NMDC is currently trading at Rs. 134.85, up by 0.40 points or 0.30% from its previous closing of Rs. 134.45 on the BSE.
The scrip opened at Rs. 136.50 and has touched a high and low of Rs. 136.50 and Rs. 133.65 respectively. So far 24288 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 196.15 on 06-Jun-2014 and a 52 week low of Rs. 123.10 on 12-Mar-2014.
Last one week high and low of the scrip stood at Rs. 140.60 and Rs. 132.20 respectively. The current market cap of the company is Rs. 53305.61 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 17.38% and 2.61% respectively.
NMDC is all set to commission its new iron ore mines -- Deposit - 11B in Bailadila sector of Chhattisgarh and Kumaraswamy in Donimalai sector of Karnataka -- in March and August of next year respectively.
These two mines will increase the company’s output capacity by 14 million tonnes, which would help the public sector miner to increase production levels substantially. The delayed projects forced NMDC to keep output growth target at low levels in recent years. The Steel Ministry has asked NMDC to increase iron ore production at a faster clip in the next few years than envisaged.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
