Last 140.95 INR
Change Today -0.20 / -0.14%
Volume 2.7M
NMDC On Other Exchanges
Symbol
Exchange
Natl India
OTC US
As of 5:17 AM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

nmdc ltd (NMDC) Snapshot

Open
141.00
Previous Close
141.15
Day High
141.55
Day Low
138.50
52 Week High
06/6/14 - 196.15
52 Week Low
03/12/14 - 123.10
Market Cap
558.8B
Average Volume 10 Days
2.8M
EPS TTM
16.07
Shares Outstanding
4.0B
EX-Date
11/13/14
P/E TM
8.8x
Dividend
8.50
Dividend Yield
6.04%
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 Of India Explores Options To Sell Stake In Indian Oil Corporation, NMDC, NALCO , Bharat Heavy Electricals

Government Of India is exploring options to sell 10% stake in Indian Oil Corporation Limited (BSE:530965), National Aluminium Co. Ltd. (BSE:532234) and NMDC Limited (BSE:526371) each and 5% stake in Bharat Heavy Electricals Ltd. (BSE:500103). The Department of Disinvestment has invited engagement from merchant bankers to offload stakes in Indian Oil Corporation, NMDC , NALCO , Bharat Heavy Electricals. At a time when meeting the Budget target of INR 580 billion for the current financial year seems difficult, this stake sale would fetch the government about INR 180 billion (INR 81 billion from IOC, INR 35 billion from BHEL, INR 12.3 billion from Nalco and INR 54.26 billion from NMDC). IOC shares were went up 0.4% on the BSE on January 22, 2015 and closed at INR 331.8 per share. BHEL shares closed at INR 283.7 apiece, went up 0.7 per cent on the BSE. "We plan to move fast on the new companies, in terms of getting approvals and conducting road shows," said an official with disinvestment department.

Government To Divest 10% In NMDC

Government Of India has sought expression to sell 10% stake in NMDC Limited (BSE:526371) which might bring around INR 55 billion. Government plans to sell 10% paid-up equity share capital of NMDC out of its shareholding of 80% in the domestic market. Proposals are invited from reputed merchant bankers, either singly or as a consortium, with experience and expertise in public offering/OFS in capital market.

Government Of India May Offload Stake In Indian Oil Corporation, NMDC , NALCO , Bharat Heavy Electricals

Government of India may offload 5%-10% each in Indian Oil Corporation Limited (BSE:530965), NMDC Limited (BSE:526371), National Aluminium Co. Ltd. (BSE:532234), Bharat Heavy Electricals Ltd. (BSE:500103), according to sources. The Government is working on required cabinet approvals for each company. Government officials said that the cabinet may discuss IOC stake sale proposal on Friday.

 

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