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NMDC commissions ₹5,427 cr iron ore processing project in Chhattisgarh

• NMDC commissioned a ₹5,427 cr integrated iron ore processing project in Chhattisgarh
• Project includes a 135-km slurry pipeline and a 2 MTPA pellet plant at Nagarnar
• The capacity addition is relevant to NMDC and Indian steelmakers reliant on domestic iron ore supply

NMDC Steel Share Price Jumps Nearly 2% After It Commissions Rs 5,427 Crore Iron Ore Processing Plant

Dharmesh Kant bets on banks, mining and AI themes; cautious on FMCG

• Dharmesh Kant highlighted value in Coal India and favoured banks, mining and AI themes
• He was cautious on FMCG and discussed automobiles and consumption
• Coal India and bank stocks are exposed to Kant’s stated preferences; FMCG faces his caution

Sandur Manganese sets up subsidiary to manufacture medical devices

• Sandur Manganese & Iron Ore incorporated wholly owned subsidiary Royal Sandur MedTech
• The subsidiary will manufacture medical devices
• The move diversifies Sandur Manganese beyond mining; investors in SANDUMA may watch execution and investment needs

Bihar’s ₹21,000 crore mineral reserves may generate over ₹5,000 crore annual revenue, says report

• Bihar mineral reserves are valued at over ₹21,000 crore
• Reserves may generate over ₹5,000 crore in annual revenue
• Potential mining expansion may benefit Indian metals and mining companies

STLL acquires Advent Coal Resources, Sainik Mining and Allied Services for Rs 922 crore