SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

NMDC to set up iron ore facility in Karnataka

25 Feb 2011 Evaluate

NMDC is planning to set up a beneficiation facility to convert the huge low grade dumps at Donimalai mine in Karnataka into high grade iron ore. The project, to come up in the next 24-30 months, will involve an investment of Rs 150 crore.

With the proposed facility, it would be able to remove the excess silica content from the dump and convert it into 64 per cent Fe grade ore (high grade). NMDC uses the production in Donimalai mine, which commenced operations in 1977, to export iron ore to Japan and Korea.

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..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×