After closure of Donimalai Iron Ore Mine for more than eight (8) months, NMDC is set to resume operations in accordance with the Hon'ble High Court of Karnataka decision.
NMDC has approached Government of Karnataka to facilitate execution of lease deed and resumption of operations at Donimalai Mine. The resumption of mining at Donimalai would avoid further loss to National and State Exchequer apart from providing the much needed iron ore to the steel industry for the development of the State.
Though, it had been a long wait for NMDC, this news has brought in lot of cheers especially to Steelmakers of Karnataka, Investors, Mining Fraternity, Customers and employees who have been eagerly waiting for this, said Shri N. Baijendra Kumar, IAS, CMD.
He also expressed his gratitude for all the co-operation extended by Ministry of Steel, Government of Karnataka, Legal Bodies and particularly all stakeholders for having faith on NMDC at all times.
Shares of NMDC LTD. was last trading in BSE at Rs.113.95 as compared to the previous close of Rs. 114.9. The total number of shares traded during the day was 99777 in over 701 trades.
The stock hit an intraday high of Rs. 116.45 and intraday low of 113.45. The net turnover during the day was Rs. 11464973.