NMDC raises iron ore prices by ₹100 a tonne

State-owned miner NMDC has increased iron ore prices by ₹100 a tonne effective February 10.

Consequent to the revision, the price of Baila Lump is ₹4,700 per tonne and Baila Fines ₹4,000 for the same quantity. These are FOR prices exclusive of royalty, DMF, NMEDT, cess, Forest Permit Fee, transit fee, GST, environmental Cess and other taxes, NMDC said in a filing on Tuesday (February 10, 2026).

The company, which is India’s largest iron ore producer, had previously changed the price of key raw material for steel on January 9 to ₹4,600 per tonne of Baila Lump and ₹3,900 for Baila Fines.

Earlier this month, the company had reported a consolidated net profit of ₹1,747.01 crore for the December quarter, almost 8% lower compared to ₹1,896.66 crore a year earlier. The net profit came on a nearly 16% increase in revenue from operations to ₹7,610.79 crore (₹6,567.83 crore) and NMDC declared a first interim dividend of ₹2.50 per equity share (face value of ₹1 each) for 2025-26.

For the nine months ended December, on a standalone basis, the company posted a 4% increase in net profit to ₹5,401 crore (₹5,196.44 crore) on a revenue that was 22% higher at ₹20,380.56 crore (₹16,715.19 crore). The performance was driven by record volumes and sustained operational excellence, firmly positioning it among India’s most resilient mining companies, NMDC said.

With back-to-back record volumes and strong financials, NMDC remains firmly on track to achieve its annual targets and is well-positioned to set new benchmarks for the mining industry, it said.