NMDC FY 25 Consolidated net profit increased 17% to Rs. 6,538 crore; ITOR Ditter Flags Pre -Lew by the Karnataka Government

NMDC has raised Rs. 6,538.82 crore was recorded 17.37% more consolidated net profit, which was Rs. 5,571.25 crore. During the year under review, the total income is Rs. 25,498.84 crore, which was Rs.

The Company Board of Director has suggested the final dividend of RE1 per share under the approval of shareholders. In addition, the first interim dividend is Rs. 2.30 per equity share for FY 2024-25. The total dividend shareholders paid for the year will get Rs. 2,901 crore, a company statement said.

Commenting on the results, NMDC president and managing director Amitava Mukherjee said the company aims to receive 100 million tonnes (MTPA) production annually in the next five years. The NMDC noted the production of 44.04 MT iron ore in the financial year 2024-25, which was below 45.02 meters in the previous year.

In December 2024, the ITOR Deter of the company passed by the state government pointed to Karnataka (mineral rights and mineral bearing land) tax bill, 2024. Waiting for the consent of the President of India, the law is pending.

The Governor of Karnataka has mentioned the reservation on its legality of this bill for the President’s consent. This means that it cannot be considered a law unless the President’s consent is obtained.

This bill, in its current form, proposes the predetermined application of taxes on mineral rights and mineral-bearing lands. ITOR Deter noted, “If it is currently being applied as prepared, the company may be responsible for paying about 13,975.07 crore tax.”

The NMDC said that this amount has been announced in financial statements, considering the remaining legal process, the governor’s reservation and the ongoing stakeholder discussions.