NMDC Steel share

The company was demerged from NMDC and every shareholder (as on record date) of the iron ore company got a share of the demerged steel company. The new ...

NMDC, on the other hand, is now free of development-related overhang from NMDC Steel, which along with an attractive dividend yield (around 12 per cent in FY22), underlined our positive view on the stock earlier. While other privately owned producers trade at a higher range on a price-to-book value basis (2.1 times for JSW Steel, 1.7 times for Jindal Steel and 1.2 times for Tata Steel), NMDC Steel, which is a PSU company, may be compared to SAIL for valuations. The stock opened at the mid-point of the range, implying a price-to-book of 0.45x at the opening price for NMDC Steel.

By Malvika Gurung. Investing.com -- Shares of NMDC Steel, the demerged steel business of the public sector undertaking NMDC (NS: NMDC ), hit a 5% upper ...

Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. [TISC ](/equities/tata-steel)), Jindal Steel and Power, JSW Steel (NS: [JSTL ](/equities/jsw-steel)), Adani Group and Vedanta (NS: [VDAN ](/equities/sesa-goa)) Group were likely to show interest in bidding for the Centre’s majority stake in NMDC Steel. The newly-listed entity hit an upper circuit of 5% on the listing day, i.e., Monday, and extended the trend to the second straight session on Tuesday too. [NMDC ](/equities/nmdc)), hit a 5% upper circuit for the second consecutive session on Tuesday.

NMDC Steel was formed after the demerger of the Nagarnar steel manufacturing unit from state-owned NMDC, the country's largest iron ore producer.

NSL is up for privatisation as the government is looking to sell its majority stake in the company and along with management control. In July last year, NMDC’s board had approved a scheme of arrangement between the company, NMDC Steel, and their respective creditors and shareholders, which entailed inter-alia demerger of Nagarnar Iron & Steel Plant (NISP). During the session, the stock hit an intraday low of ₹29.05 on the BSE and ₹30.25 on the NSE.

National Mineral Development Corporation (NMDC) Steel Limited was listed on the Bombay Stock Exchange on Monday to become a public company.

NSL, National Mineral Development Corporation’s (NMDC) 3 Million Tonnes per annum Integrated Steel Plant at Nagarnar in Chhattisgarh, was listed to become a public company on Monday. The government owns a 60.79% stake in this company, said a press release on Monday. “Nagarnar Steel Plant is in the final stages of commissioning and is likely to be commissioned shortly.

Shri Manoj Kumar, Joint Secretary, DIPAM, Government of India; Shri Nayan Mehta, CFO, BSE Limited; Shri Amitava Chatterjee, MD & CEO, SBI Capital Markets ...

Expressing his gratitude towards everyone involved in the listing of the company, Shri Sumit Deb, CMD, NMDC said, "Nagarnar Steel Plant is in the final stages of commissioning and is likely to be commissioned shortly. NMDC Steel Limited was incorporated as a wholly owned subsidiary of NMDC Limited on January 2, 2015 under the Companies Act, 2013 with a registered office at NMDC Iron & Steel Plant Nagarnar Bastar, Chhattisgarh. Mohanty, Director, NSL, Independent Directors of NMDC and Senior Officials of NMDC and NSL.