nmdc ltd


NMDC posts 49 percent rise in Q3 net at Rs 886 crore

Feb 13 2018

NMDC Ltd reported 48.9 percent rise in standalone profit at Rs 886.53 crore for the quarter ended December 2017.

NMDC Ltd keen to augment mineral production in Odisha

Jan 20 2018

State-run NMDC Ltd has offered to augment mineral production in Odisha, which is likely to be hit by shortage of iron ore due to closure of mines.

State miner NMDC plans bid for $9 billion diamond mine

Nov 07 2017

India’s state-owned miner NMDC Ltd plans to bid for a $9 billion diamond project in MP, competing against resources conglomerates Adani and Vedanta.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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