The Ministry of Steel has appointed Amitava Mukherjee as the chairperson and managing director of NMDC Ltd. with effect from Thursday, according to a disclosure to the stock exchanges.
Mukherjee is a cost accountant and a senior officer from the 1996 batch of the Indian Railway Accounts Services. He is credited with steering NMDC to its highest-ever turnover and net worth in company history, adopting cutting-edge digital and technical infrastructure, and resuming operations at the only mechanised diamond mine in the country, the release stated.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The iron ore production of the company rose 18% year-on-year to 4.62 million tonnes in February, while sales declined marginally during the same period to 3.98 MT.
NMDC's net profit surged 27% to Rs 1,882 crore in the December quarter, while revenue rose 21% to Rs 6,567.8 crore.
Shares of NMDC ended 2.23% higher at Rs 66.90 apiece on the National Stock Exchange, compared to a 0.93% advance in the benchmark Nifty. The stock has fallen 16.7% in the last 12 months.
Out of the 23 analysts tracking the company, 13 have a 'buy' rating on the stock, four recommend 'hold' and six suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 9.3%.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.