NSE: NMDC · 7 October 2026
- NMDC Ltd. shares declined 2.12% today, settling at ₹72.80 after opening at ₹73.67. The stock traded within a narrow intraday band, hitting a high of ₹73.67 and a low of ₹72.51.
- NMDC commissioned its 2 million tonne per annum pellet plant at Nagarnar, alongside a new iron ore processing plant at Bacheli and a 135 km slurry pipeline connecting Bacheli to Nagarnar as part of a ₹5,427-crore integrated project. The infrastructure is designed to process iron ore fines and slimes into high-value pellets while reducing reliance on road and conventional rail transport. Maiden production was monitored live by the company's senior leadership from headquarters.
- Trading volume was 1.34 times the 20-day average daily volume.
Why is NMDC share price falling on 7 October 2026?
NMDC Ltd. shares declined 2.12% today, settling at ₹72.80 after opening at ₹73.67. The stock traded within a narrow intraday band, hitting a high of ₹73.67 and a low of ₹72.51.
The broader market experienced downward pressure, with the Nifty benchmark declining by 0.76%.
Company disclosures show ongoing operational developments, including the recent commissioning of a ₹5,427 crore integrated iron ore processing, slurry pipeline, and pellet plant project in Bastar, Chhattisgarh, on September 27, 2026, alongside provisional production and sales updates for September 2026. While these operational updates shape the company's long-term capacity expansion goals, today's price weakness reflects broader market headwinds and persistent selling pressure without a single confirmed direct catalyst.
1.48 crore shares traded by 7 October 2026 · 03:15 PM IST. This compares with a 20-day average daily volume of 1.10 crore shares (1.34 times). The five-day average daily volume was 1.11 crore shares. Separately, the NSE report for 6 October 2026 showed 65.39 lakh shares delivered, representing 60.54% of that day’s traded volume. The same report recorded 50,767 trades.
NMDC moved lower alongside broader market weakness, extending its recent multi-week correction towards its 52-week low. No single new catalyst from today explicitly explains the session's decline.
Latest Company Developments
NMDC commissioned its 2 million tonne per annum pellet plant at Nagarnar, alongside a new iron ore processing plant at Bacheli and a 135 km slurry pipeline connecting Bacheli to Nagarnar as part of a ₹5,427-crore integrated project. The infrastructure is designed to process iron ore fines and slimes into high-value pellets while reducing reliance on road and conventional rail transport. Maiden production was monitored live by the company's senior leadership from headquarters.
This project strengthens NMDC's downstream value chain, expands its product portfolio, and enhances logistics efficiency for its Bailadila mining operations.
The company released provisional production and sales figures for September 2026, reporting total monthly iron ore production of 4.04 million tonnes compared to 3.75 million tonnes in September 2025. Cumulative production up to September 2026 reached 27.27 million tonnes, up from 22.20 million tonnes in the corresponding period of the previous year.
Operational volume metrics offer transparency on output trends across Chhattisgarh and Karnataka mining leases.
NMDC announced a strategic roadmap to achieve Net Zero operational emissions for Scope 1 and Scope 2 by 2047 across a phased three-step timeline. The strategy focuses on energy efficiency, renewable energy integration, fleet electrification, and low-carbon logistics solutions such as slurry pipelines and rail freight expansion.
It establishes a formalized long-term environmental sustainability framework for the company's mining and logistics operations.
Cessation of Mr Ashish Chatterjee as Government Director of the company effective. August 24, 2026.
NMDC Limited has informed the Exchange that Record date for the purpose of Dividend is 05-Oct-2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 6.91% on 30 June 2026. This compares with 6.71% on 31 March 2026, a change of +0.20 percentage points.
The filing reported 44 MF/UTI holders.
Research & Brokerage Views
Upgraded stock to 'Buy' despite a first-quarter EBITDA miss, highlighting underlying operational value.
What to Watch Next
- Execution progress and commercial ramp-up of the newly commissioned Bastar pellet plant and slurry pipeline
- Upcoming operational production and sales performance metrics
- Sustained delivery volume trends against the 20-day average volume benchmark
- Sector performance trends within the Nifty Metal index
Other Dated Coverage
More NMDC news and dated analysis →
Frequently Asked Questions
What is the latest NMDC company news?
NMDC commissioned its 2 million tonne per annum pellet plant at Nagarnar, alongside a new iron ore processing plant at Bacheli and a 135 km slurry pipeline connecting Bacheli to Nagarnar as part of a ₹5,427-crore integrated project. The infrastructure is designed to process iron ore fines and slimes into high-value pellets while reducing reliance on road and conventional rail transport. Maiden production was monitored live by the company's senior leadership from headquarters.
How strong was NMDC’s trading volume?
1.48 crore shares traded, 1.34 times the 20-day average daily volume. The price and volume data are dated 7 October 2026 · 03:15 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.