https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

NMDC Steel Ltd Records A Widened Loss Of Rs. 595 Crores In Q2

NMDC Steel, a demerged entity from mining giant NMDC, owns and operates the 3 million-tonne Nagar Steel Plant in Nagarnar, Chhattisgarh
Indian Masterminds Stories

PSU NMDC Steel Limited has recently reported a widened loss of Rs 595.37 crore for the September quarter, primarily due to a sharp increase in expenses. In comparison, the company had posted a loss of Rs. 131.10 crore during the same period last year, according to a filing with the stock exchange. Total income for the company rose to Rs. 1,535.46 crore, up from Rs 290.27 crore in the previous year.

However, the company’s expenses surged to Rs. 2,364.39 crore in Q2 of the current fiscal, compared to Rs. 464.93 crore in the same quarter last year.

NMDC Steel, a demerged entity from mining giant NMDC, owns and operates the 3 million-tonne Nagar Steel Plant in Nagarnar, Chhattisgarh. The plant, which is India’s newest steel unit, was established with an investment of approximately Rs. 23,000 crore. Commercial operations at the plant commenced on August 31, 2023. National Mineral Development Corporation (NMDC) Steel Limited focuses on producing high-quality steel and aims to contribute significantly to India’s industrial growth.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
ntpc
NTPC Talcher Kaniha and NDRF Conduct High-Impact Disaster Management Workshop, Simulate Chemical Leak Response- Know More
NBCC
Results: NBCC Reports ₹13,503 Cr Profit in Q1 FY26, Announces Interim Dividend
Gujarat cooperative sector
Gujarat CM Bhupendra Patel Highlights PM Modi’s Vision for Cooperative Sector at Kheti Bank Ceremony
Gandhinagar: Union Jal Shakti Minister C.R
Mission School of Excellence 2.0: Gujarat Govt to Boost Infrastructure in Grant-in-Aid Secondary & Higher Secondary Schools
Nalco
NALCO Reports 43.9% Surge in Q1 FY26 Net Profit, Proposes Final Dividend of ₹2.50 Per Share
women empowerment
Gujarat Crosses 5.96 Lakh 'Lakhpati Didis'; Sets Ambitious Goal to Empower 10 Lakh Women Through Self-Reliance
Gujarat
"Ek Rakhi Desh ke Jawano ke Naam": 53,000 Anganwadi Workers from Gujarat Send 3.5 Lakh Rakhis to Soldiers
Indian Parliament
Government Aims for One Nuclear Plant in Every State to Reach 100 GW Clean Power Target by 2047 | Parliament Question’s Answer
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
How IAS Officer Aditya Singh is Redefining Governance in Madhya Pradesh | Video Interview 
IAS Karn Satyarthi
How IAS Karn Satyarthi Transformed Gumla Through Empathy and Innovation
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
ntpc
NTPC Talcher Kaniha and NDRF Conduct High-Impact Disaster Management Workshop, Simulate Chemical Leak Response- Know More
WhatsApp Image 2025-08-07 at 19.11
The Unseen Diplomats: Spouses Who Shaped History
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
IAS Karn Satyarthi
Ananth Rupanagudi IRAS
ADVERTISEMENT
ADVERTISEMENT