New Delhi: State-owned miner NMDC Limited has announced a revision in iron ore prices, effective February 10, 2026, according to a regulatory filing under SEBI (LODR) Regulations, 2015. The revised rates apply to both lump ore and fines produced at the company’s Baila mines. Prices are quoted on a FOR (Free on Rail) basis.
Revised Prices:
- Baila Lump (65.5% Fe, 10–40 mm): ₹4,700 per tonne
- Baila Fines (64% Fe, below 10 mm): ₹4,000 per tonne
Statutory Levies Not Included
NMDC clarified that the above rates are exclusive of statutory levies, which include:
- Royalty
- District Mineral Foundation (DMF) contribution
- NMET contribution
- Environmental cess and other levies
- Forest permit and transit fees
- Goods and Services Tax (GST) and other applicable taxes
This means that buyers must account for additional charges on top of the FOR rates when calculating the total cost of procurement.
Read also: NMDC Empowers Bastar Youth with 100% Job Placement Through Skill Development Initiative
Market Implications
The price revision comes at a time of stable domestic steel demand and ongoing infrastructure projects in sectors such as railways, roads, and urban development.
NMDC’s pricing decisions are closely watched by:
- Steel manufacturers, as it impacts their input costs
- Downstream metal companies, affecting profit margins
- Investors, as it influences NMDC’s earnings and sector performance
Analysts suggest that the hike in iron ore prices is likely to boost NMDC’s top-line revenue, provided sales volumes remain stable or increase. However, careful consideration of additional statutory charges is necessary to assess net realization and overall profitability.
Outlook for Investors
Investors and market participants will monitor:
- NMDC’s sales volumes under the new pricing
- Net revenue per tonne after statutory charges
- Competitor pricing strategies and fluctuations in steel demand
The revised pricing sets a benchmark for the domestic iron ore market and could influence margin trends across the steel and mining sectors in the upcoming quarters.
About NMDC
NMDC Limited, a PSU headquartered in New Delhi, is India’s largest iron ore producer. The state-owned enterprise operates multiple mines across the country and plays a key role in supplying iron ore to domestic steel manufacturers. Its product range includes lump ore, fines, pellets, and value-added minerals.
