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'Process to constitute search committee for NMDC CMD started'

Last Updated: Monday, December 17, 2012, 15:42

The Steel Ministry Monday said it has initiated the process to constitute a committee for the selection of the Chairman for iron ore miner NMDC.

Govt gets Rs 6,000 cr from NMDC share sale; FIIs bid in big way

Last Updated: Wednesday, December 12, 2012, 19:27

The NMDC issue was oversubscribed 1.73 times on Wednesday, fetching Rs 6,000 crore for the government for its 10 percent stake, thanks to strong participation from FIIs and state-run insurer LIC.

Ministers to fix price of NMDC shares ahead of stake sale

Last Updated: Monday, December 10, 2012, 09:25

Empowered group of ministers (EGoM) headed by Finance Minister P Chidambaram will meet on Monday to fix the price for selling a 10 percent stake in iron ore miner NMDC.

Govt may disinvest 10% equity in NMDC this week

Last Updated: Sunday, December 09, 2012, 12:41

The government is likely to sell its 10 percent equity this week in iron ore miner NMDC, which could fetch the exchequer nearly Rs 6,300 crore at the current market price.

NMDC disinvestment likely by Dec 15

Last Updated: Friday, November 23, 2012, 22:44

Encouraged by the response to its stake sale in Hindustan Copper, the government today said disinvestment of its 10 per cent shares in NMDC is likely to take place in first half of the next month.

NMDC disinvestment likely by mid-Dec, to garner Rs 7,500 crore

Last Updated: Thursday, November 15, 2012, 14:06

The government on Thursday said it is planning 10 percent stake sale in NMDC by mid-December, which could fetch the exchequer about Rs 7,500 crore.

Cabinet clears 10% disinvestment of NMDC; may get Rs 7000 crore

Last Updated: Thursday, October 25, 2012, 19:15

The government on Thursday approved 10 percent stake sale in the iron ore mining major NMDC that could fetch the exchequer over Rs 7,000 crore.