NMDC Ltd.

NSE: NMDC | BSE: 526371 | ISIN: INE584A01023 | Industry: Coal & Mining
| Strong Performer, Under Radar
69.9400 2.73 (4.06%)
NSE May 14, 2025 15:02 PM
Volume: 30.5M
 

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NMDC Ltd.
06 Dec 2018
69.94
4.06%
Motilal Oswal
Viability of NMDC's mining operations is threatened by Karnataka's pre-condition to share of 80% revenue for renewing mining leases of Donimalai, which has capacity of 4mtpa. The outcome of legal and diplomatic settlement may set a precedent for other mines. This was unexpected because public sector enterprises (PSEs) have been getting their leases renewed without sharing of any revenue - e.g. leases of Nalco's bauxite mines have been recently extended to 2029 and 2032without any share in revenue; many PSEs have been allotted coal blocks on a nomination basis
NMDC Ltd. has an average target of 70.00 from 5 brokers.
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