Tag: NMDC Iron Ore Production
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NMDC’s Q1 FY16 Profit Down 47% over Subdued Demand
India’s top iron ore miner, NMDC has reported 47% decline in net profit at INR 10.10 bn in Q1 FY16. Recently, NMDC reported that its ore sales have been affected badly amidst sluggish demand, affecting its net profit by 47% Y-o-Y to INR 10.10 bn in Q1 FY16. The company’s net profit in Q1 FY15…