NMDC News

NMDC, under the Ministry of Steel, is India's largest iron ore mining company contributing to around 20 per cent of the country's demand of the key steel making raw material.

Here's looking at Top 7 Stock Picks For 2024 Given By Retail Stock Brokerage ICICIdirect. 

This recruitment drive will fill 21 vacancies in the organization The last day to apply is Wednesday (June 16)

The finance ministry has already given a green light to the company's buyback plan.

 Mining giant NMDC and manganese miner MOIL said their share buyback programmes worth close to Rs 8,400 crore will open next week on September 19.

Government will kickstart overseas roadshows from Monday to gauge investor appetite for the Rs 4,000 crore NMDC stake sale.

Supporting Finance Ministry's disinvestment plan for public sector undertakings, Union Minister Piyush Goyal has said his ministry will not reduce the government's stake in power sector PSUs below 51 percent.

State-run miner National Mineral Development Corporation (NMDC) has slashed iron ore prices by over 50 percent due to the week iron ore demand. Analysts see the prices softening further in the near-term

NMDC had reported a net profit of Rs 1,915.01 crore in the corresponding quarter of 2014-15.

The Cabinet approved sale of 5 percent stakes in ONGC, BHEL and NTPC as well as 10 percent each in IOC, NALCO and NMDC.

Tomar who had visited NMDC headquarters in Hyderabad to review its performance asked the PSU to focus on increasing iron ore production.

Top officials and employees of state-owned companies such as SBI and NMDC Sunday participated in the first International Yoga Day.

NMDC stock fell by 0.45 percent to close at Rs 131.55 per share on the BSE.

"NMDC, under the Ministry of Steel signed MoU for setting up ultra mega steel plant in Bastar region.

State-owned iron ore miner NMDC on Wednesday said Life Insurance Corporation of India (LIC) has acquired almost 8 crore of its shares shares worth over Rs 1,116 crore in a market purchase.

Shares of state-run mining company NMDC plunged over 5 percent Monday, leading to an erosion of Rs 2,755 crore from its market valuation, after the company slashed iron ore prices by up to 20 percent.

Coming under pressure from the domestic steel sector, NMDC Saturday slashed iron ore price by up to 20 percent for the remaining days of the current month.

Country's top iron ore producer NMDC on Monday said it has commenced trial production at its over Rs 600 crore Bailadila plant in Chhattisgarh.

The government is likely to allow state-run entities with experience in mining activity, such as NMDC, SAIL and MOIL, to carry out prospecting work on par with the likes of the Geological Survey of India.

Steelmaker Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam said it in talks with PSU major NMDC for marketing steel products through its strong marketing network.