Company Profile

NMDC LTD.

NSE : NMDCBSE : 526371ISIN CODE : INE584A01023Industry : Mining & MineralsHouse : PSU
BSE138.103.95 (+2.94 % )
PREV CLOSE (Rs.) 134.15
OPEN PRICE (Rs.) 134.70
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 434128
TODAY'S LOW / HIGH (Rs.)133.15 138.90
52 WK LOW / HIGH (Rs.)69.9 146.25
NSE138.40 4.15 (+3.09 % )
PREV CLOSE(Rs.) 134.25
OPEN PRICE (Rs.) 135.20
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 138.40 (3517 )
VOLUME 8403211
TODAY'S LOW / HIGH(Rs.) 133.15 139.00
52 WK LOW / HIGH (Rs.)69.85 146.2

Company News

Date Heading Details
13-Apr-2021 Mahindra & Mahindra, Dr. Reddy's and Vedanta to see some action today <p align="justify"><strong>Mahindra &amp; Mahindra</strong>'s (M&amp;M) all new Thar has crossed 50,000 bookings, within just six months of its launch. With its design, performance, off-road capability, everyday-comfort, technology and safety, the all-new Thar continues to attract not only die-hard enthusiasts, but urban lifestyle-seekers as well.</p><p align="justify"><strong>Dr. Reddy's Laboratories</strong> has received approval from expert panel for emergency use of Russia's covid-19 vaccine Sputnik V in the India, with certain conditions. The Drugs Controller General of India (DCGI) will take a final call on the recommendation. If approved, it will be the third covid-19 vaccine to be available in India. The vaccine would be imported from Russia for emergency use in the country.</p><p align="justify"><strong>Vedanta</strong>, India's largest producer of aluminium and its value-added products, has signed a memorandum of understanding (MoU) for value-creation from bauxite residue (red mud), which is a by-product generated during processing of bauxite into alumina using the Bayer process.</p><p align="justify"><strong>Axis Bank</strong>'s customers can now send money abroad in over 100 currencies through their mobile application. By using 'Send Money Abroad' feature in Axis Mobile App, the customers will be able to send money by following a simple two-step process given on the app.</p><p align="justify">The demerger process of <strong>NMDC</strong>'s Nagarnar Steel Plant (NSP) in Chhattisgarh into a separate entity is expected to be completed by August-September of this year. NSP is a 3 million tonne per annum (mtpa) integrated steel plant being set up by country's largest iron ore miner NMDC at Nagarnar in Chhattisgarh over an area of 1,980 acres at a revised estimated cost of Rs 23,140 crore. The demerger is in process and it is expected to be completed by August-September 2021.</p><p align="justify"><strong>Satin Creditcare Network</strong>'s Assets Under Management (AUM) has stood at Rs 7,274 crore in Q4FY21, a growth of 5.3% Quarter on quarter (QoQ), indicating that the growth has started kicking in. For FY21, the Company maintained sufficient liquidity of Rs 1,469 crore. During FY21, the Company raised Rs 4,312 crore including Direct Assignment Transactions of Rs 743 crore.</p><p align="justify">Markets regulator Sebi has imposed a penalty of Rs 25 crore on <strong>Yes Bank</strong> in the matter of misselling the lender's AT-1 bonds few years ago. Besides, the watchdog has imposed a fine of Rs 1 crore on Vivek Kanwar, who was the head of the private wealth management team, and Rs 50 lakh each on Ashish Nasa and Jasjit Singh Banga. The two individuals were part of the private wealth management team at the time of violation.<br></p>
12-Apr-2021 NMDC's Nagarnar Steel Plant demerger expected to be completed by August-September <p align="justify">The demerger process of NMDC's Nagarnar Steel Plant (NSP) in Chhattisgarh into a separate entity is expected to be completed by August-September of this year. NSP is a 3 million tonne per annum (mtpa) integrated steel plant being set up by country's largest iron ore miner NMDC at Nagarnar in Chhattisgarh over an area of 1,980 acres at a revised estimated cost of Rs 23,140 crore. The demerger is in process and it is expected to be completed by August-September 2021. <p align="justify">Several regulatory approvals including that of Sebi are required to complete the (demerger) process. It also goes to the Ministry of Corporate Affairs for clearances.<p align="justify">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.</p>
05-Apr-2021 NMDC fixes prices of iron ore <p align="justify">NMDC has fixed the prices of iron ore with effect from April 03, 2021. The price of Lump Ore (65.5%, 6-40mm) has been fixed at Rs 5,850 per ton, while the price of Fines (64%, -10mm) has been fixed at Rs 4,560 per ton. The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes.<p align="justify">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.</p>
05-Apr-2021 Infosys, Ashok Leyland and Bajaj Auto to see some action today <p align="justify"><strong>Infosys</strong> and LivePerson have entered into new 360° partnership to help brands manage AI-powered conversations with consumers and employees over SMS, web sites, apps, and the messaging channels they use every day. The partnership will enable brands to unlock higher growth by combining Infosys Cobalt, a platform and set of services to accelerate an enterprise's journey into the cloud, with LivePerson's Conversational Cloud, a complete set of applications and APIs for creating and managing conversational experiences.</p><p align="justify"><strong>Ashok Leyland</strong> has reported sales figures for the month of March 2021. The company has reported 8- fold jump in sales (domestic + exports) during March 2021 at 17231 units as against 2126 units in March 2020. LCV sales were reported above 17 - fold jump at 6130 units in March 2021 as against 348 units in March 2020. M&amp;HCV Trucks and bus sales stood at 9674 units and 1427 units, respectively. </p><p align="justify"><strong>Bajaj Auto</strong> has reported 52 percent rise in total sales to 3,69,448 units in March 2021 as against 2,42,575 in the same month last year. Total domestic sales increased by 70 percent to 1,98,551 units in March as compared to 1,16,541 units in March 2020.&nbsp; Total two-wheeler sales were up 56 percent at 3,30,133 units as compared to 2,10,976 units in the year-ago month. However, Commercial Vehicles sales stood at 39,315 units in March 2021 over 31,599 units in March 2020, registering a rise of 24 percent. Meanwhile, exports of the company increased by 36 percent to 1,70,897 units in the reporting month compared to 1,26,034 in the same month last year.&nbsp;</p><p align="justify"><strong>Adani Enterprises'</strong> wholly owned subsidiary -- Adani Road Transport (ARTL) has received a Letter of Award (LoA) for six laning of National Corridor NH-19 from Panagarh to Palsit from km. 521.120 to km. 588. 870 (Total design length 67.750 km) in the State of West Bengal under Bharatmala Pariyojana to be executed on BOT-(Toll) basis. Concession period of the project will be 20 years including construction period of 2.5 years.&nbsp;&nbsp; </p><p align="justify"><strong>NMDC</strong> has reported 4.57 million tonne (MT) of iron ore production and logged sales volume of 4.08 MT in the month of March 2021. The company's Chhattisgarh mines produced 3.98 MT of iron ore and registered sales volume of 3.21 MT, while Karnataka mines produced 0.59 MT of iron ore and sold 0.87 MT of iron ore in March 2021.</p><p align="justify"><strong>InterGlobe Aviation</strong> (IndiGo) has started 14 new flights under regional connectivity scheme Udan from March 28, 2021 onwards. It has started these flights on various routes including Bhubaneswar-Allahabad, Bhubaneswar-Varanasi, Bhopal-Allahabad, Dibrugarh-Dimapur, Shillong-Agartala and Shillong-Silchar.</p><p align="justify">Mahanadi Coalfields (MCL), a subsidiary of <strong>Coal India</strong>, has posted a record production of 148.01 million tonne and achieved the highest-ever dispatch of 146 million tonnes in 2020-21 fiscal. These achievements by the Odisha-based miner will help Coal India, a Maharatna PSU, strengthen its foundation to meet the one billion production target by 2024. MCL also registered a record of 174.5 MCuM of overburden removal in the last fiscal.<br></p>
05-Apr-2021 NMDC moves up after fixing prices of iron ore <p align="justify">NMDC is currently trading at Rs. 138.60, up by 0.20 points or 0.14% from its previous closing of Rs. 138.40 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 139.40 and has touched a high and low of Rs. 143.60 and Rs. 136.10 respectively. So far 552725 shares were traded on the counter.<br></p><p align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.60 on 05-Apr-2021 and a 52 week low of Rs. 69.90 on 12-May-2020.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 143.60 and Rs. 127.65 respectively. The current market cap of the company is Rs. 41087.09 crore.<br></p><p align="justify">The promoters holding in the company stood at 69.65%, while Institutions and Non-Institutions held 24.98% and 5.37% respectively.<br></p><p align="justify">NMDC has fixed the prices of iron ore with effect from April 03, 2021. The price of Lump Ore (65.5%, 6-40mm) has been fixed at Rs 5,850 per ton, while the price of Fines (64%, -10mm) has been fixed at Rs 4,560 per ton. The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes.</p><p align="justify">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.<br></p>
24-Mar-2021 Announcement under Regulation 30 (LODR)-Change in Directorate Sub: Cessation of Shri D Kuppuramu (DIN: 08603976) as Non-Official Independent Director from the Board of NMDC Limited - Reg Shri D Kuppuramu (DIN: 08603976) was appointed as Non-Official Independent Director on the Board of NMDC Limited with effect from 6th November 2019 for a period of three years from the date of notification Shri D Kuppuramu vide his letter dated 15th March 2021 (received by the Company on 17th March 2021) has tendered his resignation from the Board of NMDC Limited citing personal reasons. In this regard, the Board of NMDC Limited at its 536th Board Meeting held on 24th March 2021, inter-alia, noted the resignation as tendered by Shri D Kuppuramu, Independent Director of the Company. In view of the above, Shri D Kuppuramu ceased to be an Independent Director on the Board of NMDC Limited with effect from 17th March 2021. This is for your information and record.
22-Mar-2021 NMDC fixes prices of iron ore <p align="justify">NMDC has fixed the prices of iron ore with effect from March 21, 2021. The price of Lump Ore (65.5%, 6-40mm) has been fixed at Rs 5,350 per ton, while the price of Fines (64%, -10mm) has been fixed at Rs 4,310 per ton. The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes.&nbsp; </p><p align="justify">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.<br></p>
12-Mar-2021 Announcement under Regulation 30 (LODR)-Dividend Updates Sub: Declaration of Interim Dividend at the rate of Rs. 7.76 ps. per equity share of face value of Re. 1/- each for the financial year 2020-21 Ref: Regulation 30 and 43 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; Security ID: NMDC The Board of Directors of the Company at its meeting held on 11th March 2021, inter-alia, declared interim dividend at the rate of Rs.7.76 ps. (Rupees Seven and Seventy Six Paise Only) per equity share of face value of Re. 1/- each for the financial year 2020-21. The interim dividend shall be paid / dispatched as per the provisions of the Companies Act, 2013. The Board Meeting commenced at 2.30 p.m. and concluded at 4.15 p.m.
12-Mar-2021 Declaration Of Interim Dividend At The Rate Of Rs. 7.76 Ps. Per Equity Share Of Face Value Of Re. 1/- Each For The Financial Year 2020-21 The Board of Directors of the Company at its meeting held on 11th March 2021, inter-alia, declared interim dividend at the rate of Rs.7.76 ps. (Rupees Seven and Seventy Six Paise Only) per equity share of face value of Re. 1/- each for the financial year 2020-21. The interim dividend shall be paid / dispatched as per the provisions of the Companies Act, 2013. The Board Meeting commenced at 2.30 p.m. and concluded at 4.15 p.m. Please take the above information on record.
12-Mar-2021 Intimation Of Record Date For Payment Of Interim Dividend For The Financial Year 2020-2021 Sub: Intimation of Record Date for payment of Interim Dividend for the financial year 2020-2021 Ref: Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; Security ID: NMDC The Board of Directors of the Company at its meeting held on 11th March 2021, inter-alia, fixed Tuesday the 23rd March 2021, as the record date for the purpose of payment of interim dividend at the rate of Rs. 7.76 ps. (Rupees Seven and Seventy Six Paise Only) per equity share of face value of Re. 1/- each for the financial year 2020-21. Please take the above information on record.