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NMDC surges on completing Rs 1,434.55 crore capital expenditure

19 Dec 2016 Evaluate

NMDC is currently trading at Rs 129.00, up by 1.50 points or 1.18% from its previous closing of Rs 127.50 on the BSE.

The scrip opened at Rs 128.75 and has touched a high and low of Rs 129.60 and Rs 127.40 respectively. So far 75168 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 142.65 on 02-Nov-2016 and a 52 week low of Rs 75.20 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs 132.50 and Rs 125.80 respectively. The current market cap of the company is Rs 51105.19 crore.

The promoters holding in the company stood at 80.00%, while Institutions and Non-Institutions held 17.33% and 2.66% respectively.

NMDC, a state-run iron ore miner, has invested Rs 1,222.65 crore till September 2016 to set up a 3 million tonnes per annum (MTPA) integrated steel plant in Nagarnar in Bastar district of Chhattisgarh. The plant is expected to start trial production by mid-2017.

The company has completed capital expenditure of Rs 1,434.55 crore till September 2016, of which Rs 1,222.65 crore has been invested in Nagarnar steel plant, Rs 17.39 crore on pallet plant at Donimalai, Rs 75 crore in doubling of KK lines, Rs 7.21 crore on Kumarswamy Mine and Rs 4.76 crore in Bailadilla Deposits.

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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