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NMDC gains despite reporting 16% fall in iron ore production in first two months of FY16

05 Jun 2015 Evaluate

NMDC is currently trading at Rs. 119.60, up by 2.40 points or 2.05% from its previous closing of Rs. 117.20 on the BSE.

The scrip opened at Rs. 117.00 and has touched a high and low of Rs. 119.90 and Rs. 116.00 respectively. So far 67,000 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. 115.40 on 04-Jun-2015.

Last one week high and low of the scrip stood at Rs. 129.90 and Rs. 115.40 respectively. The current market cap of the company is Rs. 47,418.00 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.74% and 3.26% respectively.

NMDC has reported 16% fall in iron ore production, while the company’s sales of iron ore dropped 21% in the first two months of the current fiscal.

Iron ore production fell to 4.14 million tonnes (MT) in April-May of 2015-16 fiscal from 4.94 MT during the same period in 2014-15.  While, sales of ore fell to 4.54 MT from 5.74 MT during the reported period. The production of the company during 2014-15 touched a record at 30.44 MT as against 30.02 MT in 2013-14.

The company has planned a capex of Rs 3,500 crore for 2015-16 fiscal and expects iron ore prices to firm up. Further, the firm is planning to enhance production to a level of 35 MT in the current financial year. NMDC is also planning to raise its capacity to 100 MT by 2024-2025.

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.


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
View more..

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