Announced Wed, 15 Jul · 16:03 IST
Govt appoints Shri Vivek Nishant Nath as Director (Commercial) on the board
Management Changes View source PDF
NSLNISP · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹43.36
prior close
₹43.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8-0.0+0.6+0.5-1.2-0.5-0.5-2.7-3.8-2.9————
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AI summary
Ministry of Steel, Government of India has appointed Shri Vivek Nishant Nath as Director (Commercial) on the Board of NMDC Steel Limited. He is currently Chief General Manager at Odisha Mining Corporation Limited. The appointment is for 5 years from the date of assuming charge, or until further orders, whichever is earlier. As Functional Directors of NMDC Limited also serve on the NMDC Steel board on co-terminus basis, the role extends here automatically.
Likely market impact
Routine government director appointment to PSU subsidiary board. No material change expected for shareholders.