The National Mineral Development Corporation (NMDC), a state-owned enterprise based in Hyderabad, has announced an increase in iron ore prices by ₹200 per tonne, effective from May 6. The new pricing structure sets the cost of baila lump ore at ₹5,500 per tonne and fines at ₹4,700 per tonne. This adjustment follows a previous price revision on April 5, when lump ore was priced at ₹5,300 and fines at ₹4,500. The revised prices do not include additional charges such as royalty, district mineral fund, or taxes. As a key player in India's mining sector, NMDC contributes approximately 20% to the country's total iron ore production, making this price change significant for the steel industry, which relies heavily on iron ore as a raw material.