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NMDC Steel soars on commencing trial production of hot rolled coils from rolling mill

NMDC Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 543768 | NSE: NSLNISP

03 Jul 2023 Evaluate

NMDC Steel is currently trading at Rs. 44.14, up by 0.63 points or 1.45% from its previous closing of Rs. 43.51 on the BSE.

The scrip opened at Rs. 44.69 and has touched a high and low of Rs. 44.69 and Rs. 43.50 respectively. So far 593252 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.48 on 07-Jun-2023 and a 52 week low of Rs. 29.05 on 20-Feb-2023.

Last one week high and low of the scrip stood at Rs. 44.69 and Rs. 42.00 respectively. The current market cap of the company is Rs. 13020.68 crore.

The promoters holding in the company stood at 60.79%, while Institutions and Non-Institutions held 24.25% and 14.96% respectively.

NMDC Steel (NSL) has commenced trial production of Hot Rolled Coils from its Rolling Mill on June 30, 2023. The team of NSL, MECON & Danieli completed the integrated trial runs by charging 70mm semi-rolled plates sourced from Rourkela Steel Plant. This was followed by Ghost Rolling and other synchronisation activities on June 29, 2023 which culminated in taking slabs in the Tunnel Furnace on June 30, 2023, resulting in successful rolling of Hot Slabs.

This state-of-the-art Hot Strip Mill is supplied by technology provider Danieli, Italy. After stabilization, it will produce around 2.89 Million Tonnes of Coils, Sheets and Plates of different grades. The HR plates manufactured in the plant will be widely used for LPG cylinders, bridges, automobile grades, pipes, storage tanks, boilers and railway wagons.

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.

NMDC Steel Share Price

41.21 -1.15 (-2.71%)

23-Apr-2026 16:59 View Price Chart

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NMDC Steel soars on commencing trial production of hot rolled coils from rolling mill

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