Narendra Kothari appointed as Chairman-cum-Managing Director of NMDC Ltd

The Government of India has appointed Shri Narendra Kothari, CEO, SAIL as Chairman-cum-Managing Director (CMD) on the Board of NMDC Ltd. for a period of five years with effect from the date of assumption of charge of the post or till the date of his superannuation or until further orders, whichever is earlier.

In terms of the above Government Order, Shri Narendra Kothari has assumed charge of the post of CMD of NMDC Ltd. on April 21, 2014.

Consequent to the above Shri C. S. Verma ceases to be CMD and Director of the Company with effect from April 21, 2014.

Shares of NMDC LTD. was last trading in BSE at Rs.150.7 as compared to the previous close of Rs. 148.9. The total number of shares traded during the day was 124199 in over 3049 trades.

The stock hit an intraday high of Rs. 151.9 and intraday low of 149.1. The net turnover during the day was Rs. 18696008.

Source : Equity Bulls

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