NMDC’s Strategic Price Revision Boosts Stock by 4.75% NMDC: An Overview NMDC, the National Mineral Development Corporation, is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under the administrative control of the Ministry of Steel. As of December 31, 2022, the Government of India held a significant 60.79% stake in the firm. The company is involved in the exploration of a range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands. However, NMDC is primarily known for being India’s single largest iron ore producer. At present, it produces about 35 million tonnes of iron ore from its three fully mechanized mines. Two of these mines are located in Chhattisgarh and one in Karnataka. The Strategic Price Revision On September 14, 2023...