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NMDC raises Rs 523.80 crore via NCDs

31 Aug 2020 Evaluate

NMDC has raised Rs 523.80 crore via Non-Convertible Debentures (NCDs) and approved allotment of Unsecured, Non-cumulative, Non-convertible, Redeemable, Taxable, Bonds of Rs 10,00,000 each (Series I-2020) in the nature of Debentures at an interest rate of 7.30% per annum , on Private Placement basis. The Debenture Committee of the Board of the company on August 28, 2020 has approved allotment of the same.

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

88.81 -0.97 (-1.08%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 441.65
NMDC 88.81
GMDC 691.40
Sandur Manganese 213.50
MOIL 321.05
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