NMDC Ltd. News and Updates

Name: Latest research reports of NMDC Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: NMDC Ltd.
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Author: ICICI Direct

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NMDC Ltd.

22 Jun 2023

72.49

2.39%

NMDC shares fall after LIC sells 2% stake

Moneycontrol

This is the second time LIC has divested a 2 percent stake in the state-run company. LIC had previously disclosed in March that it had lowered its stake in NMDC by 2 percent to 11.69 percent.

Motilal Oswal released a Buy report for NMDC Ltd. with a price target of 83.0 on 28 May, 2025.

LIC pares 2% stake in NMDC for Rs 649 cr; brings down holding to 9.62%

Business Standard | 21 Jun 2023 2 more

NMDC Ltd.

20 Jun 2023

72.49

2.39%

Jay Thakkar on 2 stocks to buy in short term

Economic Times

The first buy recommendation is on Metropolis. This stock has provided a breakout from multiples showing resistance. It has formed a good rectangular or a good consolidation base formation at the lower end after falling quite a lot. NMDC is the other candidate which is seeing short covering in this sideways or downtrend market.

Motilal Oswal released a Buy report for NMDC Ltd. with a price target of 83.0 on 28 May, 2025.

Chhattisgarh government scouts for land for industry in Bastar region

Business Standard | 19 Jun 2023

NMDC Ltd.

18 Jun 2023

72.49

2.39%

Govt to invite bids for privatising NMDC after commissioning blast furnace

Business Standard

The government is likely to invite financial bids for privatising NMDC Steel only after the commissioning of the blast furnace at the company's steel plant in Chhattisgarh, according to officials. Officials expect the value of the company to go up once the blast furnace of the steel plant becomes operational. NSL is expected to have a production capacity of 3 million tonnes per annum. The government holds a 60.79 per cent stake in NMDC Steel Ltd (NSL) after it got demerged from NMDC, which is India's largest iron ore producer. The facility is located in Nagarnar, Chhattisgarh. The remaining 39.21 per cent stake is with the public. NSL is up for privatisation with the government looking to sell 50.79 per cent of its shareholding, along with management control. The government had received multiple preliminary bids or expressions of interest for the company. Officials said the government will get to know the fair value of NSL once the blast furnace, which is the heart of a steel plan

Number of MF schemes decreased from 39 to 33 in Mar 2025 qtr

NMDC Ltd.

10 Jun 2023

72.49

2.39%

Tech Query: Can J.K. Cement stock be bought at current levels?

Business Line

We zoom in on the prospects of J.K. Cement, as also the prospects of two other stocks NMDC and Himatsingka Seide

Number of FII/FPI investors decreased from 667 to 651 in Mar 2025 qtr

NMDC Ltd.

06 Jun 2023

72.49

2.39%

NMDC in line to set up two slurry pipelines in Bastar district

Business Standard

NMDC is eyeing 46 to 50 mt of production in the current financial year after its output marginally slipped to 41.22 mt year-on-year

Number of MF schemes decreased from 39 to 33 in Mar 2025 qtr

NMDC Ltd.

30 May 2023

72.49

2.39%

NMDC cuts iron ore lump rate by Rs 300 per tonne to Rs Rs 3,900 per tonne

Business Standard

State-owned NMDC on Tuesday said it has slashed iron ore lump and its fines rates by Rs 300 and Rs 450 per tonne, respectively. It has fixed the price of lump ore at Rs 3,900 per tonne and fines at Rs 3,560 a tonne, the country's largest iron ore miner said in a regulatory filing. Lump ores or high-grade iron ores contain 65.53 per cent Fe (iron), while fines are inferior-grade ores with 64 per cent and less iron content. In the last price revision announced on April 29, NMDC fixed the rate of the lump at Rs 4,200 per tonne and that of fines at Rs 4,010 a tonne. The prices are effective from May 29 and exclude royalty, district mineral fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee and other taxes, the company said. According to research firm SteelMint, "This price cut has brought NMDC iron ore prices to a 6-month low. The reduction is attributed largely to falling steel prices, which is a result of a weak global market. However, in the domestic mar

Number of FII/FPI investors decreased from 667 to 651 in Mar 2025 qtr

NMDC Ltd.

29 May 2023

72.49

2.39%

NMDC Steel commissioning pushed back to June-end

Business Line

The commissioning of the plant, at Nagarnar in Chhattisgarh and with an annual capacity of three million tonnes (mt), has already slipped a number of deadlines, with the last one set by the Steel Ministry being March 31