NMDC has signed a non-binding Memorandum of Understanding (MOU) with Australian Stock Exchange listed Minemakers to establish the roadmap for its participation in development of the Wonarah phosphate deposit located in Northern territory Australia. According to the MOU, NMDC and Minemakers will undertake a joint feasibility study into the agreed aspects of the development of the Wonarah deposit. Upon successful completion of the feasibility study, NMDC proposes to acquire 50% equity in the Wonarah project and participate in the development of project.
This acquisition will enable NMDC’s entry in Australia’s largest known undeveloped phosphate deposit and contribute towards securing supplies of this critical raw material for the Indian fertilizer industry. The acquisition is subject to the results of the feasibility study and all statutory and mandatory approvals.
NMDC’s net profit surged 97% to Rs 2098.62 crore for the quarter ended March 31, 2011 as compared to Rs 1065.59 crore for the quarter ended March 31, 2010. Its total income has increased from Rs 2228.89 crore for the quarter ended March 31, 2010 to Rs 4213.03 crore for the quarter ended March 31, 2011.
| Company Name | CMP |
|---|---|
| Coal India | 476.95 |
| NMDC | 254.60 |
| GMDC | 384.05 |
| Sandur Manganese | 542.20 |
| MOIL | 491.95 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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