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Last 129.95 INR
Change Today 0.00 / 0.00%
Volume 0.0
NMDC On Other Exchanges
Natl India
As of 7:09 AM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

nmdc ltd (NMDC) Snapshot

Previous Close
Day High
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52 Week High
06/6/14 - 196.15
52 Week Low
03/26/15 - 123.00
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Current Stock Chart for NMDC LTD (NMDC)

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nmdc ltd (NMDC) Details

NMDC Limited is engaged in the exploration, development, and evaluation of iron ore and gold assets in India and Australia. It explores for iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands. The company also focuses on coal and gold properties, as well as platinum group of elements, and bauxite. It has interests in the Bailadila iron ore mine located in Kirandul Complex, Chattisgarh; the Bailadila iron ore mine located in Bacheli Complex, Chattisgarh; an iron ore mine located in Donimalai, Karnataka; and Panna diamond mining project located in Panna, Madhya Pradesh. NMDC Limited, formerly known as National Mineral Development Corporation Limited, was founded in 1958 and is headquartered in Hyderabad, India.

5,664 Employees
Last Reported Date: 05/30/14
Founded in 1958

nmdc ltd (NMDC) Top Compensated Officers

Director of Technical, Director, Member of Sh...
Total Annual Compensation: 2.1M
Director of Personnel and Director
Total Annual Compensation: 2.7M
Compensation as of Fiscal Year 2014.

nmdc ltd (NMDC) Key Developments

Government Reportedly Lines Up 13 Psus For Stake Sale

Government has shortlisted about 13 PSUs including Indian Oil Corporation Limited (BSE:532234), National Fertilizers Ltd. (BSE:532630), MMTC Ltd. (BSE:513377), Hindustan Copper Ltd. (BSE:513599) and India Tourism Development Corp., Ltd. (BSE:532189) for stake sale to achieve the current fiscal's disinvestment target of INR 410 billion. The Department of Disinvestment plans to divest 5-15% government stake in these state-owned companies, and has already floated a draft Cabinet note to seek nod for stake sales in certain PSUs, sources said. As per the roadmap, 10% stake each would be diluted in Engineers India Limited (BSE:532178), National Aluminium Co. Ltd. (BSE:532234) , NMDC Limited (BSE:526371) and Indian Oil Corporation. As much as 15% stake would be up for sale in National Fertilizers Ltd, Hindustan Copper, India Tourism and Development, The State Trading Corporation of India Ltd. (BSE:512531) and MMTC, sources added. Besides, the government plans to dilute 5% stake each in Bharat Heavy Electricals Ltd. (BSE:500103), NTPC Ltd. (BSE:532555), Rashtriya Chemicals And Fertilizers Limited (BSE:524230) and Dredging Corp. of India Ltd. (BSE:523618), the sources said.

NMDC Ltd Announces Board Changes

NMDC Ltd. announced the appointment of Smt. Bharathi S. Sihag, Additional Secretary & Financial Advisor, Ministry of Steel (MoS) as Government Nominee Director on the Board of NMDC Ltd. with immediate effect and until further orders vice Shri V.K. Thakral, former Additional Secretary & Financial Advisor, Ministry of Steel. In terms of the above Government Order, Smt. Bharathi S. Sihag has been appointed as Additional Director and Government Nominee Director on the Board of NMDC Ltd. with effect from the March 16, 2015. Further, Shri V.K. Thakral ceased to be Government Nominee Director on the Board of NMDC w.e.f. March 16, 2015.

Government Of India Mulls Privatization Of State-Owned Companies

The government of Indian is seeking privatization of Public Utility Companies. The government could launch the disinvestment programme for 2015-2016 as early as the second week of April, provided market conditions remain favourable. It is likely to choose between a power sector and heavy industry firm for the first issue, a senior government official said. The disinvestment department is in a position to start early, having secured the Cabinet approval for stake sales in 10 companies, including Steel Authority of India Limited (BSE:500113), Coal India Limited (BSE:533278), Power Finance Corporation Limited (BSE:532810), Bharat Heavy Electricals Ltd. (BSE:500103) (BHEL), Rural Electrification Corporation Limited (BSE:532955) and NHPC Ltd. (BSE:533098). "So far, our strategy has been to surprise the markets. We have issues such as National Aluminium Co. Ltd. (BSE:532234) (Nalco) and NMDC Limited (BSE:526371) (NMDC) in our kitty. In an interview to Economic Times after the budget, Disinvestment Secretary Aradhana Johri had said that she faced a big challenge in FY 2016. "We will have 12 issues ready for disinvestment in FY2015-2016 but we will need to see market conditions. There are some constraints," she said. Besides smaller issues, the disinvestment department also has approval for 10% stake sale in Indian Oil Corporation Limited (BSE:530965) (IOC) and 5% in Oil and Natural Gas Corp. Ltd. (BSE:500312) (ONGC), which may fetch it around INR 210 billion at current market prices. "But the time is not conducive for stake sale in oil firms such as ONGC or IOC because of the global situation and also because of subsidy issues," said the official. Earlier this month, Minister of State for Finance, Jayant Sinha had told the Lok Sabha that the Cabinet Committee on Economic Affairs has approved sale of equity in four state-owned companies, including ONGC and NMDC, which may fetch the exchequer INR 225.74 billion. In a written reply, Jayant Sinha had said that based on the current market valuations, a 5% stake sale in ONGC could yield INR 132.17 billion while a 10% sale each in NMDC and Nalco would fetch about INR 50.38 billion and INR 11.9 billion, respectively. Jayant Sinha added that a 5% stake sale in BHEL could yield as much as INR 31.29 billion.


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MMTC Ltd 49.10 INR 0.00
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Steel Authority of India Ltd 71.55 INR 0.00
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