{"id":275131,"date":"2026-09-28T14:04:28","date_gmt":"2026-09-28T08:34:28","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=275131"},"modified":"2026-09-28T14:04:28","modified_gmt":"2026-09-28T08:34:28","slug":"nmdc-share-price-pellet-plant","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nmdc-share-price-pellet-plant\/","title":{"rendered":"NMDC Switches On a Rs 5,427 Crore Slurry Pipeline and Pellet Plant, Yet the Stock Slides 2% With the Market"},"content":{"rendered":"

NMDC Rs 78.29, down 2.02% (28 Sep, 1:50 PM). 52-week range Rs 72.24 to 97.49. RSI 32.8. P\/E 9.43 vs industry 10.39. Dividend yield 4.37%.<\/em><\/p>\n

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The NMDC share price was Rs 78.29 at 1:50 PM on 28 September 2026, down 2.02 percent, even after the state-run miner commissioned its Rs 5,427 crore integrated iron ore processing, slurry pipeline and pellet project in Chhattisgarh. The project has a processing plant at Bacheli, a 135 km slurry pipeline rated at 15 MTPA and a 2 MTPA pellet plant at Nagarnar. The stock trades at a P\/E of 9.43 against an industry figure of 10.39, with an RSI of 32.8 that sits close to oversold territory. A dividend yield of 4.37 percent cushions the valuation, while iron ore prices and the pace of pellet ramp-up remain the swing factors.<\/p>\n<\/div>\n

NMDC Limited commissioned its 2 million tonne per annum pellet plant at Nagarnar in Chhattisgarh on Monday, completing a Rs 5,427 crore integrated project that links its Bacheli iron ore operations with its steel plant at Nagarnar. Chairman and Managing Director Amitava Mukherjee called it a red-letter day, and the first pellet production was watched live from the company’s headquarters because bad weather stopped the leadership from reaching the site.<\/p>\n

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The market looked past the milestone. The stock opened at Rs 80.70, touched Rs 80.90 and fell to a low of Rs 78.15 as the Sensex slid more than 1.3 percent. This article explains what the project adds and what the technicals and valuation say about the NMDC share price.<\/p>\n

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