{"id":76104,"date":"2022-12-02T17:28:00","date_gmt":"2022-12-02T11:58:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=76104"},"modified":"2022-12-02T19:02:40","modified_gmt":"2022-12-02T13:32:40","slug":"government-plans-to-sell-stake-in-nmdc-steel-limited-check-the-details-here","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/government-plans-to-sell-stake-in-nmdc-steel-limited-check-the-details-here\/","title":{"rendered":"Government plans to sell stake in NMDC steel limited; Check the details here"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1530477620\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of NMDC Limited were trading in green till Friday afternoon at Rs 120 levels. The stock is under the radar of investors after the government made announcements regarding a stake sale of the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-248560812\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The government has invited preliminary bids for the strategic sale of NMDC&#8217;s Nagarnar Steel Plant. The last date for submitting bids is January 27, 2023, while the last date for submitting queries is December 29, 2022.&nbsp;<\/p><p>NISP is soon going to get demerged from NMDC and be a separate company- NMDC Steel Ltd (NSL). The shares of the company are set to be listed on BSE, NSE, and Calcutta Stock Exchange.&nbsp;<\/p><p>The government of India will hold a 60.79 percent stake in the newly formed company while the remaining 39.21 percent stake will be with the public.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3882023200\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Thereafter, GoI, via DIPAM, shall divest its 50.79 percent shareholding in NSL along with management control to a strategic buyer through a two-stage competitive bidding process.&nbsp;<\/p><p>NMDC Limited is a central public sector undertaking involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, coal, etc.&nbsp;<\/p><p>NMDC&#8217;s Production for November stood at 3.61MT which increased from 3.34MT YOY in Nov 2021. The Sales stood at 3.04MT for Nov&#8217;22 which also increased from 2.88MT YOY in Nov 2021.&nbsp;<\/p><p>The PSU company has a market capitalization of Rs 35,225 crore and a high dividend yield of 12.25%.&nbsp;<\/p><p><strong>Written by Anoushka Roy<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2070081376\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of NMDC Limited were trading in green till Friday afternoon at Rs 120 levels. The stock is under the radar of investors after the government made announcements regarding a stake sale of the company.&nbsp; The government has invited preliminary bids for the strategic sale of NMDC&#8217;s Nagarnar Steel Plant. The last date for [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-76104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government plans to sell stake in NMDC steel limited; Check the details here - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/government-plans-to-sell-stake-in-nmdc-steel-limited-check-the-details-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government plans to sell stake in NMDC steel limited; Check the details here\" \/>\n<meta property=\"og:description\" content=\"The shares of NMDC Limited were trading in green till Friday afternoon at Rs 120 levels. The stock is under the radar of investors after the government made announcements regarding a stake sale of the company.&nbsp; The government has invited preliminary bids for the strategic sale of NMDC&#8217;s Nagarnar Steel Plant. 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