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NMDC’s board approves de-merger of NMDC Steel

14 Jul 2021 Evaluate

NMDC’s board has approved the de-merger of NMDC Steel. NMDC Steel is its wholly-owned subsidiary, which currently does not have any business operations.

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.

Peers
Company Name CMP
Coal India 407.40
NMDC 68.32
Ashapura Minechem 422.95
Sandur Manganese 168.95
GMDC 424.70
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