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NMDC News

15 Feb 2024

NMDC Shares Hit 52-week High On The Back Of Strong Q3 Fy24 Results

NMDC, under the Ministry of Steel, is India's largest iron ore mining company contributing to around 20 per cent of the country's demand of the key steel making raw material.

03 Jan 2024

Top 7 Stock Picks For 2024; Check List By Big Brokerage Firm ICICIdirect

Here's looking at Top 7 Stock Picks For 2024 Given By Retail Stock Brokerage ICICIdirect.

07 Jun 2021

NMDC Recruitment 2021: 21 vacancies for managers, details here

This recruitment drive will fill 21 vacancies in the organization The last day to apply is Wednesday (June 16)

09 Jan 2019

NMDC to decide on eligible shareholders for buyback on Jan 18

The finance ministry has already given a green light to the company's buyback plan.

15 Sep 2016

NMDC, MOIL's Rs 8,400-cr buyback offers to open Sep 19

Mining giant NMDC and manganese miner MOIL said their share buyback programmes worth close to Rs 8,400 crore will open next week on September 19.

ICICI Securities

04 Sep 2016

Overseas roadshows for NMDC share sale begin on Monday

Government will kickstart overseas roadshows from Monday to gauge investor appetite for the Rs 4,000 crore NMDC stake sale.

19 Jun 2016

Will not cut govt stake in power PSUs below 51%: Piyush Goyal

Supporting Finance Ministry's disinvestment plan for public sector undertakings, Union Minister Piyush Goyal has said his ministry will not reduce the government's stake in power sector PSUs below 51 percent.

National Mineral Development Corporation

04 Oct 2015

NMDC slashes iron ore rates by over 50%; more revision likely

State-run miner National Mineral Development Corporation (NMDC) has slashed iron ore prices by over 50 percent due to the week iron ore demand. Analysts see the prices softening further in the near-term

11 Aug 2015

Subdued demand hits NMDC Q1 Net, falls 47% to Rs 1,010 crore

NMDC had reported a net profit of Rs 1,915.01 crore in the corresponding quarter of 2014-15.

28 Jun 2015

Stable stocks to give divestment programme a big lift

The Cabinet approved sale of 5 percent stakes in ONGC, BHEL and NTPC as well as 10 percent each in IOC, NALCO and NMDC.

23 Jun 2015

Tomar asks NMDC to raise output to meet 75 MT target by 2020

Tomar who had visited NMDC headquarters in Hyderabad to review its performance asked the PSU to focus on increasing iron ore production.

International Yoga Day

21 Jun 2015

Companies observe International Yoga Day

Top officials and employees of state-owned companies such as SBI and NMDC Sunday participated in the first International Yoga Day.

NMDC Q4 results

28 May 2015

NMDC Q4 profit declines 31% to Rs 1,347 cr on lower sales

NMDC stock fell by 0.45 percent to close at Rs 131.55 per share on the BSE.

11 May 2015

NMDC in pact to set up ultra mega steel plant in Chhattisgarh

"NMDC, under the Ministry of Steel signed MoU for setting up ultra mega steel plant in Bastar region.

06 May 2015

LIC acquires NMDC shares worth over Rs 1,116 cr

State-owned iron ore miner NMDC on Wednesday said Life Insurance Corporation of India (LIC) has acquired almost 8 crore of its shares shares worth over Rs 1,116 crore in a market purchase.

20 Apr 2015

NMDC shares dip over 5% on cut in iron ore prices

Shares of state-run mining company NMDC plunged over 5 percent Monday, leading to an erosion of Rs 2,755 crore from its market valuation, after the company slashed iron ore prices by up to 20 percent.

18 Apr 2015

NMDC slashes iron ore prices by up to 20%

Coming under pressure from the domestic steel sector, NMDC Saturday slashed iron ore price by up to 20 percent for the remaining days of the current month.

30 Mar 2015

NMDC commences production at Rs 600 cr Bailadila plant

Country's top iron ore producer NMDC on Monday said it has commenced trial production at its over Rs 600 crore Bailadila plant in Chhattisgarh.

mining activity

02 Feb 2015

Govt to allow PSUs with mining experience for exploration work

The government is likely to allow state-run entities with experience in mining activity, such as NMDC, SAIL and MOIL, to carry out prospecting work on par with the likes of the Geological Survey of India.

01 Feb 2015

RINL proposes synergy with NMDC for marketing steel products

Steelmaker Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam said it in talks with PSU major NMDC for marketing steel products through its strong marketing network.

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