NMDC spurts on signing MOU with MECL

22 Dec 2020 Evaluate

NMDC is currently trading at Rs. 110.60, up by 1.30 points or 1.19% from its previous closing of Rs. 109.30 on the BSE.

The scrip opened at Rs. 109.00 and has touched a high and low of Rs. 112.60 and Rs. 107.65 respectively. So far 295755 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. 120.70 and Rs. 107.25 respectively. The current market cap of the company is Rs. 33573.18 crore.

The promoters holding in the company stood at 69.65%, while Institutions and Non-Institutions held 24.89% and 5.36% respectively.

NMDC has signed an MOU with Mineral Exploration Corporation (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals in various states.

Coming together of the two premier Indian Exploration Agencies under the Government of India, NMDC and MECL means better synergies in mineral exploration and allied works. It will help to establish resources/ reserves of various minerals / ores and its extraction while identifying unexplored mining areas. This will support the GOI's 'Atmanirbhar Bharat Abhiyan' initiative and extending commitment towards mineral security for the nation.

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

267.50 2.25 (0.85%)
14-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Coal India 487.40
NMDC 267.50
GMDC 401.75
Sandur Manganese 540.50
MOIL 531.60
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