SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

NMDC jumps on incorporating joint venture company with JSMDC

07 Sep 2012 Evaluate

NMDC is currently trading at Rs. 185.90, up by 2.75 points or 1.50% from its previous closing of Rs. 183.15 on the BSE.

The scrip opened at Rs. 185.15 and has touched a high and low of Rs. 186.50 and Rs. 185.00 respectively. So far 1,376 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 259.00 on 21-Sep-2011 and a 52 week low of Rs. 136.15 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 194.90 and Rs. 180.10 respectively. The current market cap of the company is Rs. 73,704.00 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 9.08% and 0.92% respectively.

State-run miner NMDC has incorporated a joint venture company (JVC) with Jharkhand State Mineral Development Corporation (JSMDC) by the name of Jharkhand National Mineral Development Corporation (JNMDC). The company has taken this step pursuant to the board’s approval and incorporated JVC on August 06, 2012. The company holds 60% of equity in JVC while the remaining 40% is held by JSMDC. 

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.

On standalone basis, the company has reported a rise of 5.82% in its net profit at Rs 1906.00 crore for quarter ended June 30, 2012, as compared to Rs 1801.15 crore for the same quarter in the previous year.  Total income of the company has increased by 5.25% to Rs 3392.49 crore for the quarter under review as compared to Rs 3223.30 crore for the quarter ended June 30, 2011.

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..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×