Sell NMDC @ 116
Target : 109
Stop Loss: 122
NMDC Limited is an India-based company engaged in mining of iron ore.
The Company's segments include Iron Ore, and Other minerals &
services. It is also engaged in the production and sale of diamond,
sponge iron and wind power. Its projects under construction include
Bailadila Deposit-11/B, Kumaraswamy Iron Ore Project, 1.2 million tons
per annum (MTPA) Pellet Plant at Donimalai, 3.0 million tons per annum
(MTPA) Integrated Steel Plant in Chhattisgarh, Panthal Magnesite
Project, Screening Plant III at Kirandul Complex, Screening Plant II at
Donimalai Complex, doubling of Railway Line between Kirandul and
Jagdalpur, Steel Plant at Bellary and Rail Link between
Dalli-Rajhara-Rowghat-Jagdalpur Railway Line Project. It proposes to
diversify into other commodities, such as steel making raw materials
(coking coal, manganese ore nickel); fertilizer raw materials (rock
phosphate potash), and thermal coal. It also proposes to invest in raw
materials, such as tungsten and rare earth minerals.
Invest your money and enjoy the return.
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