State-owned NMDC on Wednesday hiked the prices of iron ore lumps and fines by Rs 300 per tonne with immediate effect.
The announcement from the country's largest iron ore miner has come days after the government removed duty on the exports of the mineral.
The price for a tonne of lump ore or high-grade iron ore having Fe (iron) content 65.53 per cent and above has been fixed at Rs 4,100. While the rate of fines or inferior grade ore with 64 per cent and less Fe content has been increased to Rs 2,910 per tonne, NMDC said in a BSE filing.
The prices are effective Nov 30, 2022, and exclude royalty, district mineral fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee, and other taxes, the company said.