NMDC Ltd (NMDC)

ICICI Securities PMS Fund Manager Prefers Critical Mineral Segment Over Railway Stocks - 24 Jul, 2024

Amit Gupta, Senior Vice-President & Fund Manager at ICICI Securities PMS, prefers the critical mineral segment over railway stocks due to better valuations. The government has worked on this sector in Budget 2024 and shares of companies such as Hindustan Copper Ltd and NMDC Ltd are available at relatively better valuations.

NMDC Ltd Stock Gains Over 15% in Last 6 Months - 23 Jul, 2024

State-owned NMDC Ltd, engaged in the exploration of various minerals, has gained over 15% in the last six months and over 110% in the past year. As of July 22, 2024, NMDC share price closed at Rs 234 on NSE.

NMDC Aims for 100 MT Iron Ore Production by 2030 - 21 Jul, 2024

NMDC is targeting 100 million tonne of iron ore production by 2030 and is carrying out internal restructuring, overseas acquisitions, and enhancing production capacities. The company plans to produce 78 MT from existing mines, 14 MT from NCL JV mines, and the balance 8 MT from newly applied mining leases across states. NMDC has engaged global consulting agencies to draw advisory strategies on commercial sales, distribution, and logistics.

NMDC Ltd Reports Strong Dividend Yield and Multibagger Return - 17 Jul, 2024

NMDC Limited has reported a strong dividend yield of 2.67% and delivered a multibagger return of 118% in a year. Its revenue from operations grew by 20.61% to Rs. 21,308 Crores in FY24 with profits remaining steady at Rs. 5,571 Crores.

Prabhudas Lilladher Expects NMDC's Q1 Net Profit to Fall by 21.7% - 16 Jul, 2024

According to Prabhudas Lilladher, NMDC Ltd is expected to report a net profit of Rs. 1,300 crore in Q1 FY2025, down 21.7% YoY and 9.3% QoQ. However, net sales are expected to increase by 1.1% YoY to Rs. 5,450 crore. EBITDA is likely to fall by 8.1% YoY to Rs. 1,830 crore.

NMDC Aims for 100 MT Iron Ore Production by 2030 - 13 Jul, 2024

Union Minister of Steel and Heavy Industries HD Kumaraswamy directed NMDC officials to commit to their goal of producing 100 million tonnes of iron ore by 2030. The review meeting discussed projects that can set a course for a future driven by excellence, innovation, and sustainability.

Union Ministers Visit NMDC; Company Aims for 100 Million Tonnes by 2030 - 12 Jul, 2024

The Union Minister of Steel and Heavy Industries, along with the Minister of State for Steel and Heavy Industries, visited NMDC's head office in Hyderabad to review its performance, future roadmap, social initiatives, and challenges. The ministers encouraged NMDC officers to commit to their goal of producing 100 million tonnes by 2030.

Steel Secretary Visits NMDC's R&D Facility in Hyderabad - 07 Jul, 2024

Nagendra Nath Sinha, Secretary of the Ministry of Steel, visited NMDC's new state-of-the-art Research and Development facility in Patancheru, Hyderabad. The facility will mark a new chapter in mineral exploration and development, creating opportunities for sustainable and innovative technology to thrive. NMDC R&D has been recognized as a Centre of Excellence by both UNIDO and DSIR for its knowledge and technology transfer to the domestic and global industry.

Union Steel Secretary Visits NMDC's R&D Facility - 06 Jul, 2024

The Union Steel Secretary visited NMDC's new research and development facility in Hyderabad, reviewing the iron ore producer's sustainable mineral processing technology and future roadmap. The facility is set to bring game-changing interventions in ore beneficiation and mineral processing technology while serving as a hub for collaboration with leading academic institutions and industry experts.

NMDC's R&D Centre Recognized as a Centre of Excellence - 05 Jul, 2024

The new state-of-the-art R&D centre of NMDC has been recognized as a Centre of Excellence by UNIDO and DSIR for its knowledge and technology transfer to the domestic and global industry. The facility houses cutting-edge technology manned by experts committed to bringing game-changing interventions in ore beneficiation and mineral processing technology.

J&K Fails to Auction Lithium Reserves Mining Rights - 04 Jul, 2024

The federally administered region of Jammu and Kashmir failed to receive any bids in a second attempt to auction mining rights for its lithium reserves, which were estimated at 5.9 million metric tonnes.

NMDC Reduces Iron Ore Prices Despite Production Decline - 02 Jul, 2024

State-owned mineral company NMDC has reduced iron ore prices by Rs 500 per tonne for lump ore and fines effective from June 30. This comes after a year-on-year decline in both iron ore production and sales for June. Technical analysis suggests the stock may recover, with expected levels of Rs 263-275.

NMDC Shares Surge Following Bullish Recommendation - 01 Jul, 2024

Shares of NMDC Ltd surged after receiving a buy recommendation from ICICI Direct with a target price of Rs 325 per share. However, the company reported a decline in production and sales for June 2024, along with a decline in net profit for Q4FY24.

NMDC Ltd Drops for Fifth Straight Session - 27 Jun, 2024

The stock of NMDC Ltd has dropped for the fifth straight session, down 2.13% on the day to Rs 243.95 as of 13:19 IST on the NSE. The PE ratio is 12.53 based on TTM earnings ending March 24. The volume in the stock stood at 102.38 lakh shares today compared to the daily average of 125.53 lakh shares in the last one month.

NMDC Ltd Receives Positive Recommendations from Analysts - 26 Jun, 2024

Analysts are optimistic about the future of NMDC Ltd, India's largest iron ore producer. InCred has listed it as their top pick in the steel sector, while brokerages highlight its growth potential and profitability. The company is well-positioned to capitalize on strong volume growth in domestic steel markets over the next few years.