close
This ad will auto close in 10 seconds

State govts yet to respond on ore exploration proposal: NMDC

State-owned National Mineral Development Corporation Limited (NMDC) Thursday said despite its willingness to explore iron ore for free of cost in various states, many governments are yet to respond to the call.

NMDC base price fixed at Rs 147 per share, Rs 5,828 cr eyed

The government on Tuesday fixed Rs 147 a share as the base price-- a 7.7 percent discount at market rate-- for sale of its 10 percent stake in miner NMDC, with the hope of garnering Rs 5,828 crore to the cash-pressed Exchequer.

NMDC issue price fixed at Rs 145-150; offer on Wednesday

The government Monday fixed a price band of Rs 145-150 per share for its stake sale of 10 percent in NMDC on stock exchanges on Wednesday that could fetch up to Rs 5,947 crore.