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NMDC planning to invest in renewable energy sector

11 Jul 2022 Evaluate

NMDC is planning to invest in the renewable energy sector. The company is exploring locations in Telangana to set up solar capacities. The company may also set up the plant on the land available with its sponge iron unit, which is not operational at the moment. Located at Paloncha in Telangana, NMDC's sponge iron unit has a capacity 100-tonnes-per-day.

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

89.78 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
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