New Delhi, April 5: The Ministry of Steel-owned NMDC has implemented a revision in the prices of its iron ore products, effective April 5, 2026. In a regulatory filing with the National Stock Exchange, the mining major declared that the price for Baila Lump has been set at Rs 5,300 per tonne, while Baila Fines will now be priced at Rs 4,500 per tonne.
The company stated that these figures represent “Free on Rail” (FOR) prices. This valuation excludes several statutory charges, including royalty, the District Mineral Foundation (DMF) fee, GST, and various environmental and forest permits.
“FY26 has also been a defining year of expansion and transformation for NMDC,” the Ministry of Steel affirmed in a statement. The ministry noted that the company recently achieved a historic milestone by becoming the first Indian mining entity to exceed 50 million tonnes in annual production, finishing the 2025-26 financial year with a total output of 53.15 million tonnes.
Officials attributed this growth to exceptional performances at the Kirandul and Bacheli mines in Chhattisgarh and the Donimalai site in Karnataka. The ministry asserted that the successful commissioning of Deposit 4 at Bailadila and the operationalization of a coal mine in Jharkhand have significantly bolstered the company’s production capabilities and diversification strategy.
The filing further stated that iron ore sales reached 50.23 million tonnes, marking a 13 percent increase. This surge in volume coincided with a 51 percent year-on-year jump in production for the month of March alone.
