You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

NMDC shines on restarted operations at Donimalai mine

Capital Market 

NMDC advanced 2.04% to Rs 122.40 after the state-run firm said that its Donimalai iron ore mine has restarted operations.

NMDC informed that after obtaining the Lease extension of Donimalai Iron Ore Mine (ML-2396) for 20 years w.e.f. 3 November 2018 from Govt. of Karnataka (GoK) and completing the associated statutory requirements, the said Donimalai Iron Ore Mine was restarted on 18 February 2021 forenoon.

The announcement was made after market hours yesterday, 18 February 2021.

NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As on 15 January 2021, the Government of India held 68.29% stake in the company.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, February 19 2021. 09:17 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU