A fall in global iron ore prices may be another worry on investors’ minds. In March 2017, NMDC had declared an interim dividend of Rs4.15 per share and shareholders could have expected something in that range or a little more. Although the December quarter output declined, higher ore prices and lower expenses ensured that profits still increased. Perhaps, the demands on its resources meant that an interim dividend at this point was not feasible. There may have been valid reasons for NMDC to not declare an interim dividend.

Source: Mint March 20, 2018 02:15 UTC