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NMDC gains on inking MoU with MOSI OA TUNYA Development Company of Zimbabwe

10 Jun 2013 Evaluate

NMDC is currently trading at Rs 116.30, up by 0.50 points or 0.43% from its previous closing of Rs 115.80 on the BSE.

The scrip opened at Rs 116.80 and has touched a high and low of Rs 117.10 and Rs 116.00 respectively. So far 21879 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 203.40 on 04-Jul-2012 and a 52 week low of Rs 113.95 on 07-Jun-2013.

Last one week high and low of the scrip stood at Rs 118.90 and Rs 113.95 respectively. The current market cap of the company is Rs 46149.29 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.24% and 3.76% respectively.

NMDC has signed the Memorandum of Understanding (MoU) with MOSI OA TUNYA Development Company of Zimbabwe under the administrative control of Ministry of Tourism and Hospitality Industry, Government of Zimbabwe.

NMDC is planning to develop mineral assets overseas to secure raw materials for the steel industry. The designated organization of the Ministry of Tourism and Hospitality Industry, Government of Zimbabwe has invited NMDC as a strategic partner to invest in the exploration and development of the iron ore, coal, Gold and chrome tenements. This MoU will provide exclusivity to NMDC for participation in mineral projects at Zimbabwe.

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..

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