NMDC cuts iron ore prices: Baila Lump at ₹5,550/tonne, Fines at ₹4,750/tonne

State-owned miner NMDC Limited has announced a revision in the prices of iron ore with effect from October 22, 2025. According to the company’s exchange filing, the price of Baila Lump (65.5%, 10-40 mm) has been fixed at ₹5,550 per tonne, while Baila Fines (64%, -10 mm) will cost ₹4,750 per tonne.The company stated that these prices are FOR (Free on Rail) and include royalty, District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) charges.

However, they exclude cess, forest permit fees, transit fees, GST, environmental cess, and other taxes.

The shares of the company ended 0.6% in the green at ₹75.61 on October 21 (Muhurat trading). The stock has gained 14.7% in the year so far. In September, NMDC reported a 23.4% rise in total iron ore production to 3.75 million tonnes. Sales for the period under review rose 9.6%. For the first six months of FY26, NMDC’s cumulative production reached 22.20 mt, up from 17.47 mt in the same period of FY25, while sales climbed to 22.25 mt from 19.80 mt.

For the first six months of FY26, NMDC’s cumulative production reached 22.20 mt, up from 17.47 mt in the same period of FY25, while sales climbed to 22.25 mt from 19.80 mt.

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