ICICI Direct's research report on NMDC
Incorporated in 1958, NMDC is India's largest merchant iron ore miner. • During FY21, NMDC’s iron ore 75production volume was at ~34 MT while sales volume for FY21 was at ~33 MT • NMDC is one of the lowest cost iron ore producers in the world.
Outlook
We value NMDC at Rs 175, based on SoTP valuation.
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