NMDC shares in limelight on steep increase in iron ore prices

NMDC’s shares were in limelight on Monday (April 6, 2026) rising more than 5% around noon in the wake of the State-owned miner announcing a steep increase in iron prices.

As per the latest revision, announced and effective April 5, the price of Baila Lump has been increased ₹500 per tonne to ₹5,300. The same quantity of Baila Fines will now come for ₹4,500 as against ₹4,050 previously. NMDC share price increased 5.37%, around 12.30 p.m., to ₹82.17 each on the BSE.

The iron ore prices are for prices that are exclusive of royalty, DMF, NMEDT, cess, Forest

Permit Fee, transit fee, GST, environmental cess and other taxes, the company said. In the previous revision, effective March 6, the company had increased prices of the key raw material of steel by ₹100 a tonne for Baila Lump and ₹50 for the same quantity of Baila Fines to ₹4,800 and ₹4,050 respectively.

The latest revision comes days after the company announced record iron ore production in FY26 and how it is well positioned to meet the rising steel demand. It had reported 53.15 million tonne iron ore output and 50.23 MT sales for 2025-26.