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SC allows NMDC to operate two mines in Bellary

In an interim order, the Supreme Court has permitted the state-run NMDC to operate two mines in Bellary district. The NMDC, which has been granted leases by the state government, was permitted by......

Maoists attack NMDC complex, gunbattle on

Around 50 armed Naxals attacked a complex of state-owned National Mineral Development Corporation, which is said to house large quantities of explosives, triggering a gunbattle with Central......

Follow Sharif and quit: Rahul to Chhattisgarh CM on Panama Papers

  Congress vice president Rahul Gandhi on Saturday demanded the resignation of Chhattisgarh Chief Minister Raman Singh over the Panama Papers issue, citing the case of Nawaz Sharif who quit as......

Govt rethinks CIL, ONGC stake sale

Divestment in PFC, REC, NHPC, Nalco, Hindustan Copper and NMDC could be considered Following the recent slide in the share prices of public sector behemoths Coal India Ltd (CIL) and Oil and Natural......

LIC will look only at good scrips: Mehrotra

Life Insurance Corporation of India (LIC), which has invested in offer for sale (OFS) of NMDC and Hindustan Copper. will invest in only in good scrips that come up for disinvestment, said D K......

Govt gets Rs 6000 cr from NMDC share sale

The NMDC issue was oversubscribed 1.73 times on Wednesday, fetching Rs 6,000 crore (Rs 60 billion) for the government for its 10 per cent stake, thanks to strong participation from FIIs and......

Why NMDC FPO is an attractive offer for investors

The government's necessity to garner funds to bridge its fiscal deficit has thrown up an opportunity for investors in the form of NMDC Ltd's follow-on-public offering (FPO). In order to achieve......

NMDC stake sale likely by Dec; to garner Rs 7,500 cr

The government on Thursday said it is planning 10 per cent stake sale in NMDC by mid-December, which could fetch the exchequer about Rs 7,500 crore (Rs 75 billion)."NMDC disinvestment is likely by......
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Centre wants Odisha iron ore output ramped up 20% to match green limits

Closure of seven working mines in state has triggered sharp price hikes by both, lessees and NMDC Jayajit Dash | Bhubaneswar Last Updated at... ...

http://www.business-standard.com/article/companies/centre-wants-odisha-iron-ore-output-ramped-up-20-to-match-green-limits-118011700949_1.html
FPIs cautious ahead of budget

Ravi Ranjan Prasad City: Mumbai With the market regul­arly setting new highs and domestic liquidity chasing hi­gh returns, institutional... ...

http://www.mydigitalfc.com/deep-dive/fpis-cautious-ahead-budget
Nifty manages to close above 10,650, Sensex mildly higher

Jai Corp, Prism Cement, GVK Power, Welspun India, Indiabulls Real, JSW Energy and NMDC gained 1-8 percent. ...

http://www.moneycontrol.com/news/local-markets/closing-bell-nifty-manages-to-close-above-10650-sensex-mildly-higher_10337721.html
NMDC retail portion OFS fully subscribed; govt to fetch Rs 12 billion

The sale of 2.52% in NMDC at a floor price of Rs 153.50 per share will fetch about Rs 12 billion to the exchequer Press Trust of India | New Delhi... ...

http://www.business-standard.com/article/markets/nmdc-retail-portion-ofs-fully-subscribed-govt-to-fetch-rs-12-billion-118011000865_1.html
Institutional investors put in bids worth Rs 9.76 bn in NMDC disinvestment

Based on the response from institutional buyers, however, it has decided keep the issue size at 2.52 per cent, according to a finance ministry... ...

http://www.business-standard.com/article/markets/institutional-investors-put-in-bids-worth-rs-9-76-bn-in-nmdc-disinvestment-118010900821_1.html

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