMDC share followed reports suggesting that the Karnataka government is considering an increase in the duty on iron ore
NMDC shares fall as Karnataka government looks to increase duty on iron ore mining: Exclusive
Shares of state-run NMDC Ltd. fell as much as 6% on Wednesday, December 18 after sources with knowledge of the matter told CNBC-TV18 that the Karnataka state government is looking to increase the duty on iron ore mining.
Karnataka’s new minerals tax stumps iron ore mining companies
NMDC Ltd, Vedanta Ltd, Sandur Manganese and Iron Ores Ltd are the largest operators of pre-auction era mines in Karnataka and will bear the brunt of the proposed tax.
NMDC tumbles amid reports of Karnataka govt to levy duty on iron ore prices
NMDC declined 6.9% to Rs 212.05 after Karnataka government presented a bill to tax mines and mining land, citing media reports that the Karnataka government might hike the duty on iron ore prices.
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NMDC Announces 'Record Date' For 2:1 Bond Equity Share, Details Here
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Stock market today: NMDC, SAIL among 10 stocks in F&O ban list on December 19
Bandhan Bank, Chambal Fertilisers, Granules India, Hindustan Copper, Manappuram Finance, National Aluminium, NMDC, PVR Inox, ...
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NMDC Sets Record Date For 2:1 Bonus Share Issue
NMDC also approved an increase in authorised share capital of the company from Rs 400 crore to Rs 1,000 crore, subject to ...
NMDC shares extend fall for 6th session, tank 7% today
The stock slumped 6.55 per cent to hit a day low of Rs 212.60. It was last seen trading 6.44 per cent down at Rs 212.85. At ...
Karnataka mineral levy to exert pressure on steel companies’ profit
Karnataka government's new mineral levy to impact steel prices, squeeze margins, and challenge industry survival against ...
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NMDC LTS signs definitive agreement to acquire a 70% equity stake in Emdad
Abu Dhabi, UAE: NMDC LTS, a wholly owned subsidiary of NMDC Group, has announced the signing of a definitive agreement to ...
NMDC fixes record date for 2:1 bonus share issue. Details here
NMDC's stock was last seen trading 1.89 per cent lower at Rs 228.25. At this price, the counter has climbed 13.16 per cent in ...
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NMDC wins $46m Ramhan Island reclamation deal
The scope includes reshaping existing islands that form part of the wider development ...