New Delhi, India: State-run mining company NMDC Limited has announced revised prices for its iron ore products, effective March 6, 2026, according to a regulatory filing submitted to stock exchanges.
The company informed both BSE Limited and National Stock Exchange of India about the updated pricing under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.
New Iron Ore Prices
Under the revised structure, NMDC Limited has set the following ex-mine prices:
- Baila Lump (65.5% Fe, 10–40 mm): ₹4,800 per tonne
- Baila Fines (64% Fe, below 10 mm): ₹4,050 per tonne
The company clarified that these rates are quoted on a Free on Rail (FOR) basis and do not include statutory charges. Additional costs such as royalty, District Mineral Foundation (DMF) contribution, National Mineral Exploration Trust (NMET) charges, cess, forest permit fees, transit fees, GST, environmental cess, and other applicable taxes will be charged separately.
Impact on the Market
As India’s largest iron ore producer, price revisions by NMDC Limited often influence the broader domestic mining and steel sectors. Changes in iron ore prices can directly impact production costs for steel manufacturers and other industries that rely heavily on iron ore as a key raw material.
Market observers say the revised prices will likely affect procurement strategies among steel producers and could shape short-term trends in the domestic iron ore market.
The updated pricing details have also been made available on the investor relations section of the company’s website for public access.
Industry analysts will now watch closely how the new rates align with domestic demand and global iron ore price movements in the coming months.
Disclaimer: This report is based on official exchange filings by NMDC Limited and publicly available information and is intended for informational purposes only.
