Will hold margins in FY16 despite DMF contribution: NMDC

Written By Unknown on Rabu, 08 April 2015 | 12.44

In an interview with CNBC-TV18 Latha Venkatesh and Sonia Shenoy, CMD Narendra Kothari said that may have to contribute about Rs 1000 crore to the DMF in this fiscal.

Despite the government, as part of the MMDR laws, asking miners to contribute to district mineral fund, over and above royalty that they pay, state-run NMDC  is confident of holding on to its margins as it expects higher volumes to offset higher costs.

In an interview with CNBC-TV18 Latha Venkatesh and Sonia Shenoy, CMD Narendra Kothari said that may have to contribute about Rs 1000 crore to the DMF in this fiscal.

NMDC had taken a 25-30 percent iron ore price cut in the last few months but added that on the western coast, prices were still higher than international prices, the CMD said.

Transcript to be updated.

NMDC stock price

On April 08, 2015, at 11:14 hrs NMDC was quoting at Rs 128.60, down Rs 1.3, or 1 percent. The 52-week high of the share was Rs 196.15 and the 52-week low was Rs 123.00.


The company's trailing 12-month (TTM) EPS was at Rs 17.75 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 7.25. The latest book value of the company is Rs 75.64 per share. At current value, the price-to-book value of the company is 1.70.


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