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NMDC to expand diamond operations

05 Apr 2013 Evaluate

NMDC, the state-owned miner is planning to expand its diamond operations. In this regard, the company will invest Rs 150-200 crore on capex plans over the next year-and-a-half. The company operates the only mechanized Diamond Mine in Asia at Panna, Madhya Pradesh, with a capacity to produce one lakh carats per annum.

However, the company is better known as India's single largest iron ore producer. At present, the company produces about 30 million tonnes of iron ore from 3 fully mechanized mines two in the state of Chhattisgarh and one in Karnataka.

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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