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NMDC gets nod to incorporate Wholly-Owned Subsidiary in Gujarat

13 Aug 2025 Evaluate

NMDC has received approval for incorporation of a Wholly-Owned Subsidiary (WOS) in International Financial Service Centre (IFSC), Gujarat International Finance Tec-City (GIFT), Gandhinagar, Gujarat, subject to approval of Ministry of Steel, DIPAM and any other authority as may be required. The Board of Directors of the company in its 579th Meeting held on August 12, 2025 inter-alia approved the same. 

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.


Peers
Company Name CMP
Coal India 403.20
NMDC 69.90
Ashapura Minechem 415.25
Sandur Manganese 184.30
GMDC 488.20
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