NMDC FY25 integrated net profit increases 17% in RS 6,538 crore; The auditor flags after the Kar or Taka government.

NMDC reported that 17.37%of integrated net profit rose from 5,571.25 rupees a year ago in 6,538.82 rupees in fiscal year. The total income of the year is 25,498.84 rupees at 22,678.73 rupees at 2023-24 fiscal year.

The Board of Directors proposed a final dividend per share per week, which is approved by shareholders. Also the first temporary dividend of RS. 2.30 of the stake in accounting accounting for 2024-25 accounting was paid. According to the company’s statement, the total dividend of the year is 2,901 rupees to shareholders.

Amitava Mukherjee, chairman of NMDC, mentioned the results, said the company aims to achieve 100 million tons (MTPA) production annually over the next five years. NMDC recorded 44.04 MT iron ore production in the fiscal year of 2024-25, and fell from 45.02 mT last year.

The Company Auditor paid attention to the Karna Taka (mineral rights and mineral bearing land) tax bill in 2024, passed by the state in December 2024.

Karnataka Governor mentioned the bill for the president’s consent, along with a reservation for legitimacy. This means that it cannot be treated by law until the president’s consent.

This bill suggests the possibility of applying after tax on mineral rights and mineral bearing land in the present form. “If it is now drafted, the company may be responsible for paying about 13,975.07 croan.”