NMDC Share Price in Focus on Mar 19; First Interim Dividend for FY25 Announced

NMDC Ltd has been in focus this week following the announcement of its first interim dividend for the financial year 2024-25. On March 17, 2025, the company declared an interim dividend of ₹2.30 per equity share with a face value of ₹1 each. 

Shareholders whose names appear in the company’s Register of Members or as beneficial owners in depository records on the record date, March 21, 2025, will be eligible for the dividend. The dividend payment will be made within the prescribed timelines as per the Companies Act, 2013.

Following the announcement, NMDC’s stock price showed moderate movement. On March 18, 2025, the stock opened at ₹66.06 and closed at ₹66.77, touching a day’s high of ₹66.90. 

Today, on March 19, 2025, NMDC share price opened at ₹67.64, almost the same as its previous close of ₹66.77. At 9:50 AM, the share price of NMDC was trading at ₹66.86, up by 0.13% on the NSE. The stock price hit its 52-week low recently on January 13, 2025, at ₹59.70. 

Iron Ore Production and Sales for February 2025

NMDC Ltd has reported its provisional production and sales figures for iron ore for February 2025. NMDC’s total iron ore production for February 2025 stood at 4.62 MT, a notable rise from 3.92 MT in February 2024. Sales for the month were recorded at 3.98 MT, almost on par with the 3.99 MT registered in the previous year. 

On a cumulative basis, the company’s total production reached 40.49 MT up to February 2025, compared to 40.24 MT in the corresponding period last year. Cumulative sales reached 40.20 MT, slightly lower than the 40.48 MT achieved up to February 2024. The stable performance reflects NMDC’s resilience in maintaining consistent production and sales volumes amidst market fluctuations.

Conclusion

Overall, NMDC’s interim dividend announcement has garnered attention, reflecting the company’s commitment to rewarding its shareholders. 

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