NMDC reports 6% YoY rise in June 2025 iron ore production at 3.57 million tonnes; Q1 FY26 output up 30%
NMDC Limited has reported a 6% year-on-year increase in its iron ore production for June 2025, with total output reaching 3.57 million tonnes compared to 3.37 million tonnes in June 2024.
For the April to June 2025 quarter (Q1 FY26), NMDC's cumulative production stood at 11.99 million tonnes, marking a 30% rise from 9.19 million tonnes reported during the same period last year.
In terms of sales, the company recorded 3.58 million tonnes in June 2025, marginally lower than 3.73 million tonnes sold in June 2024. However, cumulative sales for Q1 FY26 reached 11.51 million tonnes, showing a 14% increase over 10.07 million tonnes recorded in Q1 FY25.
Region-wise, Chhattisgarh contributed 2.28 million tonnes in production and 2.34 million tonnes in sales for June 2025. Karnataka contributed 1.29 million tonnes in production and 1.24 million tonnes in sales during the month.
NMDC shared these provisional figures in compliance with SEBI (LODR) Regulations, 2015.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Motor 1
3 hours ago
- Motor 1
Stellantis Is Worried About Paying Billions in Emissions Fines
Earlier this year, the European Parliament voted to give car companies more time to comply with new emissions regulations that took effect in 2025. Instead of meeting the newly imposed 93.6 g/km fleet target this year, automakers will now have to achieve that figure as an average over three years : 2025–2027. Despite this two-year extension, Stellantis is still unhappy. The company's European boss, Jean-Philippe Imparato, claims the automotive conglomerate risks paying up to €2.5 billion (nearly $3 billion) in fines for exceeding emissions limits. Unless the legislation changes soon, Stellantis could be forced to pay the penalty within the next 'two-three years.' If the math doesn't work out in its favor during the 2025–2027 interval, the company will face a hefty fine. Photo by: Alfa Romeo Assuming the legislation remains unchanged, Automotive News Europe quotes Imparato saying he'll have no choice but to 'make tough decisions' to avoid emissions penalties: 'Either I push like hell (on electric)... or I close down ICE (internal combustion engine vehicles). And therefore I close down factories.' Regulations will become even stricter from 2030, when the fleet emissions target will drop further, from the current 93.6 g/km to 49.5 g/km. Just five years later, automakers operating in Europe will be required to reach 0 g/km, effectively banning the sale of new combustion-engine cars. Vehicles powered by ICEs running on synthetic fuels will be permitted, but we remain skeptical that e-fuels will become viable within a decade. Imparato isn't the first executive to signal that harsh regulations could severely impact automakers' finances. Ex-Renault CEO Luca de Meo warned last year that the European auto industry could face fines of up to €15 billion ($17.6 billion). Before the extension was granted, Volkswagen Group's Head of Treasury & Investor Relations, Rolf Woller, estimated the Group would face a €1.5 billion ($1.7 billion) fine for failing to meet the 2025 targets. Car companies are stuck between a rock and a hard place. If forced to limit production of combustion-engine vehicles artificially, they'll lose sales. But offering bigger incentives on EVs to boost zero-emission sales and lower the fleet CO₂ average will cut into already fragile margins. Automakers are currently struggling to turn a profit on electric cars, so deeper discounts could mean selling at a loss. It all comes down to a numbers game. Add to the equation the growing presence of cheap Chinese EVs in Europe, and legacy automakers are facing serious headwinds on the continent. Stay Up To Speed With Stellantis: Stellantis Boss Tells Employees to Stop Describing Themselves as Former FCA or PSA Workers Regulatory Work Eats 25% of Stellantis Engineering Hours Source: Automotive News Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Yahoo
4 hours ago
- Yahoo
Palantir Sank Today -- Is the Stock a Buy?
Palantir stock pulled back 4.1% today amid a 0.8% decline for the Nasdaq Composite index. Investors sold out of tech stocks on the heels of valuations in the sector hitting record highs. The U.S. Senate approved a new tax and budget bill, but removed a provision that would have limited state-based artificial intelligence (AI) regulations. 10 stocks we like better than Palantir Technologies › Palantir Technologies (NASDAQ: PLTR) stock took a step back in Tuesday amid broader sell-offs for the tech sector. The artificial intelligence (AI) leader's share price fell 4.1% in a daily session that saw the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fall 0.1% and 0.8%, respectively. Following fresh record highs for the S&P 500 and Nasdaq Composite yesterday, investors took profits on the market's recent rally. Tech stocks saw a particularly pronounced pullback, with signs that President Trump's feud with Tesla CEO Elon Musk has picked up again, adding downside valuation pressure to the tech sector. Palantir stock also sold off in conjunction with a significant new development on the regulatory front. While the Senate voted to approve Trump's tax bill, it also removed a provision that would have prevented U.S. states from crafting their own AI regulations. Investors are generally betting that fewer regulations would be a bullish catalyst for Palantir and other artificial intelligence (AI) stocks, and the potential for states to craft their own legislative frameworks for AI caused investors to move out of the stock today. Palantir's valuation pullback today highlights the potential for volatility created by the company's hugely growth-dependent valuation. There's no denying that the tech specialist has a strong position in the AI software space. It also seems clear that the company is on track to score big wins as demand catalysts continue to boost its performance in key markets. At the same time, some very strong growth is still priced into the stock. Trading at roughly 83 times this year's expected sales and 234 times expected earnings, Palantir has one of the most growth-dependent valuations of any large, profitable company on the market. While I think there's a good chance long-term shareholders will see strong returns above current levels, the valuation profile suggests that investors should approach the stock with the understanding that even minor performance shortfalls for the business could cause huge volatility. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies and Tesla. The Motley Fool has a disclosure policy. Palantir Sank Today -- Is the Stock a Buy? was originally published by The Motley Fool
Business Upturn
5 hours ago
- Business Upturn
Innovators Facade Systems secures Rs 61.11 crore order from Larsen & Toubro for Central Secretariat project
By Aditya Bhagchandani Published on July 2, 2025, 14:02 IST Innovators Facade Systems Limited has announced receiving a significant work order worth Rs 61.11 crore from Larsen & Toubro (L&T Construction – Buildings & Factories division). The project involves design, fabrication, supply, installation, and commissioning of façade works for the Central Secretariat Buildings 6 and 7, located at Maulana Azad Road, New Delhi. According to the company's regulatory filing, the project is expected to be completed by October 2026. This order comes from a domestic entity, and there is no related party involvement from the promoter group in this transaction. Innovators Facade Systems confirmed that this transaction does not fall under the definition of a related party transaction as per the Companies Act, 2013. Meanwhile, the shares of Innovators Facade Systems were last seen trading at Rs 138.85 apiece on the BSE, reflecting investor sentiment towards the company's latest business developments. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
