Sharekhan

NMDC Ltd

Tue 6/05/2025,15:59:54 | NSE : NMDC

₹ 64.36-1.59 (-2.41%)

Data is delayed. Analysis is best done in real-time! Open a FREE Sharekhan Demat A/c in 15 mins* and continue your analysis with real-time data.

Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 66.01

Previous Close

₹ 65.95

Volume

11560536

Mkt Cap ( Rs. Cr)

₹56584.14

High

₹ 66.20

Low

₹ 64.10

52 Week High

₹ 95.35

52 Week Low

₹ 59.53

Book Value Per Share

₹ 32.27

Dividend Yield

11.26

Face Value

₹ 1.00

What’s Your Call?

Collective community sentiment on NMDC Ltd

Your Vote -

Buy

78.72%

Hold

15.96%

Sell

5.32%

78.72%

8801 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

0

Bid Price

Qty

64.36

13273

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

13273

Option Chain

Analyzes market sentiment, predicts NMDC Ltd' movement.

Call Price Open interest Strike Price Put Price Open interest

News

Media spotlight triggers nmdc ltd stock attention, sentiment.

  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    2 May 2025, 2:04PM Details of Production and Sales of Iron Ore (Provisional) for the Month of April 2025
  • NMDC Ltd. - Monthly Business Updates

    2 May 2025, 1:57PM NMDC Limited has informed the Exchange regarding Monthly Business Updates for the month of April 2025
  • NMDC Ltd. - General Updates

    1 May 2025, 7:10AM NMDC Limited has informed the Exchange about General Updates - Prices of Iron Ore w.e.f. 01st May 2025
  • NMDC Ltd. - Announcement Under Regulation 30 SEBI (LODR) - General Update - Prices Of Iron Ore W.E.F. 01St May 2025.

    1 May 2025, 7:19AM Announcement under Regulation 30 SEBI (LODR) - General Update - prices of Iron Ore w.e.f. 01st May 2025
  • NMDC Ltd. - Prices Of Iron Ore W.E.F. 01St May 2025.

    1 May 2025, 7:13AM General Update - Prices of Iron Ore w.e.f. 01st May 2025.
  • NMDC Ltd. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    30 Apr 2025, 6:40PM NMDC LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Change in Management

    30 Apr 2025, 6:18PM Announcement under Regulation 30 (LODR) - Change in Management - CFO.
  • NMDC Ltd. - Change in Management

    30 Apr 2025, 6:13PM NMDC Limited has informed the Exchange about change in Management-CFO
  • NMDC Ltd. has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    20 Apr 2025, 7:00AM As of March 2025, 60.79% is owned by Indian Promoters and 39.21% by Public. <p align=justify> Institutional holds 26.84% (Insurance Companies 7.61%) a
  • NMDC Ltd. - Structural Digital Database

    19 Apr 2025, 7:35PM COMPLIANCE CERTIFICATE FOR THE QUARTER ENDED 31st MARCH 2025
  • NMDC Ltd. - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    17 Apr 2025, 2:12PM NMDC Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • NMDC Ltd. - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    17 Apr 2025, 2:16PM Compliances - Certificate under Regulation of SEBP (DP) Regulations 2018
  • NMDC Ltd. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    16 Apr 2025, 5:22PM NMDC LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • NMDC Ltd. - Change in Director(s)

    16 Apr 2025, 5:06PM NMDC Limited has informed the Exchange regarding Change in Director(s) of the company.
  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Change in Directorate

    16 Apr 2025, 5:10PM Intimation of Appointment of Non-Official Independent Director on the Board of the Company.
  • NMDC Ltd. - General Updates

    8 Apr 2025, 12:11AM NMDC Limited has informed the Exchange about General Updates Disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shareand Takeovers)
  • NMDC Ltd. - Rumour Verification - Regulation 30(11)

    7 Apr 2025, 4:36PM NMDC Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
  • NMDC Ltd. - Rumour verification - Regulation 30(11)

    7 Apr 2025, 4:44PM Rumour verification under Regulation 30 (11) of SEBI (LODR) Regulations 2015.
  • NMDC Ltd. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    4 Apr 2025, 1:01PM NMDC LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Change in Management

    4 Apr 2025, 12:36PM Entrusting of additional charge of the Post of Director (Finance), NMDC Limited to Smt. Priyadarshini Gaddam, Director (Personnel) NMDC Limited.
  • NMDC Ltd. - Change in Director(s)

    4 Apr 2025, 12:32PM NMDC Limited has informed the Exchange regarding Change in Director(s) of the company.
  • NMDC Ltd. - Monthly Business Updates

    1 Apr 2025, 3:43PM NMDC Limited has informed the Exchange regarding Monthly Business Updates for the month of March 2025
  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    1 Apr 2025, 3:47PM Details of Production & Sales of Iron Ore (Provisional) for Sfor and upto March 2025
  • NMDC Ltd. - Trading Window

    27 Mar 2025, 2:19PM NMDC Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

    21 Mar 2025, 4:13PM Intimation under Regulations 30read with Para B of Part A of Schedule III of SEBI (LODR) Regulations, 2015 - Update of Willful Slowdown : Resumption o
  • NMDC Ltd. - Strikes/Lockouts/Disturbances

    21 Mar 2025, 4:05PM NMDC Limited has informed the Exchange about strikes/lockouts/disturbances
  • NMDC Ltd. - Copy of Newspaper Publication

    18 Mar 2025, 6:29PM NMDC Limited has informed the Exchange about Copy of Newspaper Publication - Declaration of 1st Interim Dividend for FY 2024-25 andRecord Date 21st Ma
  • NMDC Ltd. has declared 230% Interim dividend for the financial year March 2025

    18 Mar 2025, 7:30AM NMDC Ltd. on Monday, 17 March 2025, has announced Interim dividend of 230 percent on Equity Share, to its shareholders holding shares on the register
  • NMDC Ltd. - Outcome of Board Meeting-XBRL

    17 Mar 2025, 7:32PM NMDC LIMITED has informed the Exchange regarding Outcome of Board Meeting held on 17-Mar-2025 for Dividend
  • NMDC Ltd. - Record Date

    17 Mar 2025, 3:04PM NMDC Limited has informed the Exchange that Record date for the purpose of Dividend is 21-Mar-2025.
  • NMDC Ltd. - Dividend

    17 Mar 2025, 2:57PM NMDC Limited has informed the Exchange that Board of Directors at its meeting held on March 17, 2025, declared 1st Interim Dividend of Rs. 2.30 per eq
  • NMDC Ltd. - Outcome Of Board Meeting - Record Date For 1St Interim Dividend For FY 2024-25

    17 Mar 2025, 3:08PM Record date for 1st Interim Dividend for FY 2024-25 is 21st March 2025 (Friday).
  • NMDC Ltd. - Board Meeting Outcome for Outcome Of Board Meeting - Declaration Of 1St Interim Dividend For FY 2024-25.

    17 Mar 2025, 3:02PM Declaration of 1st Interim Dividend for Financial Year 2024-25 @ ? 2.30 (Rupees Two and thirty paise only) per equity share of face value of ? 1/- eac
  • NMDC Ltd. - Strikes/Lockouts/Disturbances

    10 Mar 2025, 2:37PM NMDC Limited has informed the Exchange about strikes/lockouts/disturbances
  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

    10 Mar 2025, 2:49PM We hereby inform that the trade union have resorted to willful slowdown of work and work-to-rule in connection with wage settlement. The conciliation
  • NMDC Ltd. - Board Meeting Intimation

    7 Mar 2025, 5:23PM NMDC LIMITED has informed the Exchange about Board Meeting to be held on 17-Mar-2025 to consider Dividend.
  • NMDC Ltd. - Board Meeting Intimation for Intimation Of Board Meeting For Considering Interim Dividend For The Financial Year

    7 Mar 2025, 4:49PM NMDC LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/03/2025 ,inter alia, to consider and approve In
  • NMDC Ltd. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    6 Mar 2025, 8:26PM NMDC LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Change in Directorate

    6 Mar 2025, 8:09PM Appointment of Shri Amitava Mukherjee as Chairman & Managing Director (CMD) on the Board of the Company.
  • NMDC Ltd. - Change in Director(s)

    6 Mar 2025, 8:06PM NMDC Limited has informed the Exchange regarding Change in Director(s) of the company.
  • NMDC Ltd. - Monthly Business Updates

    1 Mar 2025, 5:07PM NMDC Limited has informed the Exchange regarding Monthly Business Updates for the month of February 2025 - Production & Sales
  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Monthly Business Updates

    1 Mar 2025, 5:14PM Details of Production & Sales of Iron Ore (Provisional) for and upto February, 2025
  • NMDC Ltd. - Details Of Production & Sales Of Iron Ore (Provisional) For And Upto February, 2025.

    1 Mar 2025, 5:10PM Details of Production & Sales of Iron Ore (Provisional) for and upto February, 2025.
  • NMDC Ltd. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    28 Feb 2025, 10:46PM NMDC LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • NMDC Ltd. - Change in Director(s)

    28 Feb 2025, 10:17PM NMDC Limited has informed the Exchange regarding Change in Director(s) of the company.
  • NMDC Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    15 Feb 2025, 4:15PM NMDC Limited has informed the Exchange about Transcript
  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    15 Feb 2025, 4:25PM Transcript of NMDC Limited post Q3 FY 2024-25 Results - Analyst / Investors Conference Call held on 10th February 2025.
  • NMDC Ltd. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    10 Feb 2025, 6:04PM Link for Audio recording of Investors Conference Call held on 6th February 2025
  • NMDC Ltd. - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Feb 2025, 6:01PM NMDC Limited has informed the Exchange about Link of Recording
  • NMDC Ltd. - Copy of Newspaper Publication

    7 Feb 2025, 5:09PM NMDC Limited has informed the Exchange about Copy of Newspaper Publication
  • NMDC

    5 May 2025 , 10:14AM Company’s sales of 3.63 MT in April were up 2.8% y-o-y. The production of 4 MT grew strongly at 14.9% y-o-y.
  • NMDC hikes prices

    2 May 2025 , 9:55AM Lump ore & fines prices hiked by Rs 440/tonne
  • NMDC

    2 Apr 2025 , 10:01AM NMDC: Iron ore production down 27% at 3.55 mt vs 4.86 mt, Iron ore sales up 6.3% at 4.21 mt vs 3.96 mt (YoY).
  • NMDC

    2 Apr 2025 , 8:58AM Iron ore production down 27% at 3.55 mt vs 4.86 mt last year, Iron ore sales up 6.3% at 4.21 mt vs 3.96 mt last year. Negative
  • NMDC

    24 Mar 2025 , 10:08AM NMDC: Federation of the unions asked their members to resume duties fully & employees have resumed duties & normal operations have resumed at all the projects. Positive
  • NMDC

    3 Mar 2025 , 10:49AM Production in February of 4.62 MT, up 18% y-o-y while sales of 3.98 MT was almost flat y-o-y.
  • NMDC

    3 Feb 2025 , 9:08AM NMDC: Company’s production for January of 5.1MT was up 12% y-o-y while sales of 4.48MT were down 2% y-o-y. Soft numbers from the company
  • NMDC

    2 Jan 2025 , 10:38AM The company reported iron ore total sales at 3.91 million tonnes in December, down 6.7% year-on-year. Iron ore total production was at 4.71 MT, up 5.1% year-on-year. Negative
  • Stock update: NMDC Q2FY2025 result update

    26 Nov 2024 , 11:27AM Stock update: NMDC Q2FY2025 result update – Soft quarter; maintain hold
  • NMDC

    3 Sep 2024 , 11:01AM Company reported a 10% decrease in total production to 3.07 MT and an 11.3% drop in total sales to 3.14 MT in August 2024. Negative.
  • NMDC

    2 Sep 2024 , 2:00PM Chattisgarh's Dantewala district administration imposes Rs 1,620 Cr penalty on NMDC for violations. Negative
  • Stock update: NMDC Q1FY2025 result update

    23 Aug 2024 , 1:06PM Stock update: NMDC Q1FY2025 result update – Price cuts to affect performance; Downgrade to hold
  • NMDC

    30 Apr 2024 , 9:32AM The company increased iron prices by Rs 400 per tonne for the lump ore variety and Rs 200 for a similar quantity of fines with effect from April 27. Consequent to the revision, a tonne of lump ore will now cost Rs 6,200 and fines Rs. 5,260.
  • NMDC

    2 Apr 2024 , 12:06PM The company recorded iron ore production of 4.86 million metric tons in the month of March 2024, down 13.2% y-o-y. Iron ore sales during the same period declined 18.2% to 3.96 million metric tons.
  • NMDC

    21 Mar 2024 , 11:49AM As per media report, NMDC is likely to cut Lumps & Fines prices by Rs 250/tonnes.
  • Stock Update: NMDC Ltd Q3FY24 results

    16 Feb 2024 , 11:32AM Stock Update: NMDC Ltd Q3FY24 results – Strong Q3; long-term growth story remain intact
  • NMDC

    2 Feb 2024 , 10:16AM The company recorded iron ore production of 4.54 million metric tons (mt) in January this year, growth of 8.1% y-o-y, while sales grew by 18.8% y-o-y to 4.56 mt during the month. Positive for the stock
  • NMDC

    18 Jan 2024 , 12:07PM Indian Govt rejects NMDC proposal for iron ore exports to China and have asked to focus on domestic supplies. Also, NMDC does not have plan to bid at critical mines auction.
  • Stock Update: NMDC

    4 Jan 2024 , 11:45AM Stock Update: NMDC Ltd - Recent price hike further improves growth outlook
  • NMDC

    24 Nov 2023 , 10:44AM The company hikes iron ore prices by Rs 200/t ($3/t) for delivery from November 23 Onwards. The company has fixed prices of lump ore at Rs 5,400 per tonne and fines at Rs 4,660 per tonne.
  • NMDC

    23 Nov 2023 , 10:37AM As per media reports, NMDC has taken price hike of Rs200-300/tonne for iron ore lump/fines in the state of Chhattisgarh and Karnataka. We await official announcement on price hikes by the company. Positive for NMDC as it would third price hike since September 2023 and bodes well for margin of NMDC.
  • Stock update – NMDC Q2FY24 result review

    20 Nov 2023 , 1:55PM Stock update – NMDC Q2FY24 result review: Weak Q2; valuation attractive & dividend yield healthy
  • NMDC

    28 Aug 2023 , 11:51AM The company’s Nagarnar Steel plant started producing its final product Hot Rolled Coil soon after it commenced the production of hot metal. This is on anticipated lines as NMDC’s management in its recent earnings call had highlighted for to start full commissioning of steel plant in August.
  • NMDC

    19 Jun 2023 , 10:32AM The government is likely to invite financial bids for privatising NMDC Steel only after the commissioning of the blast furnace at the company's steel plant in Chhattisgarh this month. The government is looking to sell 50.79 per cent of its shareholding, along with management control.
  • NMDC

    2 May 2023 , 9:07AM As per media reports, NMDC has cut iron ore lump price by Rs300/tonne to Rs4200/tonne and that of fines by Rs100/tonne to Rs4010/tonne respectively. Negative read through for NMDC.
  • GMDC, NMDC

    25 Apr 2023 , 11:04AM The government is planning to amend the Mines and Minerals (Development and Regulation) Act, 1957 to encourage exploration of rare, critical and deep-seated minerals such as gold, silver, copper and zinc. This could be long term positive for GMDC and NMDC if they participate and win the likely bids for mines for critical minerals.
  • NMDC

    19 Apr 2023 , 3:22PM As per media reports, financial bids for NMDC Steel plant may be called by next month. Government plans to divest 50.79% stake in NMDC Steel plant along with management control. Government has received interest from big companies like JSW, JSPL, Tata Steel and Vedanta and has expects to complete the divestment by October 2023. Value unlocking is positive for NMDC
  • NMDC

    19 Apr 2023 , 2:31PM As per media reports, financial bids for NMDC Steel plant may be called by next month. Government plans to divest 50.79% stake in NMDC Steel plant along with management control. Government has received interest from big companies like JSW, JSPL, Tata Steel and Vedanta and has expects to complete the divestment by October 2023. Value unlocking is positive for NMDC
  • NMDC

    21 Mar 2023 , 10:31AM As per media reports, company has hiked iron ore fines prices by up to Rs 200/t. Positive read through
  • NMDC

    22 Feb 2023 , 10:39AM The international has surged above $130/tonne mark (at 7-month high level) and it is expected that supply tightness would continue in near term while China reopening would drive demand. India iron ore price are at steep discount of >60% to international iron ore price and provide scope for further price hike for domestic iron ore and the same positive for NMDC as it would support margin led earnings recovery for NMDC. We have Buy rating on NMDC.
  • NMDC

    30 Jan 2023 , 9:50AM As per media reports, NMDC has hiked iron ore lump/fines price by ~Rs300/Rs500/tonnes to Rs4,800/Rs3,910 per tonne. This is the fourth iron ore price hike since the removal of iron ore export duty. Also, as per media reports, the government has received multiple Expressions of Interest (EoI) for the proposed strategic disinvestment of NMDC Steel Ltd (NSL). We await more details about the bidders and believe that divestment of NSL could unlock value for NMDC and further improve dividend payout ratio. Positive read through for NMDC.
  • Stock update: NMDC

    2 Jan 2023 , 12:23PM Stock update: NMDC Ltd - Upgrade to Buy on China reopening and firm iron ore prices
  • NMDC

    2 Jan 2023 , 9:46AM As per media reports, the company has increased iron ore price by ~Rs600/ton w.e.f from 1st January 2023. Price hike bodes well for margin recovery and is positive for the stock. We have a recently upgraded our rating on NMDC to Buy.
  • NMDC

    2 Dec 2022 , 10:31AM As per media reports, government has invited bids to sell 50.8% stake in NMDC Steel. We highlight here that NMDC has done capex of more than Rs20,000 crore for the steel plant and is in the process to demerge the same in NMDC Steel. A stake sale in NMDC Steel could unlock value but current weak steel prices may impact valuation. We have Hold rating on NMDC Limited.
  • NMDC

    30 Nov 2022 , 11:19AM As per media sources, the company has hiked Iron Ore Prices by Rs300 /tonne w.e.f today. Also, it has reversed price cut of Rs 300/tonne taken earlier in Nov 2022.It thus revises prices on lumps at Rs4100/tonnne and fines at Rs 2910/tonne View: The revision is just reversal of earlier price cut and overall we expect iron ore price/margin to remain muted and have hold rating on the stock.
  • NMDC

    11 Oct 2022 , 10:05AM As per media reports, NMDC has received approval for demerger of its steel plant and the same would be hived off into a separate company NMDC Steel Limited. Although steel plant demerger it is on expected line but would pave way for strategic sale and potential value unlocking in NMDC Steel Ltd. Also, NMDC has maintained its iron ore lump/fine price at Rs4100/Rs2910 per tonne for the third consecutive month and indicates at stability in domestic iron ore price. Approval of steel demerger is sentimentally positive for NMDC Limited.
  • NMDC

    3 Oct 2022 , 2:16PM The company’s iron ore production increased by 1.5% to 2.73mt while its sales volume was up by 6.6% to 2.91mt in September 2022.
  • NMDC

    5 Aug 2022 , 12:59PM As per media reports, DIPAM is expected to soon issue expression of interest (EoI) for NMDC’s Nagarnar steel plant. We highlight here that shareholders and lenders of NMDC has already approved demerger of Nagarnar steel plant and this could result in some value unlocking for NMDC; however valuation for steel companies has come under stress due to recent sharp fall in steel price and spreads. We have Hold rating on NMDC Limited.
  • NMDC

    28 Jul 2022 , 2:26PM NMDC Limited: Iron ore price on China’s Dalian commodity exchange surges by over 7% to Yuan793/tonne on reports of likely real estate relief plan by China which could revive demand for steel and steelmaking raw materials like iron ore. A relief in iron ore price is sentimentally positive for domestic players but overall earnings outlook remain weak as iron ore export duty would impact iron ore pricing/margin. We have Hold rating on NMDC Limited.
  • NMDC

    12 Jul 2022 , 1:09PM As per media reports, NMDC has further reduced iron ore price by Rs500/tonne or 11-15% and cumulative price has been lowered by 36%/46% for iron ore lump/fines. We have recently highlighted that domestic iron ore price would remain under pressure post imposition of 50% export duty on iron ore. The weak iron ore price to impact margin/earnings of NMDC. We have Hold rating on the stock.
  • Tata Steel and NMDC

    5 Jul 2022 , 12:38PM Tata Steel has completed acquisition of 93.71% stake in Neelachal Ispat Nigam Ltd (NINL) through its subsidiary Tata Steel Long Products at a consideration of Rs12,100 crore. NMDC also successfully offloaded its 10.10% stake in NINL and the same be shown as exceptional income in NMDC’s Q2FY23 results.
  • NMDC

    20 Jun 2022 , 10:03AM NMDC Limited: Iron ore price in China declined sharply by over 8% to 774 yuan per tonne on deteriorating steel demand in China due to weak steel spreads. Lower international iron ore price would put further pressure on already weak iron price in India post recent imposition of iron ore export duty of 50%. Negative read through for NMDC Limited.
  • NMDC

    6 Jun 2022 , 9:33AM As per media reports, NMDC has cut iron ore lump/fine price by 20%/25% or Rs1100/tonne. This is the second price cut since imposition of export duty of 50% on iron ore export and is negative for margin and earnings of NMDC. We have Hold rating on the stock.
  • NMDC

    25 Apr 2022 , 9:35AM Iron ore futures declined by over 8% on China’s Dalian Commodity Exchange to below 800 yuan amid growing concerns over demand as China's Covid-19 outbreak worsens. Sharp decline in international iron ore price is negative for NMDC as it would reduce India’s discount to international iron ore price and impact price hike for NMDC.
  • NMDC

    1 Apr 2022 , 2:20PM The company has increased iron ore lump/fines price by 9%/13% to Rs6m100/Rs5,160 per tonne with effect from April 01, 2022. We highlight here that NMDC has taken total price hike of 24%/27% for iron ore lump/fine price since December 2021. Recent sharp recovery in iron ore price is positive as it bodes well for margin improvement. We have Buy rating on NMDC.
  • Stock update – NMDC

    7 Mar 2022 , 12:35PM Stock update – NMDC Limited: Rising iron ore prices bode well for earnings
  • NMDC

    3 Mar 2022 , 2:21PM The company’s iron ore production/sales volume was up 12%/22% y-o-y to 4.3mt/4mt in February 2022. During 9MFY22 sales volume grew by 25% y-o-y to 37mt.
  • Stock update – NMDC Q3FY22 result review

    11 Feb 2022 , 10:33AM Stock update – NMDC Q3FY22 result review: Robust Q3, earnings outlook turns brighter
  • NMDC Q3FY22 results – Strong quarter

    9 Feb 2022 , 12:48PM NMDC Q3FY22 results – Strong quarter, PAT beat street estimate by 11% on better-than-expected margin and higher other income
  • MMTC and NMDC

    31 Jan 2022 , 4:07PM As per media reports, Government has approved sale of 93.7% stake in Neelachal Ispat for Enterprise Value (EV) of Rs12,100 crore. Positive read through for MMTC (holds 49% stake) and NMDC (holds 10% stake) given potential benefit of value unlocking and possibility of higher dividend pay-out in FY22.
  • NMDC

    3 Jan 2022 , 2:51PM NMDC: Iron ore production increased by 2.3% y-o-y to 3.95 mt but sales volume declined by 4% y-o-y to 3.4 mt. April to December sales volume was up 27.4% to 28.36MT. Weak volume for December is negative for NMDC.
  • NMDC

    14 Dec 2021 , 10:55AM Benchmark iron ore futures on the Dalian Commodity Exchange increased by 5% to 669 yuan a tonne as demand outlook improves in China. A sustained higher international iron ore price could lead to better domestic iron ore price (which has seen steep decline of ~30% since June 2021). Positive for NMDC.
  • NMDC

    6 Dec 2021 , 10:42AM NMDC Limited: The company’s board of directors has declared interim dividend of Rs9/share and fixed December 15, 2021, as the record date for the payment of interim dividend. The interim dividend is better than expectation with implied dividend yield of 6.4% on the CMP and is positive for NMDC.
  • NMDC

    3 Dec 2021 , 10:57AM NMDC Limited: The company’s board of directors is scheduled to meet today to consider approval of interim dividend for FY22.
  • NMDC

    2 Dec 2021 , 9:43AM The company iron ore production was up 0.6% y-o-y to 3.32mt while sales volume declined by 12.7% y-o-y and down 7.8% m-o-m to 3.3mt in November 2021. NMDC’s board is scheduled to meet December 03, 2021 to consider interim dividend.
  • NMDC

    30 Nov 2021 , 11:06AM As per Steel Mint, NMDC has cut iron ore fine/lump price by Rs200/Rs750 per tonne, which is a reduction of 4%/13% on the existing iron ore fine/lump prices. We await official announcement from NMDC on the price cut but believe that recent sharp stock price correction factors in weak iron ore price and ignores potential value unlocking from demerger of steel plant.
  • NMDC

    23 Nov 2021 , 11:22AM Iron ore futures contract on China’s Dalian exchange has surged by 10% to Yuan598.5/tonne as demand for iron ore improves in China. We highlight here that iron ore price has decline sharply in the last few months and need to monitor the sustainability of the recent iron ore price surge.
  • NMDC Q2FY22 results

    12 Nov 2021 , 10:26AM NMDC Q2FY22 results – Strong quarter with 7.5% beat in PAT on higher-than-expected margin
  • NMDC

    8 Nov 2021 , 12:38PM The company has maintained iron ore lump price at Rs5,950/tonne and iron ore fines price at Rs4,760/tonne. This hinds at stabilization of iron ore price (post steep price cut in last few months) as demand from Steel sector is expected to recover post monsoon.
  • NMDC

    5 Oct 2021 , 1:31PM The company has cut iron ore lump/fines price by Rs200/Rs400 per tonne (a cut of 3/8%) to Rs5,950/Rs4,760 per tonne for October 2021. NMDC has taken total price cut of 22%/27% for iron ore lump/fines since domestic iron ore price in June 2021 and the same is much lower than steep fall in the international iron ore price. We believe that NMDC’s stock price largely factors in the recent iron ore price correction.
  • NMDC

    4 Oct 2021 , 11:06AM The company iron ore production/sales volume grew strongly by 47%/29% y-o-y to 2.7mt/2.7mt in September 2021 and grew by 57%/37% in Q2FY2022 supported by the restart of production from Donimalai mine.
  • NMDC

    30 Sep 2021 , 10:33AM Iron ore future price on China’s Dalian Commodity Exchange increased by 6.6% to ~ Yuan 778 tonne and even in the imported/spot iron ore price in China recovered to $114/$119/ per tonne. Improvement in international iron ore price is near term positive for NMDC as the stability in the same is important for iron ore miners.
  • NMDC

    6 Sep 2021 , 10:21AM As per media reports, NMDC has cut iron ore lump/fines price by Rs1000/tonne (a cut of 14-16%) for September 2021. This is a third price cut by NMDC in last three months with total price cut in the range of Rs1400-1500/tonne (~20% price cut) since July 2021. Although iron ore price cut is negative for NMDC but the same is on the expected lines given recent steep fall seen in China’s iron ore prices.
  • NMDC

    2 Sep 2021 , 10:51AM The company’s iron ore production and sales volume increased by 89% y-o-y and 63% y-o-y to 3.06 mt and 2.91 mt respectively for the month of August 2021. During April-August 2021, the company’s iron ore sales volume grew by 45% y-o-y to 15.7 mt. Positive read through for NMDC.
  • NMDC

    25 Aug 2021 , 9:51AM Iron ore futures in Singapore has increased by 3% post the sharp rally of 9% seen yesterday. Recovery in international iron ore price is positive for NMDC.
  • NMDC conference call takeaways

    18 Aug 2021 , 11:50AM NMDC conference call takeaways – robust volume growth guidance; domestic iron ore price stabilised and at 40% discount to imported price
  • NMDC: Stock update

    16 Aug 2021 , 11:57AM NMDC: Stock update - Margins brighten Q1; steel plant demerger key re-rating catalyst
  • NMDC Q1FY22 results

    13 Aug 2021 , 10:48AM NMDC Q1FY22 results – Strong operating performance led by beat in margin
  • NMDC

    6 Aug 2021 , 2:47PM The company has cut lump ore/fines prices by 4%/3% to Rs7,150/Rs6160 per tonne with effect from August 08, 2021. This is a second price cut by NMDC in last two months with total price cut in the range of 6-7%, which is marginal cut (primarily due to seasonal factors) when compared to net price of 40%/46% for iron ore lump/fine. We have Buy rating on NMDC.
  • NMDC

    2 Aug 2021 , 5:41PM The company’s iron ore production/sales volume increased sharply by 40%/28% y-o-y to 3.1mt/3.3mt for July 2021. Also, the sales volume was up 3.5% m-o-m. Iron ore sales volume grew strong by 43% y-o-y to 12.9mt for the period April’21-July’21. Robust sales volume growth (reflects strong demand environment) and iron ore pricing (domestic iron ore price steep discount to China iron ore price) bodes well for earnings growth of NMDC. We have Buy rating on the stock.
  • NMDC

    16 Jul 2021 , 10:59AM The company is proposing to offer up to 89.08 lakh equity shares (0.45% of total shares) to the eligible employees of the company at a price Rs165.5/share (4% discount to yesterday’s closing price of Rs173). The Employee OFS will remain open from July 16-18, 2021. Recently, the government sold ~7.49% equity share of the company through an OFS.
  • NMDC – Stock update

    14 Jul 2021 , 10:26AM NMDC Limited – Stock update: Demerger of the steel plant – A key re-rating trigger
  • NMDC board approves demerger between co and NMDC Steel

    13 Jul 2021 , 3:26PM Approves scheme of arrangement for demerger between NMDC and NMDC Steel Ltd
  • NMDC

    12 Jul 2021 , 10:48AM The company has cut iron ore price by Rs200/tonne for July deliveries. This is a marginal cut of only 3% (as compared ~50-56% price hike since Feb'21) and does not see any meaningful impact on NMDC and maintain our Buy rating on the stock.
  • NMDC

    6 Jul 2021 , 9:41AM Government will sell 7.49% of its stake in NMDC through an offer for sale (OFS) with an initial plan to sell 11.72 crore shares (4% of stake) with a green shoe option to sell another 10.22 crore shares (3.49% stake). The floor price has been fixed at Rs165/share, which is at a discount of 5.9% to NMDC's yesterday's closing price of Rs175. The OFS opens for non-retail investors today and for retail investors tomorrow. We highlight here the government holds 68.3% stake in NMDC.
  • NMDC

    1 Jul 2021 , 12:20PM As per media reports, NMDC will raise ~Rs 5,000 crore to fund its under-construction of Rs 21,300 crore for Nagarnar Steel Plant (NSP). We highlight here that NMDC is targeting to commission the steel plant and complete its demerger by Q3FY2022. Potential demerger and strategic sale of steel plant is expected to unlock value and provides upside to the valuation as street as ascribing only 50% value to the Nagarnar Steel Plant. We have Buy rating on NMDC.
  • NMDC- Stock update – Q4FY21 results

    24 Jun 2021 , 8:54AM NMDC – (Stock update – Q4FY21 results): Solid Q4; Robust growth outlook and attractive valuation
  • NMDC Q4FY21 results

    23 Jun 2021 , 11:00AM Strong results with 15% beat in operating profit at Rs4,240 crore (up 53.3% q-o-q) led by higher ore realisation at Rs6,138/tonne (up 31% q-o-q), volumes up 19.5% q-o-q to 11.1mt (in-line with estimates)
  • NMDC OFS: Process to begin in June

    15 Jun 2021 , 3:49PM Government is expected to sell 7.5-10% stake at a discount to 8-10% on CMP
  • NMDC

    7 Jun 2021 , 9:17AM NMDC Limited: The company has maintained iron ore lump/fines price at Rs7,650/Rs6,560 per tonne for June 2021 despite recent sharp volatility in international iron ore prices. No cut in the price is good sign for sustained high profitability (NMDC had increased iron ore lump/fines price by 50%/56% since February 2021) while volume offtake to improve sharply in FY2022 as it has resumed production from it Donimalai Iron in Karnataka. We have Buy rating on NMDC.
  • NMDC

    3 Jun 2021 , 9:10AM NMDC: China iron ore prices has increased sharply by 10.3% to ~$209/tonne on Wednesday’s trade. With this, China iron ore price has increased by ~16% in the last two days. Improving international iron ore pricing would help domestic price to remain strong and result in sustained high profitability for domestic iron ore miners and is positive for NMDC.
  • NMDC

    2 Jun 2021 , 10:20AM NMDC: The company iron ore production/sales volume increased sharply by 22%/29% y-o-y to 2.8mt/3.3mt for May 2021. Iron ore sales volume grew strong by 63% y-o-y to 6.4mt for the period April’21-May’21. Robust sales volume growth and pricing bodes well for earnings for NMDC and we have Buy rating on the stock.
  • NMDC

    1 Jun 2021 , 10:11AM NMDC: Iron ore futures gain more than 5% on China’s Dalian exchange on media reports that steel hub Tangshan plans to relax restriction for steel production and thus improve iron ore demand. Improving iron ore pricing is positive for NMDC.
  • NMDC and steel stock

    20 May 2021 , 9:15AM Price of key benchmark iron ore price futures down by ~8% on China’s Dalian Commodity and China’s HRC/steel rebar futures also down by 8%. We highlight here that domestic iron ore and steel price are at steep discount to international prices, which provides cushion to price/margin in India although volatility may remain in international prices post sharp run-up recently. We have Buy rating on NMDC and JSW Steel.
  • NMDC

    14 May 2021 , 11:05AM Benchmark iron ore price futures declined by ~9.5% on China’s Dalian Commodity Exchange. This is a near tern negative for NMDC and we highlight here that India’s iron ore price is at steep ~60% discount to China iron ore price and the same provides cushion to domestic iron ore price against volatility in the China iron ore prices. Additionally, domestic iron ore supply is expected to remain in deficit over 2022-2023 and thus we expect India iron ore price to remain strong. We have Buy rating on NMDC.
  • NMDC

    12 May 2021 , 9:08AM As per media reports, NMDC is believed to have hiked iron ore lump price by Rs700/tonne (12% hike) and iron ore fines price by Rs1500/tonne (33% hike). We await an official announcement by the company on recent price increases. In our view, the hike in iron ore price clearly indicates higher price in Odhisha (deficit of iron ore in domestic market) and international markets. Increase in iron ore prices is positive as it would help sustain high profitability and lead to consensus earnings upgrade for NMDC. We have a Buy rating on NMDC.
  • NMDC

    28 Apr 2021 , 9:35AM Benchmark 62% Fe iron ore fines price imported into Northern China (CFR Qingdao) has increased to $195.3/tonne (up ~4.8% in last two trading days) while iron ore futures on the Dalian Commodity Exchange increased by 6% in last two days. Also, high grade Brazilian 65% Fe iron ore fines price are at record levels of $228/tonne. The rise in iron ore price could be attributable to higher demand for the commodity from the steel makers. Rising international iron ore price is positive for NMDC as it provides room for further iron ore price hikes given steep discount of domestic iron ore price of more than 60% compared to Chinese iron ore price. We have Buy rating on NMDC.
  • NMDC

    27 Apr 2021 , 11:15AM NMDC Limited: Iron ore futures on the Dalian Commodity Exchange increased by 4.3% and benchmark 62% Fe fines imported into Northern China (CFR Qingdao) was up by 3.9% to $194/tonne. Rising international iron ore price is positive for NMDC as it provides room for further iron ore price hikes given steep discount of domestic iron ore price of more than 60% compared to Chinese iron ore price.
  • JSW Steel and NMDC

    16 Apr 2021 , 9:14AM As per World Steel Association (WSA), India's steel demand is expected to increase by 19.8% in 2021 and 5.9% in 2022 post witnessing a sharp decline of 13.7% in 2020. India’s steel demand growth expectation for 2021 is highest among top 10 steel consuming nations in the world. Also, world steel demand is forecasted to grow by 5.8% in 2021 and 2.7% in 2022. Higher steel demand also bodes well for strong iron ore demand and pricing (China iron ore futures was up by 4.4% on Thursday on bid spread between spot cargos and futures and strong demand outlook). Strong demand and pricing are positive for metal companies. Among steel makers, we expect JSW Steel to benefit the most as it has recently commissioned capacity expansion by 5mtpa at its Dolvi plant while NMDC’s (resumed iron ore production from Donimalai mine) volume growth outlook is also strong. We have Buy rating on JSW Steel and NMDC
  • NMDC

    12 Apr 2021 , 5:03PM As per media reports, India’s iron ore production volume declined by 15.1% y-o-y to 200 million tonnes in CY2020 mainly due to sharp 55% y-o-y fall in production from Odisha (India key iron ore producing state). We believe that iron ore supply could remain deficit in CY2021 as demand is expected to remain firm (supported by strong demand from steel sector) while production ramp-up from Odisha may take more time. Thus, we expect domestic iron ore price to remain firm and benefit NMDC. We have Buy rating on NMDC.
  • NMDC – Stock Update

    6 Apr 2021 , 11:06AM NMDC – Stock Update: Price hikes and strong volume growth a positive
  • NMDC

    5 Apr 2021 , 9:32AM The company has increased iron ore lump price by 9.3% to Rs5,850/tonne and iron ore fines price by 5.8% to Rs4,560/tonne with effect from April 03, 2021. NMDC iron ore production/sales volume also grew strongly by 18%/26% m-o-m in March 2021 and its sales volume increased by 29% y-o-y/5.6% to 11.1mt/33.3mt in Q4FY2021/FY2021. The price hikes and strong volume growth provides confidence with respect to robust earnings outlook for NMDC. We have Buy rating on NMDC.
  • MMTC, NMDC

    30 Mar 2021 , 9:32AM Media reports are indicating that government has received multiple EoI for privatization of Neelachal Ispat Nigam Limited. Potential value unlocking from Neelachal Ispat would be positive for MMTC (holds 49% stake) and NMDC (holds 10% stake).
  • MMTC, NMDC

    24 Mar 2021 , 10:46AM Government will not extend the deadline (i.e. March 29, 2021) to submit EoI for strategic stake sale in Neelachal Ispat Nigam Limited. The media reports are indicating that Tata Steel, ArcelorMittal Nippon Limited and ESL Steel (owned by Vedanta Limited) are likely to put in bids for Neelachal Ispat. Potential value unlocking from Neelachal Ispat would be positive for MMTC (holds 49% stake) and (NMDC (holds 10% stake).
  • NMDC

    22 Mar 2021 , 9:31AM The company has increased iron ore lump and fine prices by 5% and 2.4% respectively to Rs5,350/ton and Rs5,100/ton. The price hike is positive for NMDC and it would further aid the profitability. We highlight here that domestic iron ore prices still at steep discount (of <50%) to China iron ore price. We have Buy rating on NMDC.
  • NMDC

    12 Mar 2021 , 9:30AM The company’s board of directors declared interim dividend of Rs7.76/share (higher than Rs5.3/share in the previous fiscal) for FY2021 and implies dividend yield of 5.9%. Positive read through for NMDC Limited.
  • NMDC

    8 Mar 2021 , 9:34AM The company’s board of directors are scheduled to meet on March 11, 2021 to consider of proposal of declaration of interim dividend for FY2021. Also, NMDC has maintained its iron ore lump and fines price at Rs5100/ton and Rs4210/ton respectively for March 2021. We have Buy rating on NMDC.
  • NMDC Limited (Re-initiate coverage) – Multiple catalysts for re-rating

    4 Mar 2021 , 10:44AM NMDC Limited (Re-initiate coverage) – Multiple catalysts for re-rating
  • NMDC

    2 Mar 2021 , 10:39AM The company’s iron ore production and sales volume grew by 19.1% and 11.7% y-o-y to 3.86mt and 3.25mt respectively. The volume growth and higher iron ore price bodes for earnings growth of NMDC.
  • NMDC

    19 Feb 2021 , 9:15AM The company has restarted iron ore production from its Donimalai mine in Karnataka as it has completed statutory requirements post it received the approval of lease extension for 20 years from Government of Karnataka. The development is positive for NMDC AS Donimalai mine was shut down for two years and restart of production would lead to higher volume (Donimalai mine has 7mt iron ore production capacity).
  • NMDC

    9 Feb 2021 , 10:13AM NMDC reported strong results with 74% y-o-y jump in EBITDA to Rs2,767 crore led by higher EBITDA margin at Rs2,980/ton (up 57.6% y-o-y) and increase of 10.4% in sales volume to 9.3 million tonnes. The sharp rise in EBITDA margin was account of iron ore price hikes which resulted in 31% y-o-y (up 39% y-o-y) increase in realisation at Rs4,691/ton. PAT came in at Rs2,158 crore (up 54.8% y-o-y; up 2.9x q-o-q) and 8% above consensus estimate
  • NMDC

    8 Feb 2021 , 11:51AM As per media reports, NMDC has cut iron fines price by 12.5% and lump price 10% with absolute amount of reduction in price of ~Rs600/ton. Negative for NMDC.
  • NMDC

    2 Feb 2021 , 9:35AM NMDC has maintained a strong volume growth momentum with 16.6%/26.4% y-o-y increase in its iron ore production/sales volume to 3.86mt/3.74mt in January 2021. We highlight here that the sales volume growth was also strong at 11.8% y-o-y in Q3FY2021. Robust volume growth momentum and recent price hikes bodes well for earnings. Positive for NMDC.
  • NMDC Ltd and Steel sector

    6 Jan 2021 , 10:40AM As per media reports, NMDC has increased iron ore lump price by 9.6% (Rs500/ton) and iron ore fines price by 4.3% (Rs200/ton) given surge in global iron ore prices. Improved volume growth and continued sharp price hikes bodes well for earnings and is positive for NMDC. Also, domestic steel companies are also believed to have taken Rs1,500/ton hike in the steel prices which is positive for JSW Steel, Tata Steel, SAIL and Jindal Steel and Power (JSPL). Tata Steel and SAIL benefits the most given their integrated operations (backward integration into captive iron ore mines makes it insulated from market price movement of iron ore).
  • NMDC

    4 Jan 2021 , 9:57AM The company’s iron ore production increased by 23.3% y-o-y to 3.7mt and sales volume was up by 19.1% y-o-y to 3.6mt in December 2020. For Q2FY2021, the production/sales volume grew by 12.3%/11.8% y-o-y while NMDC has taken total price hike of Rs1750/tonne in Q3FY2021. The sharp improvement in volume growth and price hikes bodes well for strong earnings in Q3FY2021. Positive read through for NMDC Limited.
  • NMDC

    22 Dec 2020 , 10:12AM As per media reports, NMDC has signed a MoU with Mineral Exploration Corporation Limited (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals in various states. Although it is in initial stage but collaboration of two majors would have provide synergies in development of reserves of various minerals /ores and its extraction while identifying unexplored mining areas.
  • NMDC

    16 Dec 2020 , 3:10PM As per media reports, Chhattisgarh government has also written to NMDC with demands of higher royalty for iron ore mine operations in the state on retrospective basis. We await for further clarity on the same from the management but anything of that sort would be an overhang on NMDC as Chhattisgarh account for ~73% of NMDC’s total production of 18mmt during April-November 2020.
  • NMDC

    15 Dec 2020 , 11:52AM The company Rs1,378 crore share buyback program will open on December 17, 2020 and will close December 31, 2020. The company’s board of directors had earlier approved buyback of equity shares not exceeding 13.1 crore shares (4.3% of the total paid up equity share capital) at a price of Rs105/share for an aggregate amount not exceeding Rs1,378 crore. We highlight here that buyback price of Rs105/share is at 10% discount to its CMP of Rs117.
  • NMDC

    15 Dec 2020 , 10:17AM As per media reports, NMDC has increased price of iron ore lump by 15% (Rs700/ton) and that of iron ore fines by 12% (Rs500/ton). This is the second consecutive price hike by NMDC in December (hiked price by Rs500/ton on December 12). Price hike underscores strong iron ore demand by steel players and tight domestic supply situation. Positive read through for NMDC.
  • NMDC

    7 Dec 2020 , 10:28AM Government of India reaches an agreement with the Government of Karnataka and the Ministry of Steel to extend the Donimalai Iron Ore Lease for 20 years. The mine has a total concession area of 597.54 hectares with estimated resource of 149 MT and will increase the annual iron ore production by 7mtpa. NMDC is the operator of Donimalai iron ore mine. The extension and restart of Donimalai mine is positive for NMDC as the mine was shut down for 2 years and would help to increase its iron ore sales volume.
  • NMDC

    17 Nov 2020 , 3:14PM The company has increased price of iron lumps by Rs400/ton (hike of 11.1%) to Rs4000/ton and that of iron ore fines by Rs300/ton (hike of 9.1%) to Rs3610/ton. This is the second price hike in November with increase in iron ore price by Rs150/ton on November 04, 2020. Price hike underscores strong demand by steel players and tight domestic supply situation. Positive read through for NMDC.
  • NMDC

    11 Nov 2020 , 9:33AM The company’s board of directors have approved buyback of equity shares not exceeding 13.1 crore shares (4.3% of the total paid up equity share capital) at a price of Rs105/share (12% premium to last closing price of Rs94) for an aggregate amount not exceeding Rs1,378 crore. The record date for share buyback has been fixed at November 23, 2020. Sentimentally positive for NMDC.
  • NMDC

    10 Nov 2020 , 10:12AM NMDC Limited: The company’s board of directors will meet today to consider proposal for share buyback. Sentimentally positive for NMDC.
  • NMDC

    4 Nov 2020 , 12:18PM As per media reports, NMDC has hiked iron ore lump and fines price by Rs150/tonne each to Rs3600/ton and Rs3,310/ton respectively. The price hike translates into a price increase of 4.3% for iron ore lump and 4.7% for iron ore fines and reflects improving underlining iron ore demand especially from steel sector (which is witnessing higher domestic demand). In total NMDC has increase iron ore prices by
  • NMDC

    2 Nov 2020 , 1:50PM NMDC Limited: The company’s board will meet on November 10, 2020 to consider proposal for share buyback. Sentimentally Positive for NMDC.
  • NMDC to consider share buyback

    2 Nov 2020 , 12:19PM NMDC to consider share buyback on November 10 along with results
  • NMDC

    15 Oct 2020 , 9:43AM The Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval to the demerger of Nagarnar Steel Plant (NSP) from NMDC and strategic disinvestment of the demerged company (NSP) by selling entire stake of the government in it to a strategic buyer. The work on the steel plant is expected to be completed by March 2021 with estimated investment of Rs23,140 crore (plant is 90% complete with investment of Rs17,186 crore till date). CCEA expects demerger to get completed by April 2021 and strategic sale of NSP by September 2021.
  • NMDC

    14 Oct 2020 , 2:17PM As per media reports, the Cabinet is expected to approve demerger of NMDC’s Nagarnar Steel Plant (at Chhattisgarh) and also it’s strategic sale after demerger. We highlight here that board of directors of NMDC had given in principle approval for the de-merger of its steel plant in August 2020. The de-merger and consequent sale of steel plant is directionally positive for NMDC as the street is not ascribing any value to steel plant (CWIP at ~Rs17,000 crore or Rs55/share) but the sale process for steel plant would not be an easy task and is expected to take time to materialise. Sentimentally positive for NMDC.
  • NMDC

    8 Oct 2020 , 10:51AM As per media reports, NMDC has hiked iron ore price by Rs200/tonne, which is an increase of 7% from previous prices levels. With this, NMDC has taken total price hike of close to Rs1,200/tonne which reflects and reflects improving underlining iron ore demand (NMDC sales volume up by 10.5% y-o-y in September 2020) especially from steel sector (which is witnessing higher domestic demand).
  • NMDC

    5 Oct 2020 , 11:41AM The company’s iron ore production increased by 11.6% y-o-y to 1.83mt while the sales volume was up by 10.5% to 2.1mt in September 2020. The increase in sales volume figures reflects improved iron ore demand from domestic steel players as unlockdown has led to higher steel demand in India.
  • NMDC

    16 Sep 2020 , 11:56AM The Karnataka Cabinet has cleared the NMDC’s application to start mining operations at Donimalia following the intervention of Union Mines Minister provided the NMDC clears the royalty dues of around Rs500 crore, and a new lease amount of Rs670 crore is to be paid over a year. Donimalai mine has the capacity to produce 7 million tonnes of iron ore per annum. The approval of start of operations at Donimalia removes long pending overhang for NMDC.
  • NMDC

    16 Sep 2020 , 10:31AM The Karnataka Cabinet has cleared the NMDC’s application to start mining operations at Donimalia following the intervention of Union Mines Minister provided the NMDC clears the royalty dues of around Rs500 crore, and a new lease amount of Rs670 crore is to be paid over a year. Donimalai mine has the capacity to produce 7 million tonnes of iron ore per annum. The approval of start of operations at Donimalia removes long pending overhang for NMDC.
  • NMDC

    7 Sep 2020 , 10:22AM The company has increased iron ore lump and fines prices by Rs300/ton (10-11% hike) to Rs3250/ton and Rs2960/ton respectively for September 2020. With this, NMDC has taken total price hike of Rs1000/ton (105% of total price cut of Rs950/ton during January-April 2020) and not the price are above January levels. The price hike reflects improving underlining iron ore demand (NMDC sales volume up by 20% y-o-y in August 2020) especially from steel sector (which is witnessing higher domestic demand) and is positive for NMDC
  • NMDC

    2 Sep 2020 , 11:35AM The company reported growth of 15% y-o-y and 20% y-o-y in its iron ore production and sales volume to 1.62mt and 1.8mt respectively in August 2020. The strong volume growth clearly depicts higher iron demand from steel sector and the recent iron ore price hikes bodes well for earnings.
  • NMDC board nods proposal to demerge. Stk gains

    28 Aug 2020 , 11:11AM NMDC rises by 13% to Rs. 108.85, as board approves propose to the proposal to demerge
  • NMDC

    28 Aug 2020 , 10:07AM Q1FY2021 results was broadly in-line with street expectations with adjusted EBITDA at Rs905 crore (down 51.5% y-o-y). Additionally, board of directors of NMDC has given in principle approval for the de-merger of its steel plant in Nagarnar, Chhattisgarh. The de-merger is likely to pave way for sale of steel plant and is directionally positive for NMDC as the street is not ascribing any value to steel plant (CWIP at ~Rs17,000 crore or Rs55/share) but the sale process for steel plant would not be an easy task and is expected to take time to materialise. Sentimentally positive for NMDC.
  • NMDC

    12 Aug 2020 , 9:33AM The company has taken total iron ore price hike of Rs700/ton in the last few months. The recent price hike indicates that the NMDC has rolled back ~80% of price cuts of Rs900/ton taken earlier. The price hike reflects improving underlining iron ore demand from especially from steel sector (which is witnessing higher domestic demand) and is positive for NMDC.
  • NMDC produces 2.19 mn tone iron ore in July

    5 Aug 2020 , 10:40AM NMDC registers record jump in production and sales of iron ore in July 2020
  • NMDC

    3 Aug 2020 , 1:49PM The company’s iron ore production and sales volume increased by 12.9% y-o-y and 6.6% y-o-y to 2.2mt and 2.6mt respectively in July 2020. The company has also increased the price of iron fines and lumps by 9%/8% to Rs2,360/ton and Rs2650/ton respectively with effect from July 31, 2020. We have already highlighted the price hike by NMDC in our earlier FNA. The improvement in sales volume and price hike indicates improved demand from domestic steel producers.
  • NMDC

    31 Jul 2020 , 9:11AM As per media reports, NMDC has increased iron ore price lumps and fines price by Rs200/tonne (8-9% hike) to ~Rs2650/tonne and Rs2360/tonnes respectively for August 2020. The price hike was expected by the street given better demand environment and higher steel prices. Positive read through for NMDC.
  • NMDC

    27 Jul 2020 , 12:10PM As per media reports, the commissioning of NMDC’s steel plant at Nagarnar (at Chhattisgarh) is likely to get delayed by one year from its current completion timeline of July 2020 due to disruptions caused by the COVID-19 pandemic. We highlight here that NMDC is setting up its first steel plant having capacity of 3mtpa at Nagarnar in Bastar district of Chhattisgarh at a cost of ~Rs20,000 crore.
  • NMDC

    2 Jul 2020 , 10:14AM The company has increased the iron ore fines price by 10% to Rs2160/ton and lumps price by 9% to Rs2450/ton with effect from June 30, 2020. NMDC’s iron ore production was flat y-o-y at 2.52mt and sales volume was down 7% y-o-y to 2.5mt for June 2020. For Q1FY21, the production and sales volume was down 22% y-o-y and 27% y-o-y to 6.6mt and 6.4mt respectively.
  • NMDC

    15 Jun 2020 , 12:18PM As per media reports, NMDC Ltd has temporarily suspended operations at its key iron ore mine in Chhattisgarh post the government order. The 6 million tonnes per annum Becheli mine is NMDC's largest mine and accounts for ~40% of its annual production capacity.
  • NMDC

    12 Jun 2020 , 12:19PM With respect to media reports on Chhattisgarh government disallowing the company to carry out iron ore storage in its Bailadila mines, the company has clarified that there is no written communication from the state government on the above matter. Further, the company has stated that Bilaspur High court had earlier directed the state government to refund the storage fee which was adjusted against the royalty amount payable. Subsequently, the state government has filed a review petition against the High Court order and the matter is subjudice.
  • NMDC

    8 Jun 2020 , 12:37PM International iron ore price are hovering at $102/tonne (at 10-month high price), which is an increase of 10% on y-o-y basis due to supply disruptions in Brazil (Vale, largest iron ore producer in Brazil cut its 2020 iron ore production guidance by 7-9% to 310-330 million tonnes from 340-355 million tonnes earlier) amid COVID-19 outbreak. Moreover, a sign of revival of steel production is also expected to drive demand for iron ore and thus international iron ore prices. With 29% cut in iron ore price since mid-March 2020 to Rs2,250/tonne by NMDC, we believe that iron price has bottomed and likely to increase as domestic iron ore demand is expected to improve with potential increase in steel production given relaxation of lockdown norms.
  • NMDC

    2 Jun 2020 , 11:04AM The company’s iron ore production and sales sale declined by 25% and 24% respectively to 2.3 million tons and 2.6 million tonnes in May 2020. However, we highlight here that the sales volume was up 85% m-o-m led by ramp-up in steel production. With gradual re-opening of economic activities, NMDC iron ore production and sales volume are also expected to recover while iron ore price are at parity with Odhisha after recent price cuts.
  • NMDC

    11 May 2020 , 12:41PM As per media reports, NMDC has cut the prices of its iron ore by Rs400/ton for May 2020 with iron ore fines price now at Rs1,960/ton and lumps price at Rs2,250/ton. We await official announcement with respect to price cuts from NMDC Ltd.
  • NMDC

    4 May 2020 , 11:43AM The company reported 38% and 49% y-o-y decline its iron ore production and sales volume to 1.8 million tonnes and 1.38 million tonnes in April 2020. The sharp fall in production and sales is on expected lines given shutdown of steel manufacturing units due to lockdown.
  • NMDC

    7 Apr 2020 , 12:35PM The company has lowered prices of lumps and fines by 16% and 17% month-on-month, respectively, to Rs2,650/tonne and Rs2,360/tonne for April 2020.
  • NMDC iron production in Feb slides 3% YoY

    2 Mar 2020 , 3:02PM NMDC's total iron ore production in February 2020 was 3.24 million tonnes as against 3.34 million tonnes in February 2019
  • NMDC

    7 Feb 2020 , 10:58AM NMDC Q3FY2020 results: Operating profit declined sharply on y-o-y basis due to lower iron sales volume and realisations
  • NMDC rises on execution of mining lease agreements of four mines

    14 Jan 2020 , 11:50AM Execution of mining lease deed of Baildaila mines in Chhattisgarh
  • NMDC

    14 Jan 2020 , 10:36AM The company has completed the execution of mining lease agreements of four mines (Depsot-14, 14-NMZ, 10 and 5) in Chhattisgarh and the leases is valid up to 2035. We highlight here that NMDC Ltd has already received extension letters by the Chhattisgarh government in December 2019 for the above mentioned deposits – Positive read through NMDC Limited.
  • NMDC

    2 Jan 2020 , 11:18AM The company reported strong iron ore sales volume growth of 7% y-o-y to 3.04 million tonnes while the production growth was just at 1% y-o-y to 3.13 million tonnes in December 2019. We highlight here that iron ore sales volume growth was at 3.8% y-o-y during 9MFY2020 – positive read through for NMDC Limited.
  • NMDC: December Iron Ore production at 3.13 mt Vs 3.10 mt (YoY)

    1 Jan 2020 , 3:18PM December Iron Ore production up 1% at 3.13 mt Vs 3.10 mt, Sales up 7% at 3.04 mt Vs 2.84 mt (YoY)
  • NMDC

    20 Dec 2019 , 11:09AM Ministry of Coal has allocated two coal blocks to NMDC, the Rohne (extractable reserves of 191mt and planned production capacity of 8mtpa) and Tokisud North (extractable reserves of 52mt and planned production capacity of 2.32mtpa) for commercial mining. Both these blocks are located at Hazaribagh District of Jharkhand. With Rohne coal block has coking coal and thus NMDC is exploring the possibility for setting up of coal washeries. Allotment agreement of Tokisud North coal block likely on December 24, 2019 and that for Rohne coal block would be as per the directives from Ministry of Coal. - Positive read through for NMDC
  • NMDC gets nod for revised mining plan

    19 Dec 2019 , 1:48PM Effective date for approval is till 2022
  • NMDC

    18 Dec 2019 , 1:55PM Has received extension in respect of mining leases for four deposits for a period of 20 years (i.e from 2015 till 2035) by the Chhattisgarh Government. The mining leases were earlier valid up to March 2020. Also NMDC, has received an allocation of Rohne Coal Block, which would ensure the coking coal requirement of NMDC's upcoming steel plant at Nagarnar, Chattisgarh to some extent – positive read through for NMDC.
  • NMDC

    13 Nov 2019 , 11:13AM NMDC Q2FY20 results – operating profit declined by 15.8% y-o-y due to lower iron ore sales volume (down 13% y-o-y)
  • NMDC

    14 Oct 2019 , 10:44AM NMDC: Board of Directors of NMDC has approved raising up to Rs 5,000 crore through non-convertible debentures/bonds on private placement basis.
  • NMDC

    9 Oct 2019 , 11:12AM NMDC Limited: Board of Directors of NMDC Limited will consider the proposal for fund raising through secured or unsecured non-convertible debentures/bonds on private placement basis.
  • NMDC

    3 Oct 2019 , 12:17PM NMDC Limited: Iron ore production/sales volume declined by 30.2%/18.4% y-o-y to 1.64 million tonnes and 1.91 million tonnes respectively in September 2019. We highlight here that the stock price movement of NMDC would be influenced by the news flow on Donimalai mine (recently the government has amended the Mineral Rules, 2015 and made renewal of mining lease of PSU mandatory). Positive read-thru (stock already reacted positively on Tuesday , post this newsflow)
  • NMDC restores BHEL order

    3 Sep 2019 , 10:30AM Order had been terminated in July
  • Ministry of Mines suspend the cancellation of mining lease of Donimalai mine

    22 Aug 2019 , 11:22AM NMDC Limited: As per media reports, the Ministry of Mines has suspended the cancellation of the mining lease of Donimalai mine by the Karnataka Government – This a temporary relief, thus we view this as a sentimentally positive for NMDC Limited.
  • Karnataka govt cancels NMDC lease for Donimalai mine

    21 Aug 2019 , 11:05AM NMDC Limited: Karnataka government has withdrawn approval to extend mining lease for Donimalai and will auction Donimalai block. NMDC has filed revised application against the Karnataka government’s order with the ministry of mines and requested Karnataka government to withdraw its letter. Hearing for the order was fixed on August 21, 2019. The stock has already reacted negatively to the development has declined by 11.5% in yesterday’s trade – negative read through for NMDC due to concern of production loss in case the company losses Donimalai mine.
  • NMDC Q1FY2020 results

    14 Aug 2019 , 11:44AM NMDC Q1FY2020 results: Strong PAT growth on y-o-y basis led by higher iron ore sales volume and realisation
  • Karnataka High Court rules in favour of NTPC

    11 Jul 2019 , 11:25AM NMDC Limited: Karnataka High Court quashes Karnataka state government’s demand for 80% revenues share in Donimalia mine; positive for NMDC
  • NMDC Q4 revenue declines by 6.2% yoy

    29 May 2019 , 11:02AM NMDC Q4FY2019 results: Decent growth of 10% y-o-y in operating profit on lower opex; Sales volume declined 3.5% y-o-y to 10.2mt
  • NMDC increases price of iron ore lump by 9%

    28 May 2019 , 11:06AM NMDC Limited: Has increased the price of iron ore lump by 9% over April 2019 prices to Rs3100/tonne and prices of iron ore fines by nearly 10% to Rs2,860/tonne with effect from 25-May-2019 - positive read through NMDC.
  • NMDC board declares interim dividend

    13 Mar 2019 , 10:39AM NMDC board approves interim dividend for the financial year 2018-19
  • NMDC board to consider interim dividend

    6 Mar 2019 , 1:09PM Board to meet on March 12 for interim dividend
  • Rio Tinto’s unchanged output forecast to boost iron ore prices

    1 Mar 2019 , 10:59AM Rio Tinto has kept the iron ore production forecast unchanged at 338-350 million tonnes for 2019 despite sharp cut in iron ore production by ~70 million tonnes by Vale SA after the Brazil dam collapse - positive read through for iron ore producers like NMDC as global supply disruptions is likely to lift domestic iron ore prices also. Overall,the development will augurs well for global steel prices, which inturn will helps domestic steel players like JSW steel, Sail among others.
  • NMDC

    1 Feb 2019 , 9:28AM Co . reports good set of numbers Revenue up 47.8 % at Rs 3,649.4 cr. Net profit up 77.9 % at Rs 1,576.7 crore. Ebitda up 78.1 % at Rs 2,154.3 crore. Margin at 59 % v/s 49 % Industry –
  • NMDC share buyback plan clear

    9 Jan 2019 , 1:33PM Board approves proposal to buyback of equity shares at Rs. 98 per share.
  • NMDC board to consider buyback

    8 Jan 2019 , 11:39AM Board to consider buyback of equity shares
  • NMDC board to consider buyback of shares

    8 Jan 2019 , 11:30AM NMDC board will be meeting today to consider buy-back of equity shares. Stock to be in focus.
  • NMDC cut prices for second time in a month

    3 Jan 2019 , 11:37AM NMDC falls over 3% to Rs. 93.75, on reports that the company cuts prices for iron lumps and fines for January
  • NMDC surges as board to consider buyback on Jan 08

    2 Jan 2019 , 11:24AM NMDC rises by 4% to Rs. 99.5, as board to consider buyback of the fully paid-up equity shares of the company
  • NMDC revises price of Iron Ore from December 13

    18 Dec 2018 , 11:36AM NMDC revises price of lump ore at Rs. 3,250 per ton and fines ore at Rs. 2,860 per month w.e.f. December 13 2018
  • NMDC drops price of high grade iron ore

    4 Dec 2018 , 12:31PM NMDC has slashed prices of high grade iron ore (lumps) and iron ore fine by Rs. 300 and Rs. 200 respectively for December 2018. Negative read thru for the stock
  • NMDC iron ore production at 9.85 MT in April-August

    11 Sep 2018 , 11:59AM NMDC produces 6.17 MT iron ore from its mines in Chhattisgarh and 3.68 MT from the mine in Karnataka
  • NMDC to cut lump ore prices by 3.2%

    5 Mar 2018 , 11:51AM Negative read through for the stock as NMDC to cut lump ore prices by 3.2%, and fine prices by 3.62%.
  • NMDC reaping benefits from near-term supply glut

    4 Jan 2018 , 11:54AM We advise investors to book profit at the current juncture with 26% gain over a span of three months and wait for a better entry point.
  • NMDC transfers Bailadila Iron Ore deposit 13 in favor of NMDC-CMDC

    13 Dec 2017 , 12:56PM Neutral read through for NMDC with NCL planning to start mining operations in FY2019
  • NMDC keeps iron ore price unchanged; stk up

    16 Nov 2017 , 11:59AM NMDC rises by 2% to Rs124.35, after fixing prices of lump and fine iron ores unchanged for this month compared to those of last month
  • NMDC Q2 results suggest boost in operating performance

    14 Nov 2017 , 1:19PM NMDC Q2FY2018 Results: Higher realizations boosts operating performance; Higher cost below the operating line limits earnings growth
  • NMDC reduces fine and lump iron ore prices

    5 Oct 2017 , 8:48AM NMDC has reduced Fine and lump iron ore prices by Rs100 per ton MoM each to Rs2060 and Rs2300 per ton respectively - Negative.
  • Viewpoint: NMDC

    28 Sep 2017 , 9:31AM NMDC is likely to benefit from higher realizations along with ~4% volume growth during FY2018

Key fundamentals

Evaluate the intrinsic value of NMDC Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 28762.32 22748.29 38327.32 31750.61 28099.52
Liabilities 28762.32 22748.29 38327.32 31750.61 28099.52
Equity 293.07 293.07 293.07 293.07 306.19
Gross Profit 7355.22 6063.04 12588.99 8795.86 6010.39
Net Profit 5631.91 5528.63 9398.48 6253.05 3610.12
Cash From Operating Activities 7439.43 2379.88 7617.32 7330.53 2052.94
NPM(%) 26.44 31.29 36.31 40.68 30.85
Revenue 21293.81 17666.88 25881.73 15370.06 11699.22
Expenses 13938.59 11603.84 13292.74 6574.2 5688.83
ROE(%) 19.85 19.48 33.12 22.04 12.72

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
21 Mar 2025 2.3 230 11.26 64.91
17 Sep 2024 1.5 150 11.26 262.6
27 Feb 2024 5.75 575 11.26 235.55
31 Aug 2023 2.85 285 11.26 105.75
24 Feb 2023 3.75 375 11.26 115.95
17 Feb 2022 5.73 573 11.26 153.4
14 Dec 2021 9.01 901 11.26 145.95
22 Mar 2021 7.76 776 11.26 134.1
18 Feb 2020 5.29 529 11.26 116.4
22 Mar 2019 5.52 552 11.26 111.9
27 Mar 2018 4.3 430 11.26 122.15
14 Sep 2017 1 100 11.26 116.55
16 Mar 2017 4.15 415 11.26 147.25
30 Mar 2016 1.5 150 11.26 95.95
24 Feb 2016 9.5 950 11.26 78.65
21 Sep 2015 1.3 130 11.26 131.35
18 Feb 2015 4.25 425 11.26 141.05
13 Nov 2014 3 300 11.26 170.9
17 Feb 2014 5.5 550 11.26 142.05
07 Nov 2013 3 300 11.26 139.95
19 Sep 2013 4 400 11.26 116.7
28 Feb 2013 1 100 11.26 146.8
22 Nov 2012 2 200 11.26 182.4
13 Sep 2012 2.5 250 11.26 167.85
09 Feb 2012 1 100 11.26 178.6
17 Nov 2011 1 100 11.26 236.95
15 Sep 2011 2.15 215 11.26 266.1
10 Feb 2011 1.15 115 11.26 265.35
29 Jul 2010 1 100 11.26 272.15
04 Feb 2010 0.75 75 11.26 517.3
20 Aug 2009 1.18 118 11.26 448.7
18 Feb 2009 1.03 103 11.26 170.4
04 Aug 2008 0.54 54 11.26 1405.7

Peers

Other companies within the same industry or sector that are comparable to NMDC Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Lexus Granito (India) Ltd 33.01 -0.36 0.00 129.93 -82.11 0.00
Aro Granite Industries Ltd 34.03 -0.84 0.00 98.46 8.59 0.00
Shirpur Gold Refinery Ltd 4.95 0.00 0.00 187.49 -357.41 0.00
Global Surfaces Ltd 108.88 -3.11 0.00 272.73 44.12 0.00

Company Info

Our Company was incorporated on November 15, 1958 under the Companies Act as National Mineral Development Corporation Private Limited, a private limited company at Delhi. The name of our Company was changed from National Mineral Development Corporation Private Limited to National Mineral Development Corporation Limited in terms of Section 21 of the Companies Act and the approval of the Ministry of Commerce & Industry, Department of Company Law Administration pursuant to letter no. 11(38)-SL(VI)/59 dated December 30, 1959. The fresh certificate of incorporation consequent on change of name was issued by the Registrar of Companies, New Delhi on January 5, 1960. Pursuant to an order passed by the company law board, New Delhi dated September 24, 1973, the registered office of our Company was changed from the Union Territory of New Delhi to the State of Andhra Pradesh. The Registrar of Companies, Andhra Pradesh issued a Certificate of Registration of the Order of the Central Government Confirming Transfer of the Registered Office from Delhi to Andhra Pradesh on December 27, 1973. Our Company became a deemed public limited company with effect from March 13, 1975 pursuant to the provisions of Section 43-A, Section 43 (1A) and Section 43 (1B) of the Companies Act and a new certificate of incorporation was issued on March 13, 1975. Our Company was converted into a public company with effect from May 5, 1993. The fresh certificate of incorporation consequent on the conversion under Section 31/44 of the Companies Act was issued by the Registrar of Companies, Andhra Pradesh, Hyderabad, on May 5, 1993 changing the status of our Company to a public limited company. Pursuant to a shareholders resolution dated August 31, 2007, the name of our Company was changed from National Mineral Development Corporation Limited to NMDC Limited under the provisions of Section 21 of the Companies Act, read with the Government of India, Department of Company Affairs, New Delhi, Notification No. G.S.R. 507(E) dated June 24, 1985 vide SRN A22211502. The Corporate Identity Number L13100AP1958GOI001674 and a fresh certificate of incorporation consequent upon such change of name were issued by the Registrar of Companies, Andhra Pradesh, Hyderabad, on September 17, 2007. Changes in the Registered Office Our current Registered Office is situated at Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad - 500173 Andhra Pradesh, India. The Registered Office of the Company was situated at 167, Golf Link, New Delhi, India and subsequent changes in the Registered Office are outlined in the table below: Year Change in address of the Registered Office 1960 70, Jor Bagh, New Delhi, India 1960 11, Parliament Street, New Delhi - 110 001 India 1961 1/6-B, Pusa Road, New Delhi - 110 060 India 1963 6/4 - B, Gangaram Hospital Marg, New Delhi - 110 060 India 1965 61, Ring Road, Lajpat Nagar - III, New Delhi - 110 014 India 1971 Mohan Singh Place, Irwin Road, New Delhi -India. 1972 B-35, Defence Colony, New Delhi - 110 013 India 1973 109, 109-A, First Floor, Surya Kiran Building, Kasturba Gandhi Marg, New Delhi - 110 001 India. 1974 Mukarramjahi Road, Hyderabad 500 001 Andhra Pradesh, India. 1977 Pioneer House, 6-3-653, Somajiguda, Hyderabad - 500 004 Andhra Pradesh, India. 1984 Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank Hyderabad - 500173 Andhra Pradesh, India. Certain corporate records and the prescribed forms filed with the relevant Registrar of Companies in respect of the changes in the registered office since incorporation of our Company cannot be traced. Please refer to the section titled "Risk Factors" on page xiii of this Red Herring Prospectus. Major Events and Milestones Year Event 1958 Our Company was incorporated as a government company under section 617 of the Act. 1966 Acquired the Panna Diamond Project 1968 Commenced production of iron ore from Bailadila Deposit No.14. 1977 Commenced production of iron ore from Bailadila Deposit No.5. 1977 Commenced production of iron ore from Donimalai Iron Ore Mine. 1987 Commenced production of iron ore from Bailadila Deposit No.11C. 1989 Incorporated our subsidiary company J & K Mineral Development Corporation Limited' as a joint venture with J & K Minerals Limited, to explore and exploit the magnesite mine at Panthal and to produce dead burnt magnesite. 1992 Equity Shares of our Company were split from Rs. 1000 per share to Rs. 10 per share. 1993 Our Selling Shareholder disinvested 2,130,000 Equity Shares of the Company to certain Institutional Investors and other members of the public 1998 Conferred the Mini Ratna status by Department of Public Enterprise, Government of India, which enabled our Board of Directors to exercise certain capital expenditure powers without reference to Government of India. Year Award/Recognition 1998 Conferred the 'Miniratna' status which enabled the board of our Company to inter alia exercise certain capital expenditure powers without reference to the Government of India upto Rs. 30,000,000,000 or equal to their networth whichever is lower and to establish joint venture and subsidiaries in India with the stipulation the stipulation that the equity investment of the public sector enterprises should be limited to Rs. 1000,000,000 in any one project, should not exceed 5% of the networth of the public sector enterprise in any one project or 15% of the networth of the public sector enterprise in all joint ventures / subsidiaries put together. 2002 Commenced production of iron ore from Bailadila Deposit No.10/11A. 2005 Closed the operations of diamond mine at Panna as per the directives of the Madhya Pradesh Pollution Control Board 2007 The research and development centre of our Company was certified, by Indian Register Quality Systems, to conform to the Quality Management System Standard: ISO 9001:2000 for "design and development of bulk material handling, slurry transportation and mineral processing technology; development of mineral based new products". The certificate is valid until October 23, 2010. 2007 The Bailadila Iron Ore Project Deposit 14 and 11C certified, by Indian Register Quality Systems, to conform to the Quality Management System Standard: ISO 9001:2000 for "mining, processing and supply of iron ore. The certificate was valid until November 14, 2009 In order to renew the above certificate, a re-certification audit has been conducted by the auditors of Indian Register Quality Systems from November 10, 2009 until November 13, 2009. Our Company is seeking a fresh ISO 9001: 2000 Certificate of Approval. 2007 -he Bailadila Iron Ore Project Deposit 5, 10 and 11A of our Company, certified, by Indian Register Quality Systems, to conform to the Quality Management System Standard: ISO 9001:2000 for "mining, processing and supply of iron ore". The certificate was valid until November 17, 2009. In order to renew the above certificate, a re-certification audit has been conducted by the auditors of Indian Register Quality Systems from November 14, 2009 until November 16, 2009. Our Company is seeking a fresh ISO 9001: 2000 Certificate of Approval. Our Company is in the process of acquiring an Operational Health and Safety Standard ("OHSAS") 18001: 2007 certification from Indian Register Quality Systems for all activities related to "mining and processing of iron ore"for the Bailadila Iron Ore Mine of our Company situated at Kirandul. In order to receive the above certificate, a BS 18001: 2007 certification audit has been conducted by the auditors of Indian Register Quality Systems from November 2, 2009 until November 4, 2009. Our Company is seeking the OHSAS 18001:2007 certification. 2008 Accredited as the - Centre of Excellence - in the field of mineral processing by the Expert Group of United Nations Industrial Development Organisation (UNIDO). 2008 -Equity Shares of our Company were split from Rs. 10 per share to Re. 1 per share. 2008 -Declared a bonus in the ratio of 2:1 wherein our shareholders were allotted two bonus shares for every one share held in our Company. 2008 -Entered into a memorandum of understanding with Spice Metals and Minerals for the formation of a strategic partnership for planning, acquisition, development and management of metal and mineral projects outside India. 2008 -Incorporated a joint venture `NMDC-CMDC Limited' with Chhattisgarh Mineral Development Corporation Limited to develop Bailadila iron ore Deposit No. 13. 2008Conferred the Navratna status by Department of Public Enterprise, Government of India which enabled the Board of our Company to exercise certain enhanced capital expenditure powers withoutreference to Government of India. 2008 -Ventured into new area - Wind Energy. Seven units of Wind Electricity Generators having a capacityof 1.5 MW each have been commissioned. 2008 -Conferred the 'Navratna' status which enabled the board of our Company to inter alia exercise certain capital expenditure powers without reference to the Government of India wherein the ceiling on equity investment to establish financial joint ventures and wholly owned subsidiaries in India or abroad shall be 15% of the networth of the public sector enterprise in one project limited to Rs. 10,000,000,000 subject to the overall ceiling of 30% of the networth of the public sector enterprise on such investment in all projects put together. 2008 -Achieved the first rank among the financial ranking of central public sector enterprises as per the survey carried out by Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises for the year 2007-08 on the basis of overall performance on financial and other parameters. 2008 -Awarded the Rajbhasha shield - 1st prize for the year 2007-08 of the Town Official Language Implementation Committee (undertakings) Hyderabad, Secunderabad, for excellent plementation of the official language policy amongst the public sector undertakings situated in twin cities. -Company has changed its name from National Mineral Dev.corp.Ltd. to NMDC Ltd. 2009 -Recorded a turnover of Rs.75,640 million, profit after tax of Rs. 43,720 million and paid dividend of 221% to the shareholders of our Company. -Re-opened its diamond mine at Panna after a gap of 4 years after the Supreme Court allowed the mine to operate. -Entered into a memorandum of understanding with Steel Authority of India Limited for the development of the Arki Limestone deposit for the supply of low silica high grade limestone primarily to the steel plants of our Company and Steel Authority of India Limited. -Entered into a memorandum of understanding with the Department of Mines & Geology, Government of Jharkhand for carrying out geological exploration in Jharkhand for various minerals like iron ore, lime stone, bauxi. -Received the first prize of the Government of India's Indira Gandhi Rajbhasha Shield for implementation of the official language policy and progressive use of Hindi amongst the public sector undertakings of region 'C' for the year 2006-2007. -Awarded the Steel Ministry's Rajbhasha shield for excellent implementation of the official language policy and progressive use of Hindi amongst the public sector undertakings of region 'C' for the year 2007-2008. -Accredited the CAPEXIL Award and Certificate for Top Exporter for the year 2008-09. -Accredited as one of the 'Fastest Wealth Creator' for the years 2004-2009 pursuant to the 14th Annual Wealth Creation Study by Motilal Oswal Securities Limited dated December 17, 2009. -The Bailadila Iron Ore Mine certified, by the Indian Register Quality Systems, to conform to Operational Health and Safety Standard (OHSAS) 18001:2007 for all activities related to - "mining, processing and supply of iron ore". This certificate is valid until December 23, 2012. -The Donimalai Iron Ore Mine certified, by Det Norske Veritas to conform to Operational Health and Safety Standard ("OHSAS") 18001: 2007 certification for "mining and processing of iron ore". The certificate is valid until December 17, 2012. - The Donimalai Iron Ore Mine certified, by Indian Register Quality Systems, to conform to the Quality Management System Standard: ISO 9001:2000 for "mining, processing and supply of iron ore". The certificate is valid until February 19, 2011. 2010 -Entered into a memorandum of understanding with the Department of Mines & Geology, Government of Andhra Pradesh and Andhra Pradesh Mineral Development Corporation for the exploration and exploitation of iron ore and gold in the State of Andhra Pradesh. - State-run NMDC Ltd has inked a shareholders' agreement with Kopano Logistics Services to form a joint venture company for exploration and development of mines in South Africa. 2011 -NMDC gets green nod for Himachal limestone project -NMDC as signed a Contract Agreement with consortium comprising Siemens VAI, Austria, SVAI India and NCC Ltd., for turnkey execution of a Sinter Plant. -Nmdc has signed a Memorandum of Understanding (MoU) with Legacy Iron Ore Limited (Legacy), Australia to acquire 50% of the Company (Legacy) enabling NMDC's entry in the Australian resource sector. -NMDC signs contact agreement for the Country's Largest Blast Furnace. -NMDC Signs MoU with Minemakers Limited, Australia 2012 -NMDC signs Rs 509 cr contract with SEPC -The Company has incorporated a Special Purpose Vehicle (SPV) Company by the name of NMDC Power Ltd. -NMDC acquires 50% equity stake in Legacy Iron Ore Limited, Australia -NMDC Signs Contract Agreement for Steel Melting Shop Package -NMDC has incorporated a Joint Venture Company between NMDC and Jharkhand State Mineral Development Corporation Limited (JSMDC) by the name of Jharkhand National Mineral Development Corporation Limited (JNMDC) 2013 -NMDC is honoured with "Steelies - 2013 - Award for excellence in Project Management" NMDC Limited, Hyderabad has been conferred with "HR Leadership Award" at the Asia Pacific HRM Congress Awards 2013 -NMDC signs Memorandum of Understanding for Mineral Projects in Zimbabwe -NMDC inks agreement with Zimbabwe-based co for mineral projects in Africa 2014 -NMDC received "Most Valuable Company Award" in the Navaratna Category of India Today PSU Awards - 2014 -NMDC was awarded the "BT-Star PSU of the year Award for Outstanding Performance - among Maharatna and Navratna PSUs" -NMDC Contributes Rs. 25 lakhs for the Cause of Hudhud -NMDC acquiring 3,000 acres for Bellary steel plant 2015 -NMDC Ltd has incorporated a wholly owned subsidiary company by the name "NMDC Steel Ltd" for the purpose of transferring Iron & Steel Plant (NISP) into the newly formed subsidiary company -NMDC Ltd has signed Contract Agreements on Water Packages for its upcoming Steel Plant -NMDC recognized for its CSR Activities and Environment Management -NMDC Ltd has signed MOU with Govt. of India -NMDC has commissioned Bailadila iron ore deposit 11B in Dakshin Bastar district of Chhattisgarh with an investment of Rs 600 crore -NMDC Ltd has signed three different MoUs at Dantewada Chattisgarh -NMDC Ltd has bags the prestigious PLATTS Global Metals Award 2015 -NMDC Ltd has been awarded the India Pride Award -2015 in the metal and minerals and trade (including mining) category -NMDC Ltd has incorporated a wholly-owned subsidiary company Jharkhand Kolhan Steel Ltd. 2016 -NMDC has been awarded Ispat Rajbhasha Shield (First Prize) amongst PSUs of Ministry of Steel for implementation of Rajbhasha for the Year 2015-16. -NMDC was awarded the "Most Efficient PSU" Award -NMDC wins Governance Now PSU Award 2016 for strategic performance. 2017 -Three mines of NMDC have received 5 Star Rating". -NMDC Ltd. wins the Golden Peacock Corporate Ethics Award 2017. -NMDC signed MoUs for Research Co-operation Agreements with IMMT and IIT, Bhubaneswar -NMDC wins Dun & Bradstreet PSU Awards 2017. -NMDC receives SKOCH award (2017) in Cyber Security Category. -NMDC receives SCOPE Award at the International HR Summit - 2017. 2018 -Government has successfully divested 2.52 per cent of paid-up capital in National Mineral Development Corporation (NMDC) for an amount of Rs 1200 crore approx. (Rs. 980.05 crore from non-retail investors and Rs. 232 crore approx. from retail investors) through Offer for sale (OFS) mechanism. -NMDC, NLC to ink MoU with Aussie firm ECT for R&D project 2019 -NMDC gets Mines Bureau approval for increasing production at Kumaraswamy mines 2020 -NMDC board approves up to Rs 1,378-cr buyback plan 2021 -Petronas awards dual FEED contracts for world\\\'s largest offshore CCS project -NMDC signs MoU with India's DCI to expand in GCC and Africa 2022 -NMDC brings home 7 PRSI National Awards. -NMDC signs MoU with RailTel for ICT and Digital Solutions. -NMDC organises Plantation at Landscape Garden and adopts two tigers as part of Swachhta 2.0. -NMDC and FICCI organise International Conference on Indian Minerals and Metal Industry Roadmap for Vision 2047 detailed out on Day One. 2023 -NMDC wins Best Organisation Award for contribution to QC Movement. -NMDC launches New Logo, enters new era of global Responsible Mining. -NMDC launches Customer Portal and Product Brochure. -NMDC and CSIR-IMMT enter Collaborative Research Agreement. 2024 -The Company has issued Bonus Shares in the Ratio of 2:1. -NMDC Shines with Six Prestigious PRSI National Awards Across R&D, CSR, and Corporate Communications. -NMDC Wins the Best Public Sector Organization Implementing PR Award. -NMDC hosts an interactive session on World PR Day.

Our Company was incorporated on November 15, 1958 under the Companies Act as National Mineral Development Corporation Private Limited, a private limited company at Delhi. The name of our Company was changed from National Mineral Development Corporation Private Limited to National Mineral Development Corporation Limited in terms of Section 21 of the Companies Act and the approval of the Ministry of Commerce & Industry, Department of Company Law Administration pursuant to letter no. 11(38)-SL(VI)/59 dated December 30, 1959. The fresh certificate of incorporation consequent on change of name was issued by the Registrar of Companies, New Delhi on January 5, 1960. Pursuant to an order passed by the company law board, New Delhi dated September 24, 1973, the registered office of our Company was changed from the Union Territory of New Delhi to the State of Andhra Pradesh. The Registrar of Companies, Andhra Pradesh issued a Certificate of Registration of the Order of the Central Government Confirming Transfer of the Registered Office from Delhi to Andhra Pradesh on December 27, 1973. Our Company became a deemed public limited company with effect from March 13, 1975 pursuant to the provisions of Section 43-A, Section 43 (1A) and Section 43 (1B) of the Companies Act and a new certificate of incorporation was issued on March 13, 1975. Our Company was converted into a public company with effect from May 5, 1993. The fresh certificate of incorporation consequent on the conversion under Section 31/44 of the Companies Act was issued by the Registrar of Companies, Andhra Pradesh, Hyderabad, on May 5, 1993 changing the status of our Company to a public limited company. Pursuant to a shareholders resolution dated August 31, 2007, the name of our Company was changed from National Mineral Development Corporation Limited to NMDC Limited under the provisions of Section 21 of the Companies Act, read with the Government of India, Department of Company Affairs, New Delhi, Notification No. G.S.R. 507(E) dated June 24, 1985 vide SRN A22211502. The Corporate Identity Number L13100AP1958GOI001674 and a fresh certificate of incorporation consequent upon such change of name were issued by the Registrar of Companies, Andhra Pradesh, Hyderabad, on September 17, 2007. Changes in the Registered Office Our current Registered Office is situated at Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad - 500173 Andhra Pradesh, India. The Registered Office of the Company was situated at 167, Golf Link, New Delhi, India and subsequent changes in the Registered Office are outlined in the table below: Year Change in address of the Registered Office 1960 70, Jor Bagh, New Delhi, India 1960 11, Parliament Street, New Delhi - 110 001 India 1961 1/6-B, Pusa Road, New Delhi - 110 060 India 1963 6/4 - B, Gangaram Hospital Marg, New Delhi - 110 060 India 1965 61, Ring Road, Lajpat Nagar - III, New Delhi - 110 014 India 1971 Mohan Singh Place, Irwin Road, New Delhi -India. 1972 B-35, Defence Colony, New Delhi - 110 013 India 1973 109, 109-A, First Floor, Surya Kiran Building, Kasturba Gandhi Marg, New Delhi - 110 001 India. 1974 Mukarramjahi Road, Hyderabad 500 001 Andhra Pradesh, India. 1977 Pioneer House, 6-3-653, Somajiguda, Hyderabad - 500 004 Andhra Pradesh, India. 1984 Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank Hyderabad - 500173 Andhra Pradesh, India. Certain corporate records and the prescribed forms filed with the relevant Registrar of Companies in respect of the changes in the registered office since incorporation of our Company cannot be traced. Please refer to the section titled "Risk Factors" on page xiii of this Red Herring Prospectus. Major Events and Milestones Year Event 1958 Our Company was incorporated as a government company under section 617 of the Act. 1966 Acquired the Panna Diamond Project 1968 Commenced production of iron ore from Bailadila Deposit No.14. 1977 Commenced production of iron ore from Bailadila Deposit No.5. 1977 Commenced production of iron ore from Donimalai Iron Ore Mine. 1987 Commenced production of iron ore from Bailadila Deposit No.11C. 1989 Incorporated our subsidiary company J & K Mineral Development Corporation Limited' as a joint venture with J & K Minerals Limited, to explore and exploit the magnesite mine at Panthal and to produce dead burnt magnesite. 1992 Equity Shares of our Company were split from Rs. 1000 per share to Rs. 10 per share. 1993 Our Selling Shareholder disinvested 2,130,000 Equity Shares of the Company to certain Institutional Investors and other members of the public 1998 Conferred the Mini Ratna status by Department of Public Enterprise, Government of India, which enabled our Board of Directors to exercise certain capital expenditure powers without reference to Government of India. Year Award/Recognition 1998 Conferred the 'Miniratna' status which enabled the board of our Company to inter alia exercise certain capital expenditure powers without reference to the Government of India upto Rs. 30,000,000,000 or equal to their networth whichever is lower and to establish joint venture and subsidiaries in India with the stipulation the stipulation that the equity investment of the public sector enterprises should be limited to Rs. 1000,000,000 in any one project, should not exceed 5% of the networth of the public sector enterprise in any one project or 15% of the networth of the public sector enterprise in all joint ventures / subsidiaries put together. 2002 Commenced production of iron ore from Bailadila Deposit No.10/11A. 2005 Closed the operations of diamond mine at Panna as per the directives of the Madhya Pradesh Pollution Control Board 2007 The research and development centre of our Company was certified, by Indian Register Quality Systems, to conform to the Quality Management System Standard: ISO 9001:2000 for "design and development of bulk material handling, slurry transportation and mineral processing technology; development of mineral based new products". The certificate is valid until October 23, 2010. 2007 The Bailadila Iron Ore Project Deposit 14 and 11C certified, by Indian Register Quality Systems, to conform to the Quality Management System Standard: ISO 9001:2000 for "mining, processing and supply of iron ore. The certificate was valid until November 14, 2009 In order to renew the above certificate, a re-certification audit has been conducted by the auditors of Indian Register Quality Systems from November 10, 2009 until November 13, 2009. Our Company is seeking a fresh ISO 9001: 2000 Certificate of Approval. 2007 -he Bailadila Iron Ore Project Deposit 5, 10 and 11A of our Company, certified, by Indian Register Quality Systems, to conform to the Quality Management System Standard: ISO 9001:2000 for "mining, processing and supply of iron ore". The certificate was valid until November 17, 2009. In order to renew the above certificate, a re-certification audit has been conducted by the auditors of Indian Register Quality Systems from November 14, 2009 until November 16, 2009. Our Company is seeking a fresh ISO 9001: 2000 Certificate of Approval. Our Company is in the process of acquiring an Operational Health and Safety Standard ("OHSAS") 18001: 2007 certification from Indian Register Quality Systems for all activities related to "mining and processing of iron ore"for the Bailadila Iron Ore Mine of our Company situated at Kirandul. In order to receive the above certificate, a BS 18001: 2007 certification audit has been conducted by the auditors of Indian Register Quality Systems from November 2, 2009 until November 4, 2009. Our Company is seeking the OHSAS 18001:2007 certification. 2008 Accredited as the - Centre of Excellence - in the field of mineral processing by the Expert Group of United Nations Industrial Development Organisation (UNIDO). 2008 -Equity Shares of our Company were split from Rs. 10 per share to Re. 1 per share. 2008 -Declared a bonus in the ratio of 2:1 wherein our shareholders were allotted two bonus shares for every one share held in our Company. 2008 -Entered into a memorandum of understanding with Spice Metals and Minerals for the formation of a strategic partnership for planning, acquisition, development and management of metal and mineral projects outside India. 2008 -Incorporated a joint venture `NMDC-CMDC Limited' with Chhattisgarh Mineral Development Corporation Limited to develop Bailadila iron ore Deposit No. 13. 2008Conferred the Navratna status by Department of Public Enterprise, Government of India which enabled the Board of our Company to exercise certain enhanced capital expenditure powers withoutreference to Government of India. 2008 -Ventured into new area - Wind Energy. Seven units of Wind Electricity Generators having a capacityof 1.5 MW each have been commissioned. 2008 -Conferred the 'Navratna' status which enabled the board of our Company to inter alia exercise certain capital expenditure powers without reference to the Government of India wherein the ceiling on equity investment to establish financial joint ventures and wholly owned subsidiaries in India or abroad shall be 15% of the networth of the public sector enterprise in one project limited to Rs. 10,000,000,000 subject to the overall ceiling of 30% of the networth of the public sector enterprise on such investment in all projects put together. 2008 -Achieved the first rank among the financial ranking of central public sector enterprises as per the survey carried out by Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises for the year 2007-08 on the basis of overall performance on financial and other parameters. 2008 -Awarded the Rajbhasha shield - 1st prize for the year 2007-08 of the Town Official Language Implementation Committee (undertakings) Hyderabad, Secunderabad, for excellent plementation of the official language policy amongst the public sector undertakings situated in twin cities. -Company has changed its name from National Mineral Dev.corp.Ltd. to NMDC Ltd. 2009 -Recorded a turnover of Rs.75,640 million, profit after tax of Rs. 43,720 million and paid dividend of 221% to the shareholders of our Company. -Re-opened its diamond mine at Panna after a gap of 4 years after the Supreme Court allowed the mine to operate. -Entered into a memorandum of understanding with Steel Authority of India Limited for the development of the Arki Limestone deposit for the supply of low silica high grade limestone primarily to the steel plants of our Company and Steel Authority of India Limited. -Entered into a memorandum of understanding with the Department of Mines & Geology, Government of Jharkhand for carrying out geological exploration in Jharkhand for various minerals like iron ore, lime stone, bauxi. -Received the first prize of the Government of India's Indira Gandhi Rajbhasha Shield for implementation of the official language policy and progressive use of Hindi amongst the public sector undertakings of region 'C' for the year 2006-2007. -Awarded the Steel Ministry's Rajbhasha shield for excellent implementation of the official language policy and progressive use of Hindi amongst the public sector undertakings of region 'C' for the year 2007-2008. -Accredited the CAPEXIL Award and Certificate for Top Exporter for the year 2008-09. -Accredited as one of the 'Fastest Wealth Creator' for the years 2004-2009 pursuant to the 14th Annual Wealth Creation Study by Motilal Oswal Securities Limited dated December 17, 2009. -The Bailadila Iron Ore Mine certified, by the Indian Register Quality Systems, to conform to Operational Health and Safety Standard (OHSAS) 18001:2007 for all activities related to - "mining, processing and supply of iron ore". This certificate is valid until December 23, 2012. -The Donimalai Iron Ore Mine certified, by Det Norske Veritas to conform to Operational Health and Safety Standard ("OHSAS") 18001: 2007 certification for "mining and processing of iron ore". The certificate is valid until December 17, 2012. - The Donimalai Iron Ore Mine certified, by Indian Register Quality Systems, to conform to the Quality Management System Standard: ISO 9001:2000 for "mining, processing and supply of iron ore". The certificate is valid until February 19, 2011. 2010 -Entered into a memorandum of understanding with the Department of Mines & Geology, Government of Andhra Pradesh and Andhra Pradesh Mineral Development Corporation for the exploration and exploitation of iron ore and gold in the State of Andhra Pradesh. - State-run NMDC Ltd has inked a shareholders' agreement with Kopano Logistics Services to form a joint venture company for exploration and development of mines in South Africa. 2011 -NMDC gets green nod for Himachal limestone project -NMDC as signed a Contract Agreement with consortium comprising Siemens VAI, Austria, SVAI India and NCC Ltd., for turnkey execution of a Sinter Plant. -Nmdc has signed a Memorandum of Understanding (MoU) with Legacy Iron Ore Limited (Legacy), Australia to acquire 50% of the Company (Legacy) enabling NMDC's entry in the Australian resource sector. -NMDC signs contact agreement for the Country's Largest Blast Furnace. -NMDC Signs MoU with Minemakers Limited, Australia 2012 -NMDC signs Rs 509 cr contract with SEPC -The Company has incorporated a Special Purpose Vehicle (SPV) Company by the name of NMDC Power Ltd. -NMDC acquires 50% equity stake in Legacy Iron Ore Limited, Australia -NMDC Signs Contract Agreement for Steel Melting Shop Package -NMDC has incorporated a Joint Venture Company between NMDC and Jharkhand State Mineral Development Corporation Limited (JSMDC) by the name of Jharkhand National Mineral Development Corporation Limited (JNMDC) 2013 -NMDC is honoured with "Steelies - 2013 - Award for excellence in Project Management" NMDC Limited, Hyderabad has been conferred with "HR Leadership Award" at the Asia Pacific HRM Congress Awards 2013 -NMDC signs Memorandum of Understanding for Mineral Projects in Zimbabwe -NMDC inks agreement with Zimbabwe-based co for mineral projects in Africa 2014 -NMDC received "Most Valuable Company Award" in the Navaratna Category of India Today PSU Awards - 2014 -NMDC was awarded the "BT-Star PSU of the year Award for Outstanding Performance - among Maharatna and Navratna PSUs" -NMDC Contributes Rs. 25 lakhs for the Cause of Hudhud -NMDC acquiring 3,000 acres for Bellary steel plant 2015 -NMDC Ltd has incorporated a wholly owned subsidiary company by the name "NMDC Steel Ltd" for the purpose of transferring Iron & Steel Plant (NISP) into the newly formed subsidiary company -NMDC Ltd has signed Contract Agreements on Water Packages for its upcoming Steel Plant -NMDC recognized for its CSR Activities and Environment Management -NMDC Ltd has signed MOU with Govt. of India -NMDC has commissioned Bailadila iron ore deposit 11B in Dakshin Bastar district of Chhattisgarh with an investment of Rs 600 crore -NMDC Ltd has signed three different MoUs at Dantewada Chattisgarh -NMDC Ltd has bags the prestigious PLATTS Global Metals Award 2015 -NMDC Ltd has been awarded the India Pride Award -2015 in the metal and minerals and trade (including mining) category -NMDC Ltd has incorporated a wholly-owned subsidiary company Jharkhand Kolhan Steel Ltd. 2016 -NMDC has been awarded Ispat Rajbhasha Shield (First Prize) amongst PSUs of Ministry of Steel for implementation of Rajbhasha for the Year 2015-16. -NMDC was awarded the "Most Efficient PSU" Award -NMDC wins Governance Now PSU Award 2016 for strategic performance. 2017 -Three mines of NMDC have received 5 Star Rating". -NMDC Ltd. wins the Golden Peacock Corporate Ethics Award 2017. -NMDC signed MoUs for Research Co-operation Agreements with IMMT and IIT, Bhubaneswar -NMDC wins Dun & Bradstreet PSU Awards 2017. -NMDC receives SKOCH award (2017) in Cyber Security Category. -NMDC receives SCOPE Award at the International HR Summit - 2017. 2018 -Government has successfully divested 2.52 per cent of paid-up capital in National Mineral Development Corporation (NMDC) for an amount of Rs 1200 crore approx. (Rs. 980.05 crore from non-retail investors and Rs. 232 crore approx. from retail investors) through Offer for sale (OFS) mechanism. -NMDC, NLC to ink MoU with Aussie firm ECT for R&D project 2019 -NMDC gets Mines Bureau approval for increasing production at Kumaraswamy mines 2020 -NMDC board approves up to Rs 1,378-cr buyback plan 2021 -Petronas awards dual FEED contracts for world\\\'s largest offshore CCS project -NMDC signs MoU with India's DCI to expand in GCC and Africa 2022 -NMDC brings home 7 PRSI National Awards. -NMDC signs MoU with RailTel for ICT and Digital Solutions. -NMDC organises Plantation at Landscape Garden and adopts two tigers as part of Swachhta 2.0. -NMDC and FICCI organise International Conference on Indian Minerals and Metal Industry Roadmap for Vision 2047 detailed out on Day One. 2023 -NMDC wins Best Organisation Award for contribution to QC Movement. -NMDC launches New Logo, enters new era of global Responsible Mining. -NMDC launches Customer Portal and Product Brochure. -NMDC and CSIR-IMMT enter Collaborative Research Agreement. 2024 -The Company has issued Bonus Shares in the Ratio of 2:1. -NMDC Shines with Six Prestigious PRSI National Awards Across R&D, CSR, and Corporate Communications. -NMDC Wins the Best Public Sector Organization Implementing PR Award. -NMDC hosts an interactive session on World PR Day.

Read More

Parent Organisation

NMDC Ltd.

Founded

15/11/1958

Managing Director

Mr.Amitava Mukherjee

NSE Symbol

NMDCEQ

FAQ

The current price of NMDC Ltd is ₹ 64.36.

The 52-week high for NMDC Ltd is ₹ 66.20 and the 52-week low is ₹ 64.10.

The market capitalization of NMDC Ltd is currently ₹ 56584.14. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy NMDC Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in NMDC Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase NMDC Ltd shares.

The CEO of NMDC Ltd is Mr.Amitava Mukherjee, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

OPEN FREE* DEMAT ACCOUNT