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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......

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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Metal stocks rally, sectoral index goes up 2.84 per cent

Most metal stocks rose on Thursday, mirroring the strong buying in this space. The BSE Metal Index, which advanced 2.84 per cent, topped other... ...

http://www.mydigitalfc.com/stock-market/metal-stocks-rally-sectoral-index-goes-284-cent-960
Task force to prepare road map for steel plants in AP, T'gana

A task force has been formed to consider the feasibility issues and prepare a road map to set up steel plants in Andhra Pradesh and Telangana,... ...

http://www.business-standard.com/article/pti-stories/task-force-to-prepare-road-map-for-steel-plants-in-ap-t-gana-117031500823_1.html
NMDC's iron ore output grows 21%, sales rise 25% up to Feb

State-run NMDC Ltd. on Tuesday said its iron ore production grew by 21 per cent to 30.33 million tonnes (mt) during April to February this year as... ...

http://www.business-standard.com/article/news-ians/nmdc-s-iron-ore-output-grows-21-sales-rise-25-up-to-feb-117031400778_1.html
Falling prices,share buyback,dividends may see NDMC borrowing

Cash-rich state-run miner NMDC, for the first time after nearly two decades, may have to borrow funds for its ongoing projects next financial year... ...

http://www.business-standard.com/article/pti-stories/falling-prices-share-buyback-dividends-may-see-ndmc-borrowing-117031400700_1.html
K'taka to Centre

Karnataka Industries Minister R V Deshpande today called on Union Steel Minister Chaudhary Birender Singh and demanded sufficient supply of raw... ...

http://www.dnaindia.com/money/report-need-more-ore-for-sponge-iron-units-k-taka-to-centre-2349315

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