NMDC shares fall after LIC sells 2% stake
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.22-06-2023
22-06-2023
NMDC LTD. - 526371 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India21-06-2023
Jay Thakkar on 2 stocks to buy in short term
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.20-06-2023
Govt to invite bids for privatising NMDC after commissioning blast furnace
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 plan18-06-2023
NMDC LTD. - 526371 - Extension Of Additional Charge Of The Post Of CMD, NMDC To Shri Amitava Mukherjee, Director (Finance), NMDC Ltd.
Reference to the captioned subject and in furtherance of our earlier letter dated 13.03.2023, it is hereby informed that Ministry of Steel, Government of India vide order No. 3/2/2021-BLA dated 09.06.2023 has communicated that the additional charge of the post of Chairman and Managing Director (CMD), NMDC Ltd. presently assigned to Shri Amitava Mukherjee, Director (Finance), NMDC Ltd. has been extended for a period of 3 months w.e.f. 01.06.2023 to 31.08.2023 or till a regular incumbent joins the post, or until further orders, whichever is the earliest.12-06-2023
Tech Query: Can J.K. Cement stock be bought at current levels?
We zoom in on the prospects of J.K. Cement, as also the prospects of two other stocks NMDC and Himatsingka Seide10-06-2023
NMDC in line to set up two slurry pipelines in Bastar district
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-year06-06-2023
NMDC LTD. - 526371 - Announcement under Regulation 30 (LODR)-Monthly Business Updates
In pursuance of SEBI (LODR) Regulations, 2015, kindly note that the details of Production & Sales of Iron Ore (Provisional) for and up to the month of May 2023 are as per letter attached.01-06-2023
NMDC cuts iron ore lump rate by Rs 300 per tonne to Rs Rs 3,900 per tonne
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 mar30-05-2023
NMDC LTD. - 526371 - Prices Of Iron Ore W.E.F. 29.05.2023
Kindly note that the prices of Iron Ore w.e.f. 29.05.2023 has been fixed as under:- i) Lump Ore (65.5%, 6-40mm) @ Rs. 3,900 /- per ton ii) Fines (64%,-10mm) @ Rs. 3,560/- per ton Note: The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes. Please take note of the above information.30-05-2023