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03-Apr2018

NMDC gains on inking MoU with Indian Rare Earths

NMDC is currently trading at Rs. 118.25, up by 0.40 points or 0.34% from its previous closing of Rs. 117.85 on the BSE.

The scrip opened at Rs. 117.00 and has touched a high and low of Rs. 118.40 and Rs. 117.00 respectively. So far 54,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 162.55 on 08-Jan-2018 and a 52 week low of Rs. 102.80 on 27-Jun-2017.

Last one week high and low of the scrip stood at Rs. 121.95 and Rs. 117.00 respectively. The current market cap of the company is Rs. 37,413.00 crore.

The promoters holding in the company stood at 74.94%, while Institutions and Non-Institutions held 21.01% and 4.05% respectively.

NMDC has signed a Memorandum of Understanding (MoU) with Indian Rare Earths (IREL) on April 02, 2018. Through this MoU, NMDC and IREL together propose to explore opportunities in rare earths in India and abroad and also in setting up downstream value chain for RE products.

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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