SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

NMDC in talks to acquire coking coal assets

02 Jan 2013 Evaluate

NMDC, state-owned iron ore miner is in discussions to acquire coking coal assets in Russia and Mozambique to fulfill its requirement for upcoming steel-making plant in Chhattisgarh. It is also looking for coking coal assets in the US and Brazil.

The entity is establishing a 3 million tonnes per annum steel plant at Nagarnar in Chhattisgarh with Rs 15,525 crore outlay. Coking and iron ore are two basic raw materials for steel. For the uninterrupted supply of the raw material, it will have to partially depend on imported coal to fuel the blast furnace. The company has also applied for nine coal blocks for captive use.

NMDC, India's top ore miner, accounts for about 15 per cent of iron ore mined in the country, with annual production capacity of 30 million tonnes.

NMDC Share Price

89.78 2.60 (2.98%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×