State-owned NMDC increased prices of lump ore by Rs 250 per tonne and fines by Rs 350 per tonne to Rs 6,450 and Rs 5,610 per tonne respectively. The increased prices are effective immediately. Prices include royalty and contributions to DMF and DMET, but exclude other taxes. The announcement follows a 38% fall in net profit for the March quarter due to increased expenses, impacting steel manufacturing industries reliant on iron ore.
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