Latest news with #NMDCSteel
Business Upturn
27-06-2025
- Automotive
- Business Upturn
NMDC Steel to enter automotive steel segment; in talks with Ashok Leyland for supply from Nagarnar plant, says report
By Aditya Bhagchandani Published on June 27, 2025, 13:02 IST NMDC Steel Limited is set to diversify into the automotive steel segment, becoming the fourth Indian company to manufacture automotive-grade steel after Tata Steel, JSW Steel, and ArcelorMittal Nippon Steel. According to reports, the company will produce automotive steel at its Nagarnar plant in Chhattisgarh. This marks a significant milestone for NMDC Steel as it looks to expand its product portfolio beyond its existing offerings. The company is also reportedly in discussions with Ashok Leyland for the supply of automotive steel, indicating its focus on establishing key OEM partnerships as it enters this competitive market segment. This development is expected to enhance NMDC Steel's presence in the value-added steel segment and support the government's push for domestic sourcing in the auto manufacturing sector. 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.
Mint
30-05-2025
- Business
- Mint
Strong domestic demand, firm steel prices to keep SAIL in focus
After two lacklustre quarters, Steel Authority of India Ltd (SAIL) reported a rebound in performance in the March quarter (Q4FY25), driven by lower raw material costs and improved sales volumes—even as selling prices remained under pressure. SAIL's earnings before interest, tax, depreciation and amortization (Ebitda) stood at ₹3,500 crore in Q4FY25, slightly higher on a year-on-year basis. This marks a turnaround after a 5% decline in Q3 and a steep 40% drop in Q2. The blended realization for the quarter fell 10% from a year earlier to ₹55,000 per tonne. However, the company managed to offset this decline with a 9% rise in sales volumes (excluding volumes sold on behalf of NMDC Steel) and a drop in coking coal prices by about ₹1,500 per tonne. The company sold 0.36 million tonnes (mt) of steel on behalf of NMDC Steel under an agreement that provides for a fixed trading margin. Also read: Govt may harness public sector undertakings to drive green steel consumption Improved margins The company's Ebitda per tonne (adjusted for NMDC volumes) improved to ₹7,000 in Q4, up from ₹4,550 in Q3FY25, though lower than ₹7,620 reported in Q4FY24. Domestic steel prices have been under pressure due to a rise in imports, particularly flat products, which make up 95% of the imported steel. However, prices have started recovering—rising by about ₹3,000 per tonne—after the imposition of a safeguard duty on imports in April. Prices are expected to improve further after the monsoon, according to the company. The global outlook also offers some relief, with the World Steel Association projecting a rebound in consumption in 2025 after three years of decline. For FY25, SAIL's revenue dropped 3% to ₹1.02 trillion due to lower realizations, even though sales volumes rose. Ebitda for the full year declined 4% to ₹10,630 crore. The company has set a sales volume target of 19.2 mt for FY26, up from 17.9 mt in FY25. Also read: JSW-Bhushan case: Time to rewrite India's insolvency code? Operational efficiencies helped SAIL save ₹650 crore in FY25 through measures like reduced fuel consumption and higher throughput at efficient plants. Employee cost also declined during the year, despite a one-off adjustment in Q4, with a reduction in manpower and management expects savings of ₹400-500 crore in FY26. The company's plant-wise earnings reflect the disparity in steel product categories. While Ebit (earnings before interest and taxes) at Bokaro and Rourkela plants—focused on flat products—dropped 66%, Ebit at long-product-focused IISCO and Bhilai plants rose 25%. Capacity expansion plans SAIL aims to increase its total steelmaking capacity to 35 million tonnes per annum (mtpa) by FY31, up from the current 20 mtpa. The first phase of expansion, involving debottlenecking to add 2–3 mtpa, is expected by FY28. Capital expenditure (capex) is budgeted at ₹7,500 crore for FY26, up from ₹6,400 crore in FY25. Peak annual capex could reach ₹10,000 crore in FY28-29, which may put temporary pressure on the balance sheet—similar to the strain seen during the last expansion cycle between 2010 and 2020. SAIL shares have gained about 15% so far in 2025, buoyed by signs of a steel market recovery. Analysts say that trends in steel pricing and volumes will be key to determining future performance. Nuvama Institutional Equities expects the company to deliver 21% CAGR Ebitda growth over FY25–27, supported by stronger prices and lower coking coal costs. Also read: Steel prices climb as 'safeguard' duty looms, user industries warn of cost inflation
Business Standard
28-05-2025
- Business
- Business Standard
NMDC Steel reports standalone net loss of Rs 473.39 crore in the March 2025 quarter
Sales rise 53.77% to Rs 2838.25 crore Net Loss of NMDC Steel reported to Rs 473.39 crore in the quarter ended March 2025 as against net loss of Rs 860.83 crore during the previous quarter ended March 2024. Sales rose 53.77% to Rs 2838.25 crore in the quarter ended March 2025 as against Rs 1845.73 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 2373.78 crore in the year ended March 2025 as against net loss of Rs 1560.32 crore during the previous year ended March 2024. Sales rose 178.88% to Rs 8503.05 crore in the year ended March 2025 as against Rs 3048.99 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2838.251845.73 54 8503.053048.99 179 OPM % -10.24-51.77 - -21.03-47.12 - PBDT -443.80-1020.81 57 -2368.68-1648.22 -44 PBT -664.31-1273.10 48 -3321.72-2201.02 -51 NP -473.39-860.83 45 -2373.78-1560.32 -52
Mint
13-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 13 April 2025
Stocks to buy under ₹ 100: Following the relief from the ceasefire in India-Pakistan tension and encouraging developments in the US-China trade deal, the Indian stock market witnessed strong buying on Monday. The Nifty 50 index skyrocketed 916 points and closed at 24,924. The BSE Sensex finished 2,975 points higher at 82,429. The Bank Nifty index ended 1,787 points northward at 55,382. All the sectors ended in green, with IT, realty, and metal emerging as the top performers. In the broad market, the Mid-cap and Small-cap indices soared over 4% and outshone the frontline indices. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "Looking ahead, market participants will closely track the release of key inflation data—India's CPI and the US Core CPI, both scheduled for Tuesday. Additionally, investors will watch Q4 results 2025 from major companies, including Bharti Airtel and Tata Motors, which could drive sector-specific momentum. Positive momentum in Indian markets is likely to continue, driven by easing geopolitical tensions, progress on trade deals, and improving signs of economic stability." On the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed a big gap-up opening with Border Ceasefire news, which has indicated a robust move with the bulls gaining strength over the bears, closing above the previous peak of the 23,800 zone, and with further targets of 25,300 and 25,800 levels expected, the bias and sentiment have turned overall positive as of now. The important 200-DMA zone of the 24,050 level shall be the major support for the short term." Asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, "The Bank Nifty formed a Morning Star candlestick pattern on the daily chart, indicating strength. The next key hurdle for Bank Nifty is located near the 56,000–56,100 zone, while major support is seen near 53,480. Traders are advised to hold long positions and consider booking profits around the 56,000-56,100 levels." Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mahesh M Ojha, AVP — Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet — recommended buying these five intraday stocks for today under ₹ 100: NMDC Steel, NMDC, IRB Infrastructure, Ola Electric Mobility, and Edelweiss. 1] NMDC Steel: Buy at ₹ 36.12, Target ₹ 38.64, Stop Loss ₹ 34.85; and 2] NMDC: Buy at ₹ 68.08, Target ₹ 72.84, Stop Loss ₹ 65.69. 3] IRB Infrastructure: Buy at ₹ 47 to ₹ 47.85, Targets ₹ 49, ₹ 51, ₹ 53, ₹ 55, Stop Loss ₹ 45.90; and 4] Edelweiss: Buy at ₹ 80 to ₹ 81, Targets ₹ 83.50, ₹ 85, ₹ 88, ₹ 90, Stop Loss ₹ 78. 5] Ola Electric Mobility: Buy at ₹ 48.40, Target 50.90, Stop Loss ₹ 47.50.
Mint
13-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 13 April 2025
Stocks to buy under ₹ 100: Following the relief from the ceasefire in India-Pakistan tension and encouraging developments in the US-China trade deal, the Indian stock market witnessed strong buying on Monday. The Nifty 50 index skyrocketed 916 points and closed at 24,924. The BSE Sensex finished 2,975 points higher at 82,429. The Bank Nifty index ended 1,787 points northward at 55,382. All the sectors ended in green, with IT, realty, and metal emerging as the top performers. In the broad market, the Mid-cap and Small-cap indices soared over 4% and outshone the frontline indices. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "Looking ahead, market participants will closely track the release of key inflation data—India's CPI and the US Core CPI, both scheduled for Tuesday. Additionally, investors will watch Q4 results 2025 from major companies, including Bharti Airtel and Tata Motors, which could drive sector-specific momentum. Positive momentum in Indian markets is likely to continue, driven by easing geopolitical tensions, progress on trade deals, and improving signs of economic stability." On the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed a big gap-up opening with Border Ceasefire news, which has indicated a robust move with the bulls gaining strength over the bears, closing above the previous peak of the 23,800 zone, and with further targets of 25,300 and 25,800 levels expected, the bias and sentiment have turned overall positive as of now. The important 200-DMA zone of the 24,050 level shall be the major support for the short term." Asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, "The Bank Nifty formed a Morning Star candlestick pattern on the daily chart, indicating strength. The next key hurdle for Bank Nifty is located near the 56,000–56,100 zone, while major support is seen near 53,480. Traders are advised to hold long positions and consider booking profits around the 56,000-56,100 levels." Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mahesh M Ojha, AVP — Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet — recommended buying these five intraday stocks for today under ₹ 100: NMDC Steel, NMDC, IRB Infrastructure, Ola Electric Mobility, and Edelweiss. 1] NMDC Steel: Buy at ₹ 36.12, Target ₹ 38.64, Stop Loss ₹ 34.85; and 2] NMDC: Buy at ₹ 68.08, Target ₹ 72.84, Stop Loss ₹ 65.69. 3] IRB Infrastructure: Buy at ₹ 47 to ₹ 47.85, Targets ₹ 49, ₹ 51, ₹ 53, ₹ 55, Stop Loss ₹ 45.90; and 4] Edelweiss: Buy at ₹ 80 to ₹ 81, Targets ₹ 83.50, ₹ 85, ₹ 88, ₹ 90, Stop Loss ₹ 78. 5] Ola Electric Mobility: Buy at ₹ 48.40, Target 50.90, Stop Loss ₹ 47.50. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
