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NMDC
Mid Cap | Mining & Mineral products
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About NMDC
History of the Company
NMDC Ltd was incorporated on November 15, 1958, as a government company. Initially, its name was National Mineral Development Corporation Pvt Ltd, but the ‘Pvt’ part was later removed. In 1966, NMDC acquired the Panna Diamond Project. In 1968, they commenced the production of iron ore from Bailadila Deposit No.14. They later expanded the operations to Bailadila and also the Donimalai iron ore mine. In the year 1989, the company started a joint venture with J&K Minerals Ltd in order to explore the magnesite mine at Panthal and to eventually produce dead burnt magnesite. In 2008, they entered into an MoU with Spice Metals and Minerals for a strategic partnership for metal and mineral projects outside India. In the same year, the company was conferred the Navratna status by the Department of Public Enterprises. In 2009-10, the Government of India disinvested 8.38% of their holding in the company through an offer for sale. In 2010-11, the company signed an MoU with OJSC Severstal, a Russian company, to jointly set up an integrated steel plant in Karnataka. The company also incorporated a joint venture company, named Kopano Ke Matla Investment Company (Pty) in the Republic of South Africa to explore mineral resources there. In June 2013, NMDC signed an MoU with MOSI OA TUNYA Development Company from Zimbabwe for operating mineral projects in Zimbabwe. In 2013, NMDC’s subsidiary NMDC Power Ltd. (NPL) signed an MoU with IL&FS Energy Development Company Ltd (IEDCL) to buid a 500 megawatt (2x250 MW) thermal power plant via a joint venture at Gonda in Uttar Pradesh. In 2019-20, 1 MW capacity grid-connected Roof Top Solar (RTS) power plants were installed at various production units of NMDC.Business Segments
In the year ending on March 31, 2022, the company’s goods and services included Iron Ore, diamonds, pellets, coal and power. Based on the source, NMDC divides its iron ore products into the following categories:- Products from Bailadila sector - Baila ROM,10-20 mm Sized Ore, DRCLO, Baila Lump, Baila Fines.
- Products from Donimalai sector - Doni Lump, Kumaraswamy Lump, Kumaraswamy Sized Lump Ore
Subsidiaries
NMDC has multiple subsidiaries, including the following:- J&KMDC Ltd. - The company engages in the exploration and mining of Magnesite, Sapphire, Marble, Limestone, Iron ore, Coal, Phosphate, Manganese ore and other mineral deposits.
- Karnataka Vijaynagar Steel Ltd. - It is a wholly owned subsidiary that is majorly engaged in the manufacturing of steel.
- NMDC Steel Ltd - It is a wholly owned subsidiary that owns and operates a steel plant in Chhattisgarh.
Corporate Actions
The following are some of the major corporate actions undertaken by NMDC. Bonus Issue The company issued bonus shares at 2:1 in May 2008. Buyback of Shares The company had conducted a buyback of its shares in August 2016, January 2019 and November 2020. Stock Split The company had performed a stock split from ₹10 to ₹1 per share in April 2008. Mergers and Acquisitions- In 2022, NMDC demerged NMDC Steel from itself and handed it its steel operations.
Parent Organisation
Govt of India
Managing Director
Amitava Mukherjee
Founded
1958
NSE Symbol
NMDC
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Nmdc Ltd FAQs
What is the share price of Nmdc Ltd (NMDC) shares?
Nmdc Ltd (NMDC) share price as of July 26, 2024, on NSE is Rs 237.9 (NSE) and Rs 237.9 (BSE) on BSE.
Can I buy Nmdc Ltd (NMDC) from Angel One?
Yes, You can buy Nmdc Ltd (NMDC) shares by opening a Demat account with Angel One.
How do I buy Nmdc Ltd (NMDC) from Angel One?
Nmdc Ltd (NMDC) share can be bought through the following modes:
1. Direct investment: You can buy Nmdc Ltd (NMDC) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Nmdc Ltd (NMDC) shares.
1. Direct investment: You can buy Nmdc Ltd (NMDC) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Nmdc Ltd (NMDC) shares.
What is the main business of NMDC?
The main business of NMDC, a Navratna PSE under the Ministry of Steel, is to undertake exploration of iron ore and other strategic and critical minerals. Headquartered in Hyderabad, NMDC is the single largest producer of iron ore in India.
Who are the promoters of NMDC?
The President of India is the primary promoter of NMDC and currently holds 60.79% stake in the company.
What are the Subsidiaries that comes under NMDC?
Some of the subsidiaries that come under NMDC are Legacy Iron Ore Limited, Australia, J & K Mineral Development Corporation Limited, India, Karnataka Vijaynagar Steel Limited, India, NMDC Steel Limited, India, and Jharkhand Kolhan Steel Limited, India.
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