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NMDC gains on fixing prices of iron ore

NMDC is currently trading at Rs. 102.65, up by 0.45 points or 0.44% from its previous closing of Rs. 102.20 on the BSE.

The scrip opened at Rs. 102.60 and has touched a high and low of Rs. 103.60 and Rs. 101.00 respectively. So far 219787 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 124.30 on 14-Sep-2018 and a 52 week low of Rs. 86.45 on 06-Dec-2018.

Last one week high and low of the scrip stood at Rs. 102.65 and Rs. 93.00 respectively. The current market cap of the company is Rs. 31276.79 crore.

The promoters holding in the company stood at 72.28%, while Institutions and Non-Institutions held 22.88% and 4.85% respectively.

NMDC has fixed the prices of iron ore with effect from May 25, 2019. The price of Lump Ore has been fixed at Rs 3,100 per ton, while the price of Fines has been fixed at Rs 2,860 per ton. The above for prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes.

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.

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