Nmdc share price

The Street is very optimistic about the resulting entity. NMDC Steel would be valued at about Rs 35-40 per share for a greenfield plant capacity of 3 MTPA, ...

It expects iron ore prices to remain subdued and post-demerger of the steel plant, NMDC would likely continue to pay higher dividends. "Based on the valuation, the tentative price of the new entity would be around Rs 22 per equity share," it added. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). NMDC fixed October 28, 2022 (Friday) as the record date for the demerger of its steel business. Other brokerage firms expect NDMC Steel to be listed on bourses in December. It will separately list its steel business entity named NDMC Steel, for which it has already received approval from the government.