NMDC Limited has received formal approval from the Department of Investment and Public Asset Management (DIPAM) for establishing a wholly owned subsidiary in GIFT City, Gandhinagar, Gujarat. The mining major announced this significant development through a regulatory filing dated 13th March 2026.

Regulatory Approval Process

The Administrative Ministry, Ministry of Steel, has conveyed DIPAM's concurrence and formally requested NMDC Limited to proceed with the incorporation process. This approval represents a crucial milestone in the company's expansion strategy.

Strategic Development

This development builds upon NMDC's earlier announcement dated 12th August 2025, indicating the company's sustained efforts toward establishing operations in GIFT City. The approval from DIPAM, which oversees disinvestment and public asset management policies, demonstrates government support for the initiative.

Next Steps

With the regulatory concurrence now in place, NMDC Limited has been directed to take the necessary steps for the formal incorporation of the wholly owned subsidiary. The establishment of operations in GIFT City, India's premier financial services hub, positions the company to leverage the special economic zone's benefits and strategic location.

Corporate Communication

The announcement was made through a formal communication to stock exchanges including BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited. Company Secretary and Compliance Officer Pravin Shekhar signed the regulatory filing, ensuring compliance with disclosure requirements under Regulation 30.

NMDC Limited has announced its iron ore pricing structure that will take effect from March 6, 2026, in compliance with Regulation 30 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The state-owned mining company has released updated rates for its key iron ore products as part of its regular pricing review process.

Regulatory Compliance and Communication

The pricing announcement was formally communicated to major stock exchanges including BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited. The communication was signed by Pravin Shekhar, Company Secretary & Compliance Officer, ensuring proper regulatory compliance.

New Pricing Structure

The company has established specific pricing for different grades of iron ore products with detailed technical specifications. The pricing announcement covers the company's primary iron ore offerings with differentiated rates based on product quality and size parameters.

Product Categories and Specifications

The pricing structure encompasses two main categories of iron ore products with specific technical parameters. Baila Lump, featuring 65.5% iron content and size range of 10-40 mm, has been priced at ₹4,800 per ton. Baila Fines, with 64% iron content and particle size below 10 mm, carries a price of ₹4,050 per ton.

Pricing Terms and Conditions

The announced prices are FOR (Free on Rail) prices that are exclusive of various statutory charges. These exclusions include Royalty, District Mineral Foundation (DMF), National Mineral Exploration Trust (NMEDT), Cess, Forest Permit Fee, transit fee, GST, environmental Cess and other applicable taxes.

Implementation and Accessibility

The new pricing structure became effective from March 6, 2026. The company has made this pricing information available on its official website for stakeholder reference and transparency.

Source: None/Company/INE584A01023/c9c06688-8eb0-4b71-8651-35d64314e6b8.pdf