NMDC presently trades at Rs 168.70, up by 2.80 points or 1.69% from its previous closing of Rs 165.90 on the BSE. The stock opened in the green at Rs 168 and has touched a high of Rs 172.90 and a low of Rs 165.60. So far, 19,636 shares were traded on the BSE.

Metal PSU stock touched a 52 week high of Rs 16150 and a 52 week low of Rs 115.20.

National Mineral Development Corporation (NMDC) has expressed its interest in setting up a steel plant in Bellary district of Karnataka if the state government allots new and rich mines. It has also requested for land, water power and coal block for setting up the plant.

The company presently has two iron ore mines in Kumaraswamy and Donimalai in Karnataka.

It is also in the process of establishing three-million-tonne greenfield plant at Nagarnar in Chhattisgarh with an investment of Rs 14,000 crore.