NMDC declares an interim dividend and sets a record date
The state-owned National Mineral Development Corporation (NMDC) announced that the company's board of directors declared an interim dividend of Re 9 per equity share with a face value of Re 1 for the fiscal year 2021-22 at its meeting on December 3, 2021.
The business has also set Wednesday, December 15th, 2021 as the record date for the distribution of interim dividends, according to NMDC. The interim dividend will be paid/dispatched to the company’s shareholders in accordance with the Companies Act of 2013.
Last month, the state-owned mining corporation, on the other hand, lowered lump ore rates by 750 per tonne and fines prices by 200 per tonne. The new prices will take effect on November 30, 2021, according to the firm.
On November 5, the business announced lump ore rates of $5,950 per tonne and fines rates of $4,760 per tonne, both effective November 4, 2021. The most important raw ingredient for steel production is iron ore. Steel rates are directly affected by changes in its prices.
NMDC, which is part of the steel ministry, is the country’s major iron ore producer. In Monday’s opening trades, NMDC shares were trading over 1% down on the BSE.
