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Two firms show interest in NMDC's Rs 15K-Cr steel project

Last Updated: Friday, April 12, 2013, 19:48

"We have received two applications," a company official said, adding identities of the interested parties can not be disclosed at the moment.

NMDC eyes Rs 10,000-cr from stake sale in Nagarnar plant

Last Updated: Tuesday, March 12, 2013, 19:42

The company which would ensure uninterrupted coking coal supply would be given preference, he said.

State govts yet to respond on ore exploration proposal: NMDC

Last Updated: Thursday, December 13, 2012, 20:30

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.

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.

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

Last Updated: Tuesday, December 11, 2012, 17:50

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

Last Updated: Monday, December 10, 2012, 20:25

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.

Cabinet likely to give green signal to NMDC stake sale

Last Updated: Wednesday, October 24, 2012, 00:39

The Union Cabinet is likely to give green signal on Thursday to 10 percent stake sale in the iron ore mining major NMDC that could fetch the government over Rs 7,000 crore.

Govt invites bids from bankers for stake sale in NMDC, Nalco

Last Updated: Saturday, September 08, 2012, 15:49

The Department of Disinvestment has invited bids from merchant bankers for further divesting government's stake in two Navratnas - NMDC and Nalco.