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NMDC rises on eying to start commercial operations at Rohne, Tokisud mines by next one year

26 Dec 2019 Evaluate

NMDC is currently trading at Rs. 126.30, up by 1.60 points or 1.28% from its previous closing of Rs. 124.70 on the BSE.

The scrip opened at Rs. 124.55 and has touched a high and low of Rs. 127.00 and Rs. 124.25 respectively. So far 218591 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 127.00 on 26-Dec-2019 and a 52 week low of Rs. 74.80 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 127.00 and Rs. 120.65 respectively. The current market cap of the company is Rs. 38763.02 crore.

The promoters holding in the company stood at 72.28%, while Institutions and Non-Institutions held 23.15% and 4.58% respectively.

NMDC is eyeing to start commercial operations at Rohne and Tokisud coal blocks allotted to it in Jharkhand by next one year. The company will be at advantage in terms of developing a common infrastructure for both mines due the distances between them is just about 10 km. Rohne coal block has extractable reserves of 191 million tonnes (MT) and planned production capacity of 8 million tonnes per annum, and the Tokisud North coal block has extractable reserves of about 52 MT of thermal coal and planned production capacity of 2.32 million tonnes per annum.

The company is also setting up its first steel plant at Nagarnar in the neighbouring state of Chhattisgarh with a capacity of 3 million tonnes per annum, which will mark its foray into the steel sector as well.

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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