Support and Resistance Levels
Past performance
About NMDC Ltd NMDC Ltd., a Navratna Public Sector Enterprise under India's Ministry of Steel, is the nation's largest iron ore producer, with major mining operations in Chhattisgarh and Karnataka. Established in 1958, the company has evolved into a global leader in cost-effective iron ore production. NMDC also operates India's only mechanized diamond mine in Panna, Madhya Pradesh. Alongside iron ore, NMDC explores for minerals such as copper, limestone, and tungsten and has expanded into steel production and renewable energy sectors. The company primarily supplies high-grade iron ore to the Indian steel industry via long-term contracts.
NMDC's strategic initiatives include international ventures and partnerships, such as collaborations in South Africa and Australia, to secure mineral resources globally. The company has been recognized for its excellence in mineral processing and has undertaken significant capital projects, including a 3 MTPA steel plant in Nagarnar and railway line expansions to boost mine efficiency. In 2022, NMDC underwent a demerger, transferring its steel plant business to NMDC Steel Limited, reinforcing its focus on mining and mineral production.