NMDC Steel Ltd Share Price – NSE  /  BSE

Steel, Small Cap

Net loss of NMDC Steel reported to Rs 131.10 crore in the quarter ended September 2023. There were no net profit/loss reported during the previous quarter ended September 2022. Sales reported to Rs 277.41 crore in the quarter ended September 2023. There were no Sales reported during the previous quarter ended September 2022.

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BPL Ltd, Radhika Jeweltech Ltd, Jindal Photo Ltd and Polo Queen Industrial and Fintech Ltd are among the other losers in the BSE's 'B' group today, 20 October 2023.

NMDC Steel Ltd tumbled 12.34% to Rs 43.81 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 47.37 lakh shares were traded on the counter so far as against the average daily volumes of 4.2 lakh shares in the past one month.

BPL Ltd crashed 8.19% to Rs 94.04. The stock was the second biggest loser in 'B' group.On the BSE, 1.56 lakh shares were traded on the counter so far as against the average daily volumes of 75581 shares in the past one month.

Radhika Jeweltech Ltd lost 7.69% to Rs 45.26. The stock was the third biggest loser in 'B' group.On the BSE, 5.84 lakh shares were traded on the counter so far as against the average daily volumes of 1.21 lakh shares in the past one month.

Jindal Photo Ltd fell 7.55% to Rs 724.6. The stock was the fourth biggest loser in 'B' group.On the BSE, 10925 shares were traded on the counter so far as against the average daily volumes of 21941 shares in the past one month.

Polo Queen Industrial and Fintech Ltd slipped 6.94% to Rs 55. The stock was the fifth biggest loser in 'B' group.On the BSE, 13558 shares were traded on the counter so far as against the average daily volumes of 20865 shares in the past one month.

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NMDC Steel will hold a meeting of the Board of Directors of the Company on 14 November 2023.

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NMDC Steel announced that Nagarnar Steel Plant has today achieved the feat of producing its final product - HR Coil - 9 days after production of Hot Metal.

The 3 million tonne per annum capacity steel plant has been built at a cost of approximately Rs. 24000 crores. The Plant is set to establish its mark in the Hot Rolled market with its repertoire of high grade Hot Rolled steel that is slated to meet the requirements of several key consuming sectors on the strength of its technology that includes its most modern Mill. Nagarnar Steel Plant's competitive advantage also stems from its iron ore supply linkage with Bailadila mines, barely 100 kms. from Nagarnar.

The product mix of Nagarnar Steel Plant consists of low carbon steel, HSLA & Dual Phase Steel and API quality steel that can be rolled in to thickness range from 1mm to 16 mm. With its capability to roll 1650mm wide HR, the Thin Slab caster at Nagarnar Steel Plant is the widest Mill in the public sector. HR Coils, Sheets and Plates coming off India's latest and most modern mill are expected to meet the growing demand for quality HR required in the manufacture of LPG cylinders, bridges, steel structures, ships, large diameter pipes, storage tanks, boilers, railway wagons and pressure vessels and in construction of tanks, railway cars, bicycle frames, engineering and military equipment and automobile and truck wheels, frames and body parts. The plant will also be producing special type of steels to be used in manufacture of generators, motors, transformers and automobiles at a later stage.

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