NMDC Steel Limited (NSL) was listed on the Bombay Stock Exchange on Monday. NMDC Steel Limited (NSL) is a 3 MTPA integrated steel plant of NMDC at Nagarnar in Chhattisgarh.
The listing ceremony was held at BSE, Mumbai in the presence of CMD, NSL and CMD, NMDC Shri Sumit Deb, Shri Amitava Mukherjee, Director, NSL, Shri D.K. Mohanty, Director, NSL, Independent Directors of NMDC and senior officials of NMDC and NSL. Shri Manoj Kumar, Joint Secretary, DIPAM, Government of India; Shri Nayan Mehta, Chief Financial Officer, BSE Limited; Shri Amitava Chatterjee, MD & CEO, SBI Capital Markets Limited; and Shri Kamal Kant Upadhyay, MD & CEO, IDBI Capital Markets & Securities Limited witnessed the listing ceremony.
NMDC Steel Limited was incorporated as a wholly owned subsidiary of NMDC Limited on 2 January 2015 under the Companies Act, 2013 with its registered office at NMDC Iron & Steel Plant, Nagarnar (Bastar, Chhattisgarh). The now demerged NMDC Steel Limited is a central public sector undertaking with a paid up capital of Rs. 2,930 crores owned by the Government of India, under the administrative control of the Ministry of Steel. The government owns a 60.79% stake in this company.
Shri Sumit Deb, CMD, NMDC expressed his gratitude to all those involved in the company’s IPO said, “Nagarnar Steel Plant is in the final stages of commissioning and is likely to be commissioned soon. This plant will cater to the domestic steel needs and fulfill the vision of the National Steel Policy 2017 of the Government of India.
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