Price Band: Rs.300 to Rs.350
Issue Opens on: March 10, 2010 | Issue Closes on: March 12, 2010
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Issue highlights (Source: BRLM/RHP)
- A pioneer in the Indian mining industry - established in 1958 and has the objective of exploring and exploiting minerals and manufacturing and selling products.
- NMDC is a PSU organisation & is the largest producer of Iron Ore by volume in India during the last three fiscal years.
- NMDC has reserves and resources of 1,360.6* million metric tones of iron ore with predominantly greater than 64% Fe content.
- Conferred the ?Navratna? status by Govt of India in 2008, which allows among other things greater financial autonomy to the Board of Directors of the Company.
- NMDC has competence in undertaking technology development projects in the field of ore beneficiation and mineral processing For e.g. to convert waste material into products of commercial value.
- In addition, NMDC operates one of the largest diamond mines in Asia with the authorisation to produce 100,000 carats of gem and industrial diamonds per annum.
- Achieved No.1 rank among the financial ranking of central public sector enterprises for the year 2007?08 on the basis of overall performance on financial and other parameters.
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