NMDC board approves demerger with NMDC Steel
2021-07-15 14:15:06 [Print]
India-based National Mineral Development Corporation (NMDC) on July 13 said that the company's board of directors at its meeting held today have approved the demerger between NMDC Limited and NMDC Steel Limited.
NMDC limited is a government company and is engaged in the exploration of wide range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.
Whereas, NMDC Steel is a wholly owned subsidiary of NMDC Limited. NMDC SteeJ currently does not have any business operations. It is authorized by its Memorandum of Association to carry on the business of, amongst others, manufacturing, prospecting, raising, operating, buying, selling, importing, exporting or otherwise dealing invarious categories of steel and iron ore.
NMDC limited is a government company and is engaged in the exploration of wide range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.
Whereas, NMDC Steel is a wholly owned subsidiary of NMDC Limited. NMDC SteeJ currently does not have any business operations. It is authorized by its Memorandum of Association to carry on the business of, amongst others, manufacturing, prospecting, raising, operating, buying, selling, importing, exporting or otherwise dealing invarious categories of steel and iron ore.
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