NMDC Limited has informed the Exchange about General Updates
NMDC · price
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NMDC Limited has received concurrence from the Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance, communicated through the Ministry of Steel, to incorporate a Wholly Owned Subsidiary (WOS) in GIFT City, Gandhinagar, Gujarat. This is a follow-up to NMDC's earlier announcement dated 12th August 2025. GIFT City is an International Financial Services Centre (IFSC), and setting up a subsidiary there typically enables international treasury, trade finance, or overseas business operations. No financial figures, investment amount, or timeline for incorporation have been disclosed in this update.
This is a procedural milestone for NMDC's plan to establish a WOS in GIFT City, which could support future international financial or business activities. The move is structurally positive but does not have an immediate impact on earnings or share price.