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Government plans to sell 10% stake in NMDC

22 Apr 2016 Evaluate

The government is planning to sell 10% of its stake in iron ore mining company NMDC through an offer for sale. The government, which owns 80% in the company, has invited bids from merchant bankers by 16 May.

In 2015-16, the government mobilized about Rs.18,277 crore through divestment offers in companies like Container Corp. of India, NTPC, Rural Electrification Corp., Power Finance Corp., India Oil Corp., Dredging Corp. of India and Engineers India.

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
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