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National Mineral Development Corporation (NMDC), a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India is the single largest producer of iron ore in India. It owns and operates iron ore mines in Chhattisgarh and Karnataka and has its registered office at Hyderabad, Telangana.
Significant increase in volume has been observed in NMDC Steel Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. NMDC Steel Limited has...
Crisil Ratings has upgraded NMDC Steel Ltd.'s long-term rating for its Rs. 4,500 Crore bank facilities to 'Crisil A / Stable'. The rating was previously 'Crisil BBB+/ Stable'. This upgrade indicates a stronger credit assessment by the agency for the company's bank borrowings, a positive for investors.