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NMDC to incorporate subsidiary in Gujarat

09 Jan 2025 Evaluate

NMDC has received an in-principle approval for incorporation of a wholly owned subsidiary of the company at GIFT City, Gujarat and opening of NMDC Liaison Offices at Dubai, UAE and Brisbane/Melbourne, Australia.

The Board of Directors of the Company in its meeting held on January 8, 2025 accorded in-principle approval for the same, subject to approval of Ministry of Steel, DIPAM and any other authority as may be required. 

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.


NMDC Share Price

90.89 2.46 (2.78%)
12-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 443.70
NMDC 90.89
GMDC 611.90
Sandur Manganese 215.70
MOIL 291.85
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