NMDC Steel Ltd Share Price
The share price of NMDC Steel Ltd has fluctuated over the days leading up to October 23, 2023. Here’s a brief summary of the share prices on various dates around that time:
- On October 18, 2023, the share price was INR 50.751.
- On October 19, 2023, the share price was INR 49.852.
- On October 20, 2023, it decreased to INR 43.00 in the morning and later fluctuated, closing at INR 49.9834.
Unfortunately, due to an error, I couldn’t retrieve the exact share price for October 23, 2023. However, you can check the latest share price on financial news websites such as Economic Times, Business Today, or ICICI Direct for the most accurate and updated information.
Now, to convert the share price to US dollars, you can use the exchange rate prevailing on the respective dates. Let’s say, for instance, the exchange rate is 1 INR = 0.013 USD (this is a hypothetical rate, please check the exact rate on the given date). To convert, you would multiply the share price in INR by the exchange rate:
Share Price in USD=Share Price in INR×Exchange RateShare Price in USD=Share Price in INR×Exchange Rate
For example, on October 20, 2023, with a closing price of INR 49.98:
Share Price in USD=49.98×0.013=0.65 USDShare Price in USD=49.98×0.013=0.65USD
Please replace 0.013 with the actual exchange rate on the respective date for an accurate conversion.
Now, regarding the section about the company, NMDC Steel Ltd is an Indian state-controlled mineral producer. It’s the largest iron ore producer and exporter in India, operating through a network of mines. The company also has ventures in other mineral sectors, including a steel plant. Besides its mining operations, NMDC is also involved in exploration activities for other minerals like copper, rock phosphate, lime stone, dolomite, and gypsum. They’re known for maintaining a high standard of quality and environmental safety in their operations.
For a more detailed insight into NMDC Steel Ltd, you might want to explore their annual reports, press releases, or check out their profile on financial news platforms.