NMDC to set up 500-MW plant at Gonda

Making its maiden venture into thermal power generation, state-owned iron ore miner NMDC will set up a 500-MW power plant at UP`s Gonda.

UP exploring new options for power

Hoping to meet the growing demand for power, the Uttar Pradesh government is exploring the viability of setting up two new thermal power plants in the state.

K’taka: CBI conducts search at NMDC office

CBI conducted searches at National Mineral Development Corporation office over alleged illegal mining carried out by Deccan Mining Syndicate.

Maoists shutdown hits NMDC iron ore transportation

Iron ore transportation of public sector mining giant NMDC Ltd in Chhattisgarh has been hit hard since Monday by a week-long shutdown called by the Maoists.

NMDC iron ore shipment hit by Maoist shutdown

NMDC Ltd has several mines at Bailadila hills in insurgency-riddled Dantewada district of Chhattisgarh where it produces more than 75 percent of its total annual iron ore output.

Maoists attack NMDC complex in Chhattisgarh

Around 50 armed Naxals attacked a complex of state-owned NMDC, which is said to house large quantities of explosives, triggering a gunbattle with CISF
personnel guarding the key economic installation.

NMDC eyes at Rs 30,000-cr turnover by 2014-15

The State-owned mining company
NMDC Limited, is eying at Rs 30,000-crore turnover with an
investment of Rs 26,000-crore by 2014-15.

Maoists raid NMDC mining complex, set ablaze 19 trucks

Over 100 Maoist guerrillas stormed into a mining complex of the state-run NMDC Ltd in Chhattisgarh`s restive Dantewada district early Wednesday and set 19 trucks on fire.

Government approves NMDC-SIIL merger

The country`s largest iron ore producer NMDC on Monday said the Government has approved the merger of secondary steel producer SIIL with itself.

NMDC files for FPO; likely to raise Rs 20,000 crore

The state-run mining giant NMDC on Monday filed the draft prospectus with the market regulator Sebi for its follow-on public offer, through which the Government expects to mop up Rs 20,000 crore.

NMDC board approves filing draft prospectus with Sebi for FPO

State-run mining giant NMDC today said its board has approved filing draft prospectus with market regulator Sebi for its estimated Rs 20,000 crore follow-on public offer(FPO).

NMDC Q3 net dips 40% to Rs 860 cr; declares 75% dividend

State-run mining giant NMDC`s net profit has declined by 40 per cent to Rs 860 crore in the third quarter ended December 31, 2009.

NMDC to soon appoint consultant for K`taka steel plant

On the heels of Karnataka
clearing the ArcelorMittal and Posco projects worth Rs 62,300
crore in a very short while, the NMDC is
planning to appoint a consultant by the month-end to speed up
its project in the state.

Govt shortlists Citi, Kotak among six to advice on NMDC sell-off

Six leading bankers, including Citigroup and Kotak Mahindra, are learnt to have been shortlisted for managing divestment programme of state-owned iron ore producer NMDC.

Govt to offload 8.4 pc this fiscal: NMDC

The Government will sell 8.38 per cent of its stake in the mining major NMDC in the current fiscal itself, generating around Rs 14,100 crore from the process.

Govt to disinvest 8.38 percent in NMDC

The government will sell its 8.38 percent stake in NMDC by March 31, 2010, the Navratna mineral company has said.

NMDC aims to raise $4.9 bn through share sale

The government is hoping to raise over Rs.230 billion ($4.9 billion) from the sale of a stake in iron ore miner National Mineral Development Corp.

Govt scouts for lead-managers for NMDC sell-off

Taking the disinvestment process
in iron ore producer NMDC forward, the government today
invited applications for appointment of lead managers to
advise it on the timing of the public issue, among other

CCEA clears NMDC stake sale: Virbhadra Singh

Steel Minister Virbhadra Singh
on Wednesday said that the government has given the nod for divesting an additional 8.38 per cent stake in iron ore producer NMDC, a move which may fetch the exchequer over Rs 13,500 crore.

Top 10 firms lose Rs 40K cr in a week; NMDC suffers most

The top 10 companies saw their market capitalisation dipping by over Rs 40,000 crore last week with NMDC losing the most.