NMDC Limited — Updates, 10-03-2025: Strikes/Lockouts/Disturbances

The management of NMDC has reported that trade unions have initiated a work slowdown and are enforcing a work-to-rule as part of ongoing wage settlement negotiations. Conciliation proceedings are scheduled for March 17, 2025. The company is actively working to resolve the issue to restore production levels. The slowdown is anticipated to impact daily production by approximately 30% to 40% at its Iron Ore Projects, specifically at the Kirandul, Bacheli, and Donimalai complexes. Investors should monitor this development, as the potential for reduced output may affect financial performance, leading to a cautious sentiment in the near term.