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Finance ministry approves NMDC's Rs 1,000 crore share buyback plan

09 Jan 2019 Evaluate

NMDC has received an approval from the finance ministry for the share buyback plan worth Rs 1,000 crore. The timeline for the launch of the offer will be decided by NMDC's board.

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.

Peers
Company Name CMP
Coal India 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
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