trending Market Intelligence /marketintelligence/en/news-insights/trending/a8zsglpzhlv-sn6e46k1ew2 content esgSubNav
In This List

NMDC shares sink after scrapping FY'18 dividend

Blog

Lithium prices hold firm, cobalt prices rally

Blog

Profit margins key to Tsingshan's battery nickel supply plans

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

The Future of Risk Management Digitization in Credit Risk Management


NMDC shares sink after scrapping FY'18 dividend

Shares of National Mineral Development Corp. Ltd. dropped over 6% in India on March 19 after the company decided to skip dividend payments for fiscal 2018.

The Indian state-owned iron ore miner declared its first interim dividend of 4.15 Indian rupees per share for fiscal 2017, which ended March 31, 2017.

NMDC in February posted a stand-alone profit of 8.87 billion rupees for its fiscal third quarter ended Dec. 31, 2017, increasing 49% year over year from 5.95 billion rupees.

As of March 16, US$1 was equivalent to 65.03 Indian rupees.