NMDC Steel Ltd Share Price

Summary

NMDC Steel Limited is a Govt. Company under administrative control of Ministry of Steel, Govt. of India. NMDC Steel Ltd. is a testament to Indias industrial prowess, representing a strategic initiative by the Ministry of Steel to augment nations steel production capabilities. Established to develop a greenfield Integrated Steel Plant with a capacity of 3 million tonnes per annum (MTPA) based on the BF/ BOFtechnology, the Company is located in Nagarnar-Bastar, Chhattisgarh. NMDC Steel Limited was incorporated as a subsidiary of NMDC Limited on January 2, 2015. Its strategic positioning near the high-grade iron ore reserves of NMDCs Bailadila mines ensures a steady supply of the major raw material. The plant benefits from excellent connectivity to the Visakhapatnam seaport and the capital city, Raipur, facilitating smooth logistics and distribution. The President of India currently holds a 60.79% stake in the Company as at March 31, 2024. Over the past year, NMDC Steel Limited has made steady progress in ramping up production and stabilizing operations. The 220KV GIS (Gas Insulated Switch) main receiving sub-station was started in March, 2018, followed by power supply to the Sinter Plant. The Company commissioned its first Coke Oven Battery No 1 in October, 2022 along with By Product Plants & Part of Raw Material Handling. Coke Oven Battery No 2 was put to operations from 24.04.2023. Sinter Plant was put on hot trails on 19.04.2023. Central Zero Liquid Discharge (ZLD) was made
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