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NMDC jumps on signing agreement with i-TIC Foundation

03 Mar 2020 Evaluate

NMDC is currently trading at Rs. 91.30, up by 1.75 points or 1.95% from its previous closing of Rs. 89.55 on the BSE.

The scrip opened at Rs. 90.20 and has touched a high and low of Rs. 92.00 and Rs. 90.20 respectively. So far 20498 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 139.50 on 23-Jan-2020 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. 101.40 and Rs. 88.45 respectively. The current market cap of the company is Rs. 27418.86 crore.

The promoters holding in the company stood at 72.28%, while Institutions and Non-Institutions held 23.70% and 4.03% respectively.

NMDC and i-TIC Foundation, IIT Hyderabad, have signed an agreement to support start-ups through a collaborative joint incubation program, NMDC Innovation & Incubation Centre (NICE). This is consistent with the flagship initiative of the Government of India - 'Startup India', intended to build a strong ecosystem that is conducive for the growth of start-up businesses, to drive sustainable economic growth and generate employment opportunities.

NMDC in partnership with i-TIC Foundation, IIT Hyderabad would establish the start-up eco system in the premises of IIT Hyderabad with a focus to foster, nurture and incubate start-up companies with new and innovative ideas in deep technology. NMDC would contribute tentatively Rs 10 crore for the five year joint incubation program and intends to support at least 15 start-ups.

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

89.56 1.11 (1.25%)
22-Apr-2026 09:37 View Price Chart
Peers
Company Name CMP
Coal India 445.15
NMDC 89.56
GMDC 694.30
Sandur Manganese 216.05
MOIL 327.55
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