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NMDC trades in green on the bourses

NMDC is currently trading at Rs. 92.60, up by 0.45 points or 0.49% from its previous closing of Rs. 92.15 on the BSE.

The scrip opened at Rs. 93.00 and has touched a high and low of Rs. 93.00 and Rs. 92.30 respectively. So far 3125 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. 96.55 and Rs. 92.00 respectively. The current market cap of the company is Rs. 28214.94 crore.

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

National Mineral Development Corporation (NMDC) is in the process of investing about $1 billion on infrastructure in the next three years to help ramp up iron ore production.

The cost of the upcoming three-million tonne capacity steel plant would go up to Rs 19,000 crore against the estimated Rs 15,500 at the time of conception. The iron ore miner has already invested nearly Rs 14,500 crore on the plant.

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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