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NMDC surges on exploring opportunity to export tailings from Bailadila iron ore mine

NMDC is currently trading at Rs. 95.00, up by 1.20 points or 1.28% from its previous closing of Rs. 93.80 on the BSE.

The scrip opened at Rs. 94.00 and has touched a high and low of Rs. 95.15 and Rs. 93.65 respectively. So far 51837 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. 99.80 and Rs. 93.05 respectively. The current market cap of the company is Rs. 29026.33 crore.

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

NMDC is exploring the opportunity to export its tailings from Bailadila iron ore mine in Chhattisgarh in view of supportive pricing dynamics in global markets. The mine is owned and operated by the state-owned mining company NMDC.

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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