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NMDC gains on hiking iron ore rates

12 Aug 2020 Evaluate

NMDC is currently trading at Rs. 94.10, up by 0.85 points or 0.91% from its previous closing of Rs. 93.25 on the BSE.

The scrip opened at Rs. 94.35 and has touched a high and low of Rs. 94.95 and Rs. 92.45 respectively. So far 372626 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. 62.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 94.95 and Rs. 86.40 respectively. The current market cap of the company is Rs. 28612.99 crore.

The promoters holding in the company stood at 69.65%, while Institutions and Non-Institutions held 25.78% and 4.58% respectively.

NMDC has hiked rates of the mineral by Rs 300 to Rs 2,950 a tonne with immediate effect. Iron ore is the key raw material used in steel making. Any change in its prices has a direct impact on the rates of steel.

It has increased the price of lumps or high-grade iron ore by Rs 300 to Rs 2,950 per tonne, and that of iron ore fines or inferior grade ore by Rs 300 to Rs 2,660 a tonne. The revised prices exclude royalty, District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee, and other taxes.

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

89.10 0.29 (0.33%)
21-Apr-2026 10:35 View Price Chart
Peers
Company Name CMP
Coal India 444.80
NMDC 89.10
GMDC 702.55
Sandur Manganese 216.00
MOIL 325.95
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