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NMDC surges on taking steps to boost production of iron ore

20 Jan 2012 Evaluate

NMDC is currently trading at Rs. 177.25, up by 1.95 points or 1.11% from its previous closing of Rs. 175.30 on the BSE.

The scrip opened at Rs. 177.50 and has touched a high and low of Rs. 179.15 and Rs. 176.65 respectively. So far 29875 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 304.90 on 07-Apr-2011 and a 52 week low of Rs. 136.15 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 184.00 and Rs. 170.00 respectively. The current market cap of the company is Rs. 70433.18 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 9.11% and 0.88% respectively.

NMDC, the largest iron ore producer in India, is employing measures to boost production of iron ore by opening up new iron ore mines and expanding the capacity of existing iron ore mines.  Iron ore, being in deregulated sector, its supply is secured by the individual companies based on their individual requirement.

The state-controlled mineral producer produced 25.15 million tonnes of iron ore during 2010-11, which is about 12% of the total estimated iron ore production of 208.11 million tonnes in the country. During 2010-11, the consumption of iron ore by the domestic industries was estimated at 111.4 million tonnes, whereas the total production of iron ore in the country during 2010-11 was estimated as 208.11 million tonnes.

NMDC supplied 23.75 million tonnes of iron ore during the period under consideration to domestic industries, which constitutes about 21% of estimated consumption of iron ore by the domestic industries. The remaining requirement of iron ore by the domestic industry was either sourced from captive iron ore mines or was supplied by other iron ore producers.

NMDC Share Price

89.78 2.60 (2.98%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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