Shares of mining companies, including NMDC, Tata Steel, Vedanta, Hindustan Zinc, and MOIL, fell by up to 5% on Wednesday following a Supreme Court ruling allowing states to collect past dues on royalties for mineral-bearing land from the Centre.

How much are the mining stocks impacted?

NMDC’s shares were particularly impacted, trading over 5% lower at Rs 212 on the NSE, while Tata Steel fell by more than 4%. Vedanta’s shares dropped by 2.5%, and Hindustan Zinc, MOIL, and MMTC were also trading around 4% weaker. 

Coal India, Orissa Minerals Development Company, and Ashapura Minechem also faced selling pressure as the decision was viewed as a significant setback for mining operators.