The Union Cabinet is likely to approve the National Critical Mineral Mission (CMM) worth Rs. 18,000 crore as per sources. The aim is to boost domestic production, reduce import dependence, and encourage offshore mining auctions. Union Minister G Kishan Reddy highlighted the collaboration between public and private sectors and underlined India’s first offshore mineral auction in 75 years. The CMM also aims to strengthen India’s position in global critical mineral markets. Additionally, India launched the auction of 48 critical mineral blocks, with 24 successfully allotted, and the fifth tranche offering of 15 blocks has been launched and receiving strong industry participation. The Minister highlighted that the mission’s importance is to attain self-sufficiency. Based on these expected upcoming initiatives Indian Mining companies can benefit from this Mission.
Listed below are the Mining Stocks to benefit from National Critical Mineral Mission worth Rs. 18,000 crore
NMDC
NMDC Limited is India’s largest iron ore producer which specializes in mining and exploration of various minerals which includes diamonds and coal. The company was established in 1958 and they operate mechanized mines in Chhattisgarh and Karnataka.
With a market capitalization of Rs. 54,289.47 Crores, the shares of NMDC Limited were trading at Rs. 61.75 per equity share, down 4.09 percent from its previous day’s close price of Rs. 64.38.
Its Revenue from operations increased by 22.54 percent from Rs. 4,014 Crores in Q2FY24 to Rs. 4,919 Crores in Q2FY25, accompanied by profits of Rs. 1,026 Crores to Rs. 1,205 Crores.
Gujarat Mineral Development Corporation (GMDC)
This company is a state-owned Indian company that was established in 1963. They specialize in lignite, bauxite, and mineral processing while generating thermal and renewable energy.
With a market capitalization of Rs. 9,931.14 Crores, the shares of GMDC Limited were trading at Rs. 2.62 per equity share, down 2.62 percent from its previous day’s close price of Rs. 320.70.
Its Revenue from operations increased by 54.83 percent from Rs. 383 Crores in Q2FY24 to Rs. 593 Crores in Q2FY25, accompanied by a profit of Rs. 75 Crores to Rs. 128 Crores.
Vedanta
Vedanta Limited is a leading Indian multinational in natural resources while focusing on mining and processing metals like zinc, lead, and copper, along with oil and gas operations across multiple countries.
With a market capitalization of Rs. 1,63,160.94 Crores, the shares of Vedanta Limited were trading at Rs. 417.25 per equity share, down 5.15 percent from its previous day’s close price of Rs. 439.90.
Its Revenue from operations declined by 3.36 percent from Rs. 38,945 Crores in Q2FY24 to Rs. 37,634 Crores in Q2FY25, accompanied by a loss of Rs. 915 Crores to a profit of Rs. 5,603 Crores.
Hindustan Zinc
Hindustan Zinc Limited is India’s largest and the world’s second-largest integrated zinc producer. The company is a subsidiary of Vedanta Limited and specializes in mining, smelting, and producing zinc, silver, and lead.
With a market capitalization of Rs. 1,84,646.44 Crores, the shares of Hindustan Zinc Limited were trading at Rs. 437 per equity share, down 2.02 percent from its previous day’s close price of Rs. 446.
Its Revenue from operations increased by 17.83 percent from Rs. 7,310 Crores in Q3FY24 to Rs. 8,614 Crores in Q3FY25, accompanied by a profit of Rs. 2,028 Crores to Rs. 2,678 Crores.
National Aluminium Company
National Aluminium Company Limited (NALCO) was established in 1981. They are one of the Indian public sector enterprises engaged in bauxite mining, aluminum smelting, alumina refining, and power generation.
With a market capitalization of Rs. 34,828.05 Crores, the shares of National Aluminium Company Limited were trading at Rs. 189.63 per equity share, down 4.17 percent from its previous day’s close price of Rs. 197.89.
Its Revenue from operations increased by 31.48 percent from Rs. 3,043 Crores in Q2FY24 to Rs. 4,001 Crores in Q2FY25, accompanied by a profit of Rs. 187 Crores to Rs. 1,046 Crores.
Written by Santhosh S
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