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NMDC Steel gets listed at Bombay Stock Exchange

21 Feb 2023 Evaluate

NMDC Steel (NSL) has been listed at Bombay Stock Exchange on Monday, February 20, 2023. NSL, NMDC’s 3 MTPA Integrated Steel Plant at Nagarnar in Chhattisgarh, was listed to become a public company.

NMDC Steel was incorporated as a wholly owned subsidiary of NMDC on January 2, 2015 under the Companies Act, 2013 with a registered office at NMDC Iron & Steel Plant Nagarnar Bastar, Chhattisgarh.

The now demerged company NMDC Steel is a central public sector enterprise with a paid-up capital of Rs 2,930 crore owned by the President of India, under the administrative control of the Ministry of Steel, Government of India. The Government owns 60.79% stake in this company.

Peers
Company Name CMP
JSW Steel 1215.70
Tata Steel 175.60
Steel Authority 171.25
Jindal Stainless 736.25
APL Apollo Tubes 2137.60
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