NMDC is currently trading at Rs. 104.75, up by 0.70 points or 0.67% from its previous closing of Rs. 104.05 on the BSE.
The scrip opened at Rs. 104.85 and has touched a high and low of Rs. 105.00 and Rs. 104.25 respectively. So far 46642 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 187.55 on 08-Sep-2014 and a 52 week low of Rs. 100.75 on 04-Aug-2015.
Last one week high and low of the scrip stood at Rs. 105.00 and Rs. 100.75 respectively. The current market cap of the company is Rs. 41470.93 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.55% and 3.45% respectively.
NMDC is likely to start a 400-km underground slurry pipeline from Bailadila in Chhattisgarh to Visakhapatnam in Andhra Pradesh (AP) by 2018. The pipeline will be used to transport iron ore fines from NMDC’s Bailadila mine to Rashtriya Ispat Nigam’s (RINL) plant in Visakhapatnam.
The project entails an investment of Rs 8,000-9,000 crore and will also include two iron ore pellet plants. The first phase of 100 km connecting Bailadila and Jagdalpur will be completed by 2018. The second phase thereafter in a year or two. The pipeline project will be a joint venture with RINL and the two are also in talks with private players Essar Steel, Kudremukh Iron Ore Company Ltd and others.
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.
| Company Name | CMP |
|---|---|
| Coal India | 441.65 |
| NMDC | 88.81 |
| GMDC | 691.40 |
| Sandur Manganese | 213.50 |
| MOIL | 321.05 |
| View more.. | |
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