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NMDC to invest $1 billion on infrastructure, says official
Tue, May 14, 2019
NMDC, in November 2018, had moved the High Court challenging the Karnataka government decision on imposition of the premium on Donimalai ore.
NMDC cautions against fake recruitment notice for post of executive trainees
Wed, May 08, 2019
NMDC said that it has not issued any such notification pertaining to the recruitment of executive trainees on any website or newspaper.
Finance Ministry clears NMDC's Rs 1,000 cr share buyback plan - Top points to know
Tue, Jan 08, 2019
The finance ministry has approved state-owned iron ore producer NMDC's share buyback plan worth Rs 1,000 crore, an official said.
Fast Money: These 20 shares will help you earn more today, Jan 02nd, 2019
Wed, Jan 02, 2019
In this segment of Zee Business know which shares will help you earn more today, Jan 02nd, 2019. Watch full video for more info.
NMDC management inks pact with Unions Federation on workmen salaries revision
Sun, Nov 25, 2018
Revision in the salaries of thousands of workmen working in Bailadila and Donimalai mines and other units of NMDC is cleared, a company statement said.
Acquisition of companies is not on our agenda: Baijendra Kumar, CMD, NMDC
Mon, Oct 22, 2018
Baijendra Kumar, chairman-cum-managing director of National Mineral Development Corporation (NMDC), said the miner’s Chhattisgarh steel plant may become functional in the next four to five months. In an interview with Swati Khandelwal of Zee Business, he talked about NMDC’s production target, pricing outlook, plans for steel-making and interest in tungsten.
NMDC's steel plant has a target of producing 3MT steel: Baijendra Kumar
Thu, Oct 11, 2018
Baijendra Kumar, Chairman-Cum-Managing Director, NMDC Ltd., talks about NMDC's production target by 2021-22, pricing outlook and its interest in tungsten in an exclusive interview with Zee Business.
Market crash haunting you? Take shelter in these 10 dividend-yielding stocks
Fri, Mar 09, 2018
The Sensex has shaved off over 3000 points so far from its peak hit on January 29 after the re-introduction of long-term capital gains (LTCG) tax in Budget 2018, and amid pressure in public sector banking stocks post the alleged financial fraud in Punjab National Bank (PNB).
Steel PSUs' capex slashed by 11% to Rs 11,317 cr for FY'19
Sun, Feb 04, 2018
The government had budgeted Rs 12,637.71 crore for these public sector undertakings (PSUs) for the current financial year
Retail investors over-subscribe NMDC; govt to get Rs 1,200 cr
Wed, Jan 10, 2018
Over 8.58 crore bids came in for 1.59 crore shares reserved for them, representing 5.40 times over- subscription
SAIL may return to profit next year: Steel Secretary
Mon, Dec 25, 2017
Steel Authority of India Ltd's (SAIL) standalone net loss had narrowed to Rs 539.06 crore for the quarter ended September 30, 2017.
Exclusive: India seeks hefty dividends from state firms as its revenues falter
Mon, Nov 13, 2017
The demand has been made following a finance ministry assessment on Oct. 25 of the financial health of 14 state companies, including top miner NMDC Ltd and trading firm MMTC Ltd, according to a government document reviewed by Reuters.
NMDC in talks to acquire stake in Vietnam's tungsten mine
Sun, Feb 19, 2017
"Recently a team from NMDC visited the plant and held initial discussions with Masan Resources. NMDC is interested in acquiring a considerable stake in the mine as Ministry of Defence has also expressed interest to buy the metal from NMDC. A decision will be arrived only after a due diligence," sources told PTI.
NMDC invests Rs 1,222 crore to set up Nagarnar steel plant
Sun, Dec 18, 2016
State-run iron ore miner NMDC has invested Rs 1,222.65 crore till September 2016 to set up a 3 million tonnes per annum (MTPA) integrated steel plant in Nagarnar in Bastar district of Chhattisgarh. The plant is expected to start trial production by mid-2017.
NMDC, Nalco, MOIL stake sale: Why sell when prices are low?
Mon, Oct 10, 2016
Union Government is likely to sell stake in three PSUs namely National Mineral Development Corporation (NMDC), National Aluminium Company (Nalco) and MOIL in the last quarter of this fiscal to raise about Rs 6000 crore.
Govt may fetch Rs 6,000 crore from 3 PSUs' disinvestment plans
Sun, Oct 09, 2016
The three PSUs have already announced share buyback programmes in the current fiscal.
NMDC iron ore sales up nearly 21% in September
Fri, Oct 07, 2016
NMDC has posted nearly 21% rise in the sales of iron ore for the September month.
Govt expects to garner Rs 16,000 crore via disinvestment of PSUs
Sun, Aug 07, 2016
With at least one buy-back announcement from public sector undertakings (PSUs) every month, the government is expected to garner over Rs 16,000 crore in its disinvestment kitty over the next couple of months.
Govt invites bids from merchant bankers for 10% stake sale in NMDC
Fri, Apr 22, 2016
The government currently holds 80% stake in the public sector unit (PSU), which has a paid-up capital of Rs 396.47 crore.