NMDC’s Iron Ore Production Rises 17.85% In February, Sales Decline Marginally
NMDC, India’s largest iron ore producer, operates three fully mechanized mines—two in Chhattisgarh and one in Karnataka. The Government of India holds a 60.79% stake in the company as of December 2024.
A Big Lump Relief For Steel And Iron Industries: Zero Export Duty Charges
Beginning on Saturday, the government will no longer charge an export duty on steel and iron ore. This year in May, duty was imposed. Export duties will not apply to iron ore lumps and fines with “less than 58 percent Fe,” according to a statement from the Finance Ministry late on Friday. The rate of …
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