NMDC is currently trading at Rs. 100.35, up by 0.05 points or 0.05% from its previous closing of Rs. 100.30 on the BSE.
The scrip opened at Rs. 101.00 and has touched a high and low of Rs. 101.40 and Rs. 99.85 respectively. So far 76211 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. 98.80 on 25-Jun-2013.
Last one week high and low of the scrip stood at Rs. 107.00 and Rs. 98.80 respectively. The current market cap of the company is Rs. 39845.40 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 16.24% and 3.76% respectively.
NMDC, the state-owned miner is planning to increase its capex by about 70% to Rs 2,720 crore in FY14, as against Rs 1,607 crore spent on expansion in 2012-13. The company will utilize a major part of these funds on its upcoming steel project in Chhattisgarh.
The company is planning to invest Rs 1,880 crore on the steel plant in 2013-14, Rs 251 crore on expansion and modernisation of its mining units, Rs 100 crore on doubling of railway line between Kirandul and Jagadalpur among others.
The company has also embarked Rs 607.17 crore to spend on Baildalia iron ore project, Rs 898.55 crore on Kumaraswamy iron ore project to raise iron ore production capacity. Further, its Rs 572 crore investment on Donimalai pellet plant is nearing completion.
