Recent Event Highlights: NMDC will be an outperformer in steel space: Motilal Oswal - Myiris.com, NMDC can go up to about Rs 250: PN Vijay - Moneycontrol.com, Govt postpones NMDC stake sale - Hindu Business Line, NMDC - AGM on Sep 20, 2012 - Moneycontrol.com, NMDC plan to increase production - SteelGuru, Brokerage views on Sun Pharma, M&M, SAIL, Lupin, NMDC - Economic Times, and 227 more...
Created by dipity on Mar 23, 2009
Last updated: 08/30/12 at 12:06 AM
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NMDC will be an outperformer in steel space: Motilal OswalMyiris.comChina has been the sole driver of world per capita apparent steel use (ASU). In the rest of the world (RoW), per capita ASU has been secularly declining over the last 40 years. China`s high consumption growth period is over. Its investment cycle and ...and more »
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NMDC can go up to about Rs 250: PN VijayMoneycontrol.comNMDC can go up to about Rs 250 in the next 12-15 months, says PN Vijay, Portfolio Manager. It is a very high margin company, more than 75% margin. So, when you get a good volume increase, you get a nice increase in profitability. Bazaar at 08:00 am ...and more »
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Govt postpones NMDC stake saleHindu Business LineNMDC is one of the 15 companies mentioned as probable candidates for disinvestment during the recently held road shows for Qualified Foreign Investors (QFIs). Earlier in March 2010, the Government offloaded 8.38 per cent stake in NMDC, which fetched ...and more »
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NMDC - AGM on Sep 20, 2012Moneycontrol.comNMDC Ltd has informed BSE that the 54th Annual General Meeting (AGM) of the Company will be held on September 20, 2012. More Announcements on: NMDC · Peers. 28th-Aug-2012 16:26 Source: BSE. NMDC - AGM on Sep 20, 2012. 24th-Aug-2012 ...and more »
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NMDC plan to increase productionSteelGuruThe Minister of Steel, Mr Beni Prasad Verma has said that National Mineral Development Corporation has plan to increase production of iron ore from the present level of around 27 million tonnes per annum to 40 million tonnes per annum by the year ...
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Brokerage views on Sun Pharma, M&M, SAIL, Lupin, NMDCEconomic TimesNMDC: Morgan Stanley raised its target price on the stock from Rs 202 earlier to Rs 212 and maintains 'overweight' rating on the stock. Mahindra & Mahindra Ltd: Barclays maintains 'overweight' rating on the stock with a target price of Rs 843.and more »
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NMDC may go above Rs 200: SukhaniMoneycontrol.comNMDC may go above Rs 200: Sukhani. NMDC may go above Rs 200, says Sudarshan Sukhani of s2analytics.com. Bazaar at 08:00 am · Share · Tweet · Share on Tumblr. Like this story, share it with millions of investors on M3. NMDC may go above Rs 200: ...and more »
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NMDC seeks shareholders' nod for clause enabling share buybackEconomic TimesNEW DELHI: Iron ore miner NMDC has sought shareholders' approval for amendment in its Articles of Association which will enable it to launch share buy-back offer, a move that is needed to conform with a government directive on the same. "The proposal ...and more »
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Tata Steel, NMDC top picks in metal space: Angel BrokingMoneycontrol.comTata Steel, NMDC top picks in metal space: Angel Broking. Angel Broking has come out with its report on metal sector. The research firm says in 1QFY2013, among the steel companies, Tata Steel reported a 23.1% fall in operating profits due to higher ...and more »
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Tata Steel, NMDC, Hindustan Zinc top picks in metal space: Angel BrokingMyiris.comFor 1QFY2013 the metal companies showed a mixed top-line performance. Steel players like Tata Steel and JSW Steel reported a growth in net sales of 33.2% and 2.5% respectively, whereas all the non-ferrous players except Sterlite Industries (Sterlite ...and more »
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NMDC to add 13 million tonnes of iron ore production capacity in 3 yearsdomain-BNational Mineral Development Corporation (NMDC) is planning to increase domestic production of iron ore from the present level of around 27 million tonnes per annum (MTPA) to 40 MTPA by the year 2014-15, minister of steel Beni Prasad Verma has said.and more »
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Locals fear NMDC land acquisitionIBNLive.comVillagers of Veniveerapura and Janikunte, around 15 km from here, fear losing their land to the National Mineral Development Corporation (NMDC) which is planning to set up a steel plant. The Karnataka Industrial Area Development Board (KIADB) had ...
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Excerpt
NMDC sets prices of its iron ore and other minerals based on a formulaic application of its policy, and not according to prevailing market forces globally. Meaning, its prices can go northward if the global trend is toward south, and vice-versa. Currentl
Source Info
DNA India
Related Topics
http://www.dnaindia.com/money/report_nmdc-hike-defies-trend-blame-policy_1733107
NMDC hike defies trend; Blame 'policy'Daily News & AnalysisNMDC sets prices of its iron ore and other minerals based on a formulaic application of its policy, and not according to prevailing market forces globally. Meaning, its prices can go northward if the global trend is toward south, and vice-versa ...
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Deccan ChronicleNMDC Raises Iron Ore Product Prices by 8%-13% for India MarketFox Business"NMDC prices its iron ore for any quarter based on the international price trend in the previous quarter," Chief Financial Officer S. Thiagarajan told Dow Jones Newswires. The state-run company will sell its iron ore fines at 3,030 rupees a ton, and ...NMDC pricing policy flawed, say sponge iron producersHindu Business LineNMDC hikes iron ore prices by 8-13%Moneycontrol.comNMDC hikes iron ore prices by 8-13pcDeccan ChronicleBusiness Standard -Bloomberg UTVall 119 news articles »
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NMDC has made valuable and substantial contribution to the National efforts in the mineral sector during the last five decades and has been accorded the status of schedule-A Public Sector Company. In recognition to the Company's growing status and consistent excellent performance, the Company has been categorized by the Department of Public Enterprises as "NAVRATNA" Public Sector Enterprise in 2008.
Hindu Business LineRetail investors exit secondary market to enter primary offersHindu Business LineAn analysis of the daily retail transactions also suggests that sales were higher in the run-up to large IPOs such as NMDC, REC and IL&FS Transportation ...
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NMDC may double iron ore price, push inflation drive off trackEconomic TimesNational Mineral Development Corporation (NMDC) is planning between 80-90% hike in iron ore price for 2010-11 when it works out the final prices of its ore ...and more »
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Tata, NMDC to cooperate on greenfield steelworks: reportSteel Business Briefing (subscription)Tata Steel and Indian public sector miner, NMDC Ltd, are rumoured to be in talks to jointly develop the latter's greenfield integrated steelworks projects ...
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BBC NewsChina ore curb to hit Sesa Goa but help NMDCDaily News & AnalysisNMDC fell 1% to Rs 301.50. Meanwhile, exporters said trades had come to a near halt as the market digested the news, but high-grade ores were expected to ...Steel: Soaring costsBusiness Standardall 629 news articles »
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Excerpt
...area to NMDC. The iron ore miner will be building the first phase of a 2 million tonne plant at a cost of Rs 10,000 crore. However, iron ore mine linkages are not offered as yet and NMDC is not ready to begin construction till the mines are allocated....
Source Info
DNA India
Related Topics
http://www.dnaindia.com/money/report_tata-nmdc-set-to-build-steel-plants_1369101
Tata, NMDC set to build steel plantsDaily News & AnalysisMumbai: Tata Steel and NMDC, the country's largest private sector steelmaker and largest iron-ore miner, respectively, will team up to develop the latter's ...India's NMDC announces provisional iron ore price hikeSteel Business Briefing (subscription)India's $3.6 Billion Divestment BetWall Street Journal (blog)How Naxal violence hits India Inc hardIBNLive.comBusiness Day -Economic Times -Webnewswire.comall 22 news articles »
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Deadliest Maoist attack makes Mittal, Posco & NMDC see redFinancial ExpressMaoist rebels killed 76 officers in an ambush on Tuesday in Chhattisgarh, where NMDC operates its biggest iron-ore mine. ...Violence in India Not to Deter InvestorsWall Street JournalDeadliest Maoist Raid Highlights Mittal, Posco India ChallengeBusinessWeekNaxal Violence to Dent Investor Confidence: IndustryOutlookall 13 news articles »
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Heard on the Street: Insurance companies lap up NMDC stockEconomic TimesShares of NMDC, a state-owned iron ore producer, have rebounded from recent lows. There is talk that insurance companies, both private and public sector, ...and more »
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OneindiaNMDC raises base ore prices by 34-56%Business StandardState-owned NMDC, the country's largest iron ore producer, has intimated its customers about a 34-56 per cent rise in base prices, which would go up later ...India's NMDC Raises Iron Ore PriceMinerals and Metals (blog)India sets eyes on becoming 2nd largest steel maker by 2012Little About (blog)Strong start to the weekEquitymaster.comBusinessWeek -Wall Street Journal -Livemintall 67 news articles »
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The GuardianNMDC Says Iron-Ore Export Price to Gain at Least 64%BusinessWeekMarch 30 (Bloomberg) -- NMDC Ltd., Asia's third-largest iron-ore producer, expects to raise prices by more than 64 percent for ...NMDC follows global trend; to hike prices by 70%Financial ExpressIron ore price negotiations - NMDC still sees only 64pct gainSteelGuruNew pricing policy brings cheer to Indian iron ore companiesHindu Business LineSify -India Infoline.com -Financial Expressall 1,226 news articles »
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Profit-booking drags NMDC to 10-month lowEconomic TimesMUMBAI: NMDC shares fell to a 10-month low on Monday, as many investors who had subscribed to the state-owned miner's recent follow-on public offer (FPO) ...NMDC's FPO shares to list todayMoneycontrol.comNMDC trades at 4.57% discount against issue price of Rs 300Myiris.comNMDC trades below issue price of Rs 300Moneycontrol.comall 5 news articles »
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Sindh governor to inaugurate NMDCDaily TimesThe NMDC will be a top class management and leadership centre equipped with state-of-the-art training facilities and residential arrangement for the ...Pak-US strategic dialogue to result in lasting relationship'Daily Timesall 2 news articles »
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NMDC falls 13% as retail, HNIs cash outBusiness StandardWith retail and high net worth individuals (HNIs) on a selling spree, the share price of public sector mining firm NMDC, which recently came out with a ...and more »
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The HinduSensex lackluster; NMDC, HDFC, ARSS Infra most activeMyiris.comNMDC topped the value chart on the BSE with a turnover of Rs. 271.80 million. It was followed by Housing Development Finance Corporation (Rs. 242.09 ...Sensex choppy with negative bias; RIL, ONGC, SBI, HDFC dipMoneycontrol.comAfter problematic start...Bulls March aheadIndia Infoline.comSelect side counters rallyBloombergUTVMyiris.com -Myiris.comall 221 news articles »
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Sensex remains weak; NMDC loses over 5%SifyThe market continues to trade weak with investors treading cautiously due to lack of positive triggers. With the March series derivatives contracts expiring ...
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NMDC loses further groundMoneycontrol.comNMDC touched an intraday high of Rs 317.00 and an intraday low of Rs 303.80. At 09:05 hrs the share was quoting at Rs 309.80, down Rs 16.9, or 5.17% on the ...
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Raman demands 10% of NMDC earnings for Bastar developmentBusiness StandardChhattisgarh chief minister Raman Singh had demanded that the state run National Mineral Development Corporation (NMDC) should spend at least 10 per cent of ...and more »
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ReutersQ+A-What business risks do India's Maoist rebels pose?ReutersFrequent rebel strikes have hit production and shipment at firms such as India's largest miner of iron ore, NMDC Ltd's (NMDC.BO) and state-run National ...Maoists kill policeman, blast rail tracksSifyall 400 news articles »
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NMDC will give a sustained return over a period of time: Ventura Securities LtdEconomic TimesSo for these companies be it NMDC or be it a Sesa Goa, they will have accretion both in terms of revenue and profitability step by step. ...and more »
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Long term investors should hold NMDC: Seshadri Bharathan, KSEMA Fincon LtdEconomic TimesSeshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about NMDC. Talking about NMDC, go short on the stock today and deliver the ...and more »
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Buy NMDC on declines, says Sajiv Dhawan, JV Capital Services.
NMDC Share Sale Off to a Slow StartWall Street JournalMUMBAI -- The follow-on public offering of state-run iron ore miner NMDC Ltd. Wednesday got off to a slow start, receiving bids for ...NMDC share sale to raise up to $2.56 bln-sourcesReutersNMDC Forecasts as Much as 30% Increase in Key Iron-Ore PricesBusinessWeekShikhar Balwani's This Week in IndiaMarketWatchLivemint -Moneycontrol.com -Daily News & Analysisall 79 news articles »
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In an interview with CNBC-TV18, Brijesh Mehra, Country Coverage Head, RBS, spoke on National Mineral Development Corporation (NMDC) follow-on public offer (FPO).PART1
The follow-on public offer of NMDC opened for subscriptions today. Udayan Mukherjee, Managing Editor, CNBC-TV18 says, it is a good asset, but anything more than Rs 300 is a bit of a stretch. I think it is a great company. But above Rs 300, I dont think there is any margin of safety at all.
Technical Analyst, Ashwani Gujral is of the view that one can buy NMDC 15-20% lower FPO price.
Excerpt
...price. Here is a verbatim transcript of Udayan Mukherjees comments on CNBC-TV18. Also watch the accompanying video. I hope NMDC follow-on-public offer (FPO) is priced at a deep discount, we have been praying and begging for a long time. One after the other...
Source Info
Moneycontrol.com
http://www.moneycontrol.com/india/newsarticle/stocksnews.php?autono=445030
Excerpt
...price. Recent FPOs of NTPC and REC were at discounts of 5% and 8%, respectively. Atul Chaturvedi, steel secretary, said the NMDC FPO should not be seen as a financial transaction alone. “For many corporations, it’s a relationship investment,” he said. “For...
Source Info
livemint.com
http://www.livemint.com/2010/03/04234715/NMDC-may-offer-discount-to-inv.html
Excerpt
... Mr Atul Chaturvedi (left), Secretary-Steel, Government of India, with Mr Rana Som, Chairman and Managing Director, NMDC Ltd, at a press conference to announce company's follow-on public offer in Mumbai on Thursday. — Follow-on offer...
Source Info
Hindu Business Line
http://www.thehindubusinessline.com/2010/03/05/stories/2010030552621600.htm
NMDC, which is scheduled to come out with follow -on public offer on March 10, 2010 will be a key player in meeting the government's divestment target of Rs 40000 crore. Retail investors will get 5% discount on FPO subscription, Divestment secretary Sumit Bose said. PART2
NMDC has target of Rs 550-570, says Rahul Mohindar of Viratechindia.
Udayan Mukherjee, Managing Editor of CNBC-TV18 believes the upcoming NMDC issue will prove to be the governments acid test going forward. "The government may easily say that I made a mistake with NTPC and NHPC. I will treat NMDC like a real IPO and give a good discount to people in the market."
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