NMDC is currently trading at Rs. 172.25, up by 2.10 points or 1.23% from its previous closing of Rs. 170.15 on the BSE.
The
scrip opened at Rs. 170.15 and has touched a high and low of Rs. 173.45
and Rs. 169.50 respectively. So far 9,085 shares were traded on the
counter.
The BSE group 'A' stock of face value Rs.
1 has touched a 52 week high of Rs. 206.35 on 16-Feb-2012 and a 52 week
low of Rs. 136.15 on 20-Dec-2011.
Last one week
high and low of the scrip stood at Rs. 182.80 and Rs. 169.10
respectively. The current market cap of the company is Rs. 68,292 crore.
The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 9.08% and 0.91% respectively.
The
country’s largest iron ore maker, NMDC is planning to increase its iron
ore production capacity to 48 million tonnes per annum (MTPA) by
2014-15 from its current installed capacity of 32 MTPA.
The
state-run company is anticipating that by next year it would start one
deposit at Balidala in Chhattisgarh with an annual capacity of 7 MTPA.
Also work is going on to develop Kumaraswamy deposits in Karnataka. The
company is presently not sure on the expected time-line on when the
operations from this deposit would start.
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