LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Equity & Shares  :  NMDC moves higher on eyeing 20% growth in FY18

NMDC moves higher on eyeing 20% growth in FY18 (26-Sep-2017)

NMDC is currently trading at Rs. 121.70, up by 1.35 points or 1.12% from its previous closing of Rs. 120.35 on the BSE.

The scrip opened at Rs. 122.00 and has touched a high and low of Rs. 122.65 and Rs. 120.15 respectively. So far 62404 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 152.50 on 02-Mar-2017 and a 52 week low of Rs. 101.10 on 30-Sep-2016.

Last one week high and low of the scrip stood at Rs. 135.00 and Rs. 117.90 respectively. The current market cap of the company is Rs. 38536.19 crore.

The promoters holding in the company stood at 74.94%, while institutions and non-institutions held 21.28% and 3.78% respectively.

NMDC is expecting a growth of 20 per cent in FY18 over last year. In this regards, the state-owned mining major is planning to deploy a capex of about Rs 3,000 crore this fiscal in capacity expansion and for deployment in Nagarnar Steel.

The company is in the process of finalising a strategy for divestment of Nagarnar Steel Plant, coming up at Bastar in Chhattisgarh. About Rs 12,559 crore has been spent on the 3 million tonne per annum steel plant so far and it is preparing to start operations.

The company has achieved record iron ore production of 34 mt and sales of 35.6 mt during 2016-17, which was 19 per cent and 24 per cent higher year-on-year. The turnover at Rs. 8,830 crore was 37 per cent higher than in 2015-16. Net worth of the company was at Rs. 22,519 crore as on March 31, 2017.

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.

 


Top News Today
M&M's arm inks MoU with MACP
(19-Feb-2018)

M&MMahindra & Mahindra's (M&M) wholly owned subsidiary - Mahindra Agri Solutions has inked a Memorandum of Understanding (MoU) with Maharashtra Agriculture Competitiveness Project (MACP),......click on news to read complete article.

Shree Cement commissions new Cement Grinding Unit at Bihar
(19-Feb-2018)

Shree Cement commissions new Cement Grinding Unit at BiharShree Cement has commissioned new Cement Grinding Unit namely 'New Bihar Cement Plant'. The unit with capacity of 2 MTPA is located at Aurangabad in the state of Bihar.The company had recently commissioned......click on news to read complete article.

Premier Explosives receives Management System Certificate from DNV
(19-Feb-2018)

Premier Explosives receives Management System Certificate from DNVPremier Explosives has received the Management System Certificate from DNV GL Business Assurance (DNV), USA after the company has been found to conform to the Quality Management System Standard ISO 9001:2015......click on news to read complete article.

International Stock News
Asian markets trade higher in early deals on Monday
(19-Feb-2018)

Asian markets trade higher in early deals on MondayAsian equity benchmarks are trading higher in early deals on Monday, joining a global recovery for equity markets as sentiments improved gradually from a recent shakeout that stemmed from fears of creeping......click on news to read complete article.

Asian markets trade higher in early deals on Monday
(19-Feb-2018)

Asian markets trade higher in early deals on MondayAsian equity benchmarks are trading higher in early deals on Monday, joining a global recovery for equity markets as sentiments improved gradually from a recent shakeout that stemmed from fears of creeping......click on news to read complete article.

US markets end mixed on Friday
(17-Feb-2018)

US markets end mixed on FridayThe U.S. equity markets paring most of their early gains ended mixed on Friday after Special Counsel Robert Mueller's office revealed that a federal grand jury has indicted several Russian nationals for......click on news to read complete article.

 

     
  
Recent Equity & Shares News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.