NMDC in a filing to the BSE toady announced incorporation of the joint venture firm 'NMDC-SAIL Ltd'.
"The company has incorporated a subsidiary company by the name 'NMDC-SAIL Limited' on May 23, 2016 in order to develop, explore, etc. Sale/supply of iron ore from the allocated mining resource in the State of Chhattisgarh," it said.
NMDC has a majority shareholding of 51 per cent in the subsidiary company, while SAIL has the remaining 49 per cent shareholding. PTI SID
NMDC Ltd has informed BSE that the Company has incorporated a subsidiary company by the name "NMDC-SAIL Limited" on May 23, 2016 in order to develop, explore, etc. Sale / supply of iron ore from the allocated mining resource in the State of Chhattisgarh.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%