Company Profile

NMDC has resumed mining operations at its Donimalai iron ore mine in Karnataka. The operations have been resumed after receiving permission from the state government. In 2018, the company had suspended iron ore mining at the mine following a decision of the state government to impose 80 per cent premium on the iron ore sales from the mine.

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 has been awarded the Business Leader of the Year, PSU sector in organizational category for CSR Initiatives (Social Development) and the Best CSR Practices category, at the World CSR Day & Congress on 17th and 18th February, 2021 at Mumbai.

World Leadership Congress & World CSR Congress recognize Business leaders, the efforts and commitments of leaders and organizations that improve social effectiveness.

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 is currently trading at Rs. 121.95, up by 2.00 points or 1.67% from its previous closing of Rs. 119.95 on the BSE.

The scrip opened at Rs. 122.90 and has touched a high and low of Rs. 123.55 and Rs. 120.40 respectively. So far 386849 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 130.50 on 12-Jan-2021 and a 52 week low of Rs. 62.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 123.55 and Rs. 111.00 respectively. The current market cap of the company is Rs. 35152.62 crore.

The promoters holding in the company stood at 69.65%, while Institutions and Non-Institutions held 24.98% and 5.37% respectively.

NMDC has resumed mining operations at its Donimalai iron ore mine in Karnataka. The operations have been resumed after receiving permission from the state government. In 2018, the company had suspended iron ore mining at the mine following a decision of the state government to impose 80 per cent premium on the iron ore sales from the mine.

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 has resumed mining operations at its Donimalai iron ore mine in Karnataka. The operations have been resumed after receiving permission from the state government. In 2018, NMDC had suspended iron ore mining at the mine following a decision of the state government to impose 80 per cent premium on the iron ore sales from the mine.

Power Grid Corporation of India has bagged two electricity transmission projects under tariff-based competitive bidding norms. The first project is ''Transmission Systems Strengthening Scheme for evacuation of power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part D''. The second project is ''Transmission Systems Strengthening Scheme for evacuation of power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part-F''.

Maruti Suzuki India is evaluating the feasibility of launching its off-roader Jimny in the domestic market, having started exporting the model from India last month. The company, which commenced exports of the Jimny to Latin American countries such as Colombia and Peru in January, however, is not exporting it to Europe due to frequent changes in regulations in the continent. The company had stated that there is a large customer demand worldwide well beyond Suzuki Japan capacity for this model and Indian manufacturing will supplement capacity to meet this global demand.

Ugro Capital has entered into micro-loan segment with a new vertical to support the unorganised small businesses in non-metro markets, and plans to sell one-third of its credit target from this segment. To begin with, the new vertical, called 'Gro Micro', will have 25 branches across Karnataka, Tamil Nadu, Gujarat, Telangana and Rajasthan. The company has a net disbursement target of Rs 2,500 crore for 2021-22 and 30 per cent of this expected to come from the new vertical.

NLC India has raised Rs 850 crore through Commercial Paper and allotted 17,000 Nos. of Commercial Paper of a face value of Rs 5 lakh each.

PVR’s subsidiary company -- PVR Pictures is expecting its revenue to return to pre-COVID levels in FY22 backed by a strong pipeline of films, scheduled to be released after March. The company has a strong pipeline of star-studded Indian and regional films along with foreign language films and expects the second half of FY 2021-22 to be even better than the pre-COVID.

Talbros Automotive Components has sold its Land & building admeasuring1.67 acres situated at Plot No. 22-B, (NP), Ambattur Industrial Estate, Chennai, in the state of Tamil Nadu. The manufacturing operations at the above land was discontinued and duly intimated to the stock exchanges vide letter dated August 14, 2014. Accordingly, this will have no impact on the operations of the company. The proceeds of the sale amounted to Rs 21 crore on gross basis. The net proceeds after deduction of statutory liabilities would be utilized towards reducing debt and strengthening the balance sheet of the company. 

NMDC is currently trading at Rs. 117.95, up by 0.20 points or 0.17% from its previous closing of Rs. 117.75 on the BSE.

The scrip opened at Rs. 126.00 and has touched a high and low of Rs. 126.00 and Rs. 117.25 respectively. So far 1167320 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 130.50 on 12-Jan-2021 and a 52 week low of Rs. 62.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 126.00 and Rs. 109.90 respectively. The current market cap of the company is Rs. 34595.80 crore.

The promoters holding in the company stood at 69.65%, while Institutions and Non-Institutions held 24.98% and 5.37% respectively.

NMDC has reported a rise of 53.22% in its net profit at Rs 2108.91 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 1376.36 crore for the same quarter in the previous year. Total income of the company increased by 42.19% at Rs 4459.93 crore for Q3FY21 as compared Rs 3136.56 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 53.32% in its net profit from continuing operations at Rs 2108.40 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 1375.18 crore for the same quarter in the previous year. Total income of the company increased by 42.22% at Rs 4460.97 crore for Q3FY21 as compared Rs 3136.59 crore for the corresponding quarter previous year.