Chhattisgarh plant  is a key to NMDC Steel shares
Steel

Chhattisgarh plant is a key to NMDC Steel shares

Analysts predicted that the recently listed NMDC Steel shares, which have increased by around 25% since their IPO in late February, will now follow the commissioning of their factory and the government's upcoming stake sale.

The business, which separated from the government-owned NMDC last year, is now traded separately on the stock exchanges. At Nagarnar in Chhattisgarh, it has an integrated steel plant with a 3 million tonne capacity that will be operational by the end of this month.

By 2030, India, the world's second-largest producer of steel, plans to create roughly 300 million tonne of steel annually, more than double the 120 million tonne it presently produces.

Most of the nation's steel manufacturers are increasing their production capacity using a combination of organic and inorganic routes in accordance with the government's strategy.

There will undoubtedly be businesses interested in purchasing this asset, but commissioning will be crucial. Also, this plant's capex intensity has been significant.

This plant reportedly cost NMDC between Rs 230 and Rs 200 billion.

Also read:
Cement cos' profitability may improve by up to 22% in Q4
Vedanta Aluminium pact with Dalmia cement to supply industrial wastes


Analysts predicted that the recently listed NMDC Steel shares, which have increased by around 25% since their IPO in late February, will now follow the commissioning of their factory and the government's upcoming stake sale. The business, which separated from the government-owned NMDC last year, is now traded separately on the stock exchanges. At Nagarnar in Chhattisgarh, it has an integrated steel plant with a 3 million tonne capacity that will be operational by the end of this month. By 2030, India, the world's second-largest producer of steel, plans to create roughly 300 million tonne of steel annually, more than double the 120 million tonne it presently produces. Most of the nation's steel manufacturers are increasing their production capacity using a combination of organic and inorganic routes in accordance with the government's strategy. There will undoubtedly be businesses interested in purchasing this asset, but commissioning will be crucial. Also, this plant's capex intensity has been significant. This plant reportedly cost NMDC between Rs 230 and Rs 200 billion. Also read: Cement cos' profitability may improve by up to 22% in Q4 Vedanta Aluminium pact with Dalmia cement to supply industrial wastes

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?