NMDC Q2 Results: Margins expand from last year but miss expectations, topline beats NMDC had recently announced a cut in the prices of lumps by ₹550 per tonne and for fines by ₹500 per tonne. Clarity behind such a price cut would be awaited from the management, along with the volume and capex outlook for the rest of the year. Overview NMDC Steel Limited is a Govt. Company under administrative control of Ministry of Steel, Govt. of India. The shares of the Company are listed on BSE, NSE and Calcutta Stock Exchange. The Company owns and operates the state of the art 3.0 MTPA steel plant at Nagarnar, Chhattisgarh. The Steel plant has been built at a cost of approximately Rs. 24000 crores. The Plant is set to establish its mark in the Hot Rolled market with its repertoire of high grade Hot Rolled steel that is slated ... About the Company NMDC Limited ( NMDC ) is an India-based iron ore producer and exporter. The Company operates in two business segments: iron ore and other minerals and services. Incorporated in 1958 as a Government of India public enterprise, NMDC is India’s largest producer of iron ore. Since inception, the corporation under the administrative control of the Ministry of Steel, has been involved in the exploration of a wide range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands amongst others in some of the most remote corners of the country.
