State-owned NMDC today said it produced 6.87 million tonne (MT) iron ore in the month of June.
Shares of engineering firm JMC Projects (India) today rose by 3.5 per cent after the company secured orders worth Rs 1,966 crore in the domestic market.
Country's largest iron ore miner NMDC today said it has raised the price of lump ore by Rs 150 to Rs 3,050 per tonne.
NMDC Ltd reported 48.9 percent rise in standalone profit at Rs 886.53 crore for the quarter ended December 2017.
The steel ministry is contemplating a mechanism to moderate the volatile prices of iron ore, the main raw material of steel.
The govt's 2.52% stake sale in state-owned miner NMDC saw robust response from investors with the retail portion getting over-subscribed by 5.40 times.
The steel ministry expects SAIL to show profit next year on the back of continued improvement in global commodity market.
M Venkaiah Naidu said PSEs have contributed immensely to the countrys economic growth and helped the country in building a sustained industrial base.
Chaudhary Birender Singh said that the joint venture (JV) between steel giants SAIL and ArcelorMittal to produce high-end automotive steel will be signed soon.
JSW Steel is evaluating stressed steel assets for acquisitions and has secured shareholders approval to create a USD 1 bn war chest for the same.