Latest news with #NavratnaPSU
Time of India
19 hours ago
- Business
- Time of India
CONCOR shares in focus as Navratna PSU sets July 4 record date for 1:4 bonus issue
Shares of Container Corporation of India ( CONCOR ) will be in focus on Friday after the Navratna PSU announced a 1:4 bonus share issue and fixed July 4, 2025, as the record date to determine eligible shareholders. The bonus shares will be issued in the ratio of one fully paid-up equity share for every four shares held, subject to shareholder approval . As per SEBI guidelines , the deemed allotment date for the bonus shares is July 7, 2025, with trading expected to commence on July 8, 2025. CONCOR operates a pan-India logistics network , offering container transportation services via rail and road, along with port handling. It plays a vital role in India's supply chain infrastructure and is listed on both the BSE and NSE. Also Read: These 9 Nifty Microcap Index stocks trading below industry PE may rally up to 42% CONCOR share price target According to Trendlyne, the average target price for CONCOR is Rs 764, indicating a potential upside of around 5% from current levels. Of the 16 analysts tracking the stock, the consensus rating is 'Hold'. On the technical front, CONCOR's Relative Strength Index (RSI) stands at 40.3, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) is at 16.6—above the centre line but below the signal line. The stock is currently trading below its 5-day, 10-day, 20-day, 150-day, and 200-day simple moving averages (SMAs), while remaining above the 50-day and 100-day SMAs. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? CONCOR shares performance CONCOR shares closed 2.32% lower at Rs 727.90 on the BSE on Thursday. The stock has declined 7% year-to-date and is down 34% over the past 12 months. Its current market capitalisation stands at Rs 44,350 crore. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
10-06-2025
- Business
- Time of India
Sledgehammer blast mining for iron ore to precision mining with gold, NMDC eyes big critical minerals move
Hyderabad: When India's largest iron ore miner NMDC Ltd made a strategic foray into gold mining in Australia in Nov 2023, the company's managers believed they had nothing new to learn. Tired of too many ads? go ad free now After all, they had been in the mining business for the past six decades. What they didn't anticipate is their traditional blast and grab operation was of no use in gold mining and for the first time, they were forced acquire new skills - the precision of a surgeon needed for vein mining. This new skill is also giving the Navratna PSU specialised knowledge needed for deep-seated critical minerals extraction. Today, NMDC has not only mastered the art of vein mining but is also all set to rake in its first set of profits from mining this precious yellow metal through its Australian arm Legacy Iron Ore Ltd after the initial setbacks. "The last two-three months we have turned around and been cash positive. If things continue the way they are going right now, we should be in the green this year (2025-26)," Amitava Mukherjee, chairman & managing director, NMDC Ltd, told TOI in an exclusive chat recently. Mukherjee said the diversification into gold mining has been a strategic learning curve for the company with its Mt Celia gold mine in Australia, though relatively small in scale, serving as a crucial learning ground. "It was a very conscious forward point. In the last 60 years, we have done bulk mining of iron ore, which is completely different from vein-type, deep-seated mining. When we went ahead with this project, we found we had no expertise in this type of mining," Mukherjee said. Explaining the unique challenges this type of mining poses, he said the gold deposits at Mt Celia have veins as thin as one to two meters, requiring precise extraction techniques. Tired of too many ads? go ad free now This is in stark contrast to NMDC's traditional iron ore mining operations, where bulk extraction methods are employed. "In iron ore mining, you would blast from left to right throughout. But in gold mining, blasting has to be absolutely controlled. It has to be precise because all you have is just two meters. The moment you dilute it, the grade drops from 2 gm to 1 gm per tonne," Mukherjee said. "You have to spot it correctly; the size of the equipment has to be very correct. Every aspect of vein mining and deep-seated minerals mining is completely different," he added. He said the decision to start small with Mt Celia, which has reserves of around 8,000 kg (8 tonnes), was conscious. "As a matter of strategic forward thinking we started with a very small gold tenement at Mount Celia. So if we lose, we lose less money. Let's not start with a Rs 1000 crore sort of investment we thought," he explained. The Mt Celia mine currently produces gold ore with grades ranging from 1.5 to 2.1 grams per tonne, which Mukherjee described as "pretty good in gold mining." In FY25, it was able to mine around 350 kg of gold at Mt Celia and expects to produce 1,000 kg in the current financial year. Having mastered precision vein-mining, NMDC is now looking to expand its gold mining portfolio, with several tenements adjacent to Mount Celia under consideration. "We have a lot of gold tenements which are pretty good for us. However, we decided to start with Mount Celia's Blue Peter and Kangaroo Bore pits to gain experience first," Mukherjee said. Apart from Mt Celia, it also has Yilgangi, Yerilla, Patricia North and Sunrise Bore in Australia. W hile acknowledging the initial losses, he said NMDC remains confident about the long-term prospects of its gold mining operations. "I'm not really bothered about that Rs 150 crore or Rs 160 crore losses that we have made. What we've lost, we'll gain next year," Mukherjee stated, emphasising the strategic value over short-term financial results. NMDC, which acquired 50% stake in Legacy Iron Ore in 2011 and has been steadily hiking its stake, currently holds over 90% stake in the Australian company with plans to take this up to 100% over a period of time. NMDC's experience in gold mining is expected to play a crucial role in its future diversification plans, particularly in mining other strategic minerals that require similar precision mining techniques, he indicated. The company views this as a necessary evolution in its mining capabilities that will help it position itself for opportunities in various strategic critical minerals, Mukherjee said, pointing out that minerals like Lithium require the same set of expertise. Gold and lithium are among the 10 key minerals, including critical minerals, that NMDC has decided to focus on. These also include copper, coking coal, nickel, manganese, dolomite, bauxite and cobalt. "As a company we have been mandated by the board to focus on these 10 minerals, which includes our bread and butter iron ore and other critical minerals. We are very clear we are not going to do rare earth minerals," he said. This foray has also meant significant organisational changes within NMDC, including the development of new operational divisions and acquisition of specialised expertise. The company has established a dedicated team for precision mining operations, marking a departure from its traditional bulk mining focus.
Time of India
09-06-2025
- Business
- Time of India
NMDC masters vein mining, now eyes critical minerals extraction
1 2 Hyderabad: When India's largest iron ore miner NMDC Ltd made a strategic foray into gold mining in Australia in Nov 2023, the company's managers believed they had nothing new to learn. After all, they had been in the mining business for the past six decades. What they didn't anticipate is their traditional blast and grab operation was of no use in gold mining and for the first time, they were forced to acquire new skills - the precision of a surgeon needed for vein mining. This new skill is also giving the Navratna PSU specialised knowledge needed for deep-seated critical minerals extraction. Today, NMDC has not only mastered the art of vein mining but is also all set to rake in its first set of profits from mining this precious yellow metal through its Australian arm Legacy Iron Ore Ltd after the initial setbacks. "The last two-three months we have turned around and been cash positive. If things continue the way they are going right now, we should be in the green this year (2025-26)," Amitava Mukherjee, chairman & managing director, NMDC Ltd, told TOI in an exclusive chat recently. Mukherjee said the diversification into gold mining has been a strategic learning curve for the company with its Mt Celia gold mine in Australia, though relatively small in scale, serving as a crucial learning ground. "It was a very conscious forward point. In the last 60 years, we have done bulk mining of iron ore, which is completely different from vein-type, deep-seated mining. When we went ahead with this project, we found we had no expertise in this type of mining," Mukherjee said. Explaining the unique challenges this type of mining poses, he said the gold deposits at Mt Celia have veins as thin as one to two metres, requiring precise extraction techniques. This is in stark contrast to NMDC's traditional iron ore mining operations, where bulk extraction methods are employed. "In iron ore mining, you would blast from left to right throughout. But in gold mining, blasting has to be absolutely controlled. It has to be precise because all you have is just two metres. The moment you dilute it, the grade drops from 2 gm to 1 gm per tonne," Mukherjee said. "You have to spot it correctly; the size of the equipment has to be very correct. Every aspect of vein mining and deep-seated minerals mining is completely different," he added. He said the decision to start small with Mt Celia, which has reserves of around 8,000 kg (8 tonnes), was conscious. "As a matter of strategic forward thinking we started with a very small gold tenement at Mount Celia. So if we lose, we lose less money. Let's not start with a Rs 1,000 crore sort of investment we thought," he explained. The Mt Celia mine currently produces gold ore with grades ranging from 1.5 to 2.1 grams per tonne, which Mukherjee described as "pretty good in gold mining." In FY25, it was able to mine around 350 kg of gold at Mt Celia and expects to produce 1,000 kg in the current financial year. Having mastered precision vein-mining, NMDC is now looking to expand its gold mining portfolio, with several tenements adjacent to Mt Celia under consideration. "We have a lot of gold tenements which are pretty good for us. However, we decided to start with Mount Celia's Blue Peter and Kangaroo Bore pits to gain experience first," Mukherjee said. Apart from Mt Celia, it also has Yilgangi, Yerilla, Patricia North and Sunrise Bore in Australia. W hile acknowledging the initial losses, he said NMDC remains confident about the long-term prospects of its gold mining operations. "I'm not really bothered about that Rs 150 crore or Rs 160 crore losses that we have made. What we've lost, we'll gain next year," Mukherjee stated, emphasising the strategic value over short-term financial results. NMDC, which acquired 50% stake in Legacy Iron Ore in 2011 and has been steadily hiking its stake, currently holds over 90% stake in the Australian company with plans to take this up to 100% over a period of time. NMDC's experience in gold mining is expected to play a crucial role in its future diversification plans, particularly in mining other strategic minerals that require similar precision mining techniques, he indicated. The company views this as a necessary evolution in its mining capabilities that will help it position itself for opportunities in various strategic critical minerals, Mukherjee said, pointing out that minerals like Lithium require the same set of expertise. Gold and lithium are among the 10 key minerals, including critical minerals, that NMDC has decided to focus on. These also include copper, coking coal, nickel, manganese, dolomite, bauxite and cobalt. "As a company we have been mandated by the board to focus on these 10 minerals, which includes our bread and butter iron ore and other critical minerals. We are very clear we are not going to do rare earth minerals," he said. This foray has also meant significant organisational changes within NMDC, including the development of new operational divisions and acquisition of specialised expertise. The company has established a dedicated team for precision mining operations, marking a departure from its traditional bulk mining focus.
Mint
23-05-2025
- Business
- Mint
Dividend, bonus share announcement fail to lift CONCOR share price. Is it a stock to buy post Q4 results 2025?
CONCOR share price: Container Corporation of India's (CONCOR) dividend and bonus share announcement failed to lift the Navratna PSU stock on Friday, May 23, as investors focused on the state-owned company's weak performance in the January-March quarter of the financial year 2024-25. CONCOR share price opened at ₹ 718.10 on the BSE today, significantly lower than its last close of ₹ 738.40. During the trade, it extended the decline to hit the day's low of ₹ 708.45, down 4.05%. With this, the PSU stock snapped its two-day losing run. Meanwhile, in the last one year, CONCOR stock has lost 35% of its value. CONCOR, post-market hours on Thursday, announced that its consolidated net profit for Q4 FY25 came in at ₹ 287.69 crore, down 4.5% year-on-year (YoY), compared with ₹ 301.25 crore in the corresponding period last year.
Mint
19-05-2025
- Business
- Mint
BEL Q4 Results: Navratna PSU's net profit rises 18% YoY to ₹2,105 crore, final dividend declared. Check details here
BEL Q4 Results: Bharat Electronics Ltd (BEL) announced its January to March quarter results on Monday, 19 May 2025. The Navratna PSU recorded an 18 per cent rise in its fourth quarter net profits to ₹ 2,105 crore in the financial year 2024-25, compared to ₹ 1,784 crore in the same period a year ago, according to the standalone documents. The State-owned company's revenue from core operations rose nearly 7 per cent to ₹ 9,119.7 crore in the fourth quarter of the 2024-25 fiscal year, compared to ₹ 8,528,5 crore in the same period in the previous financial year. The company's total expenses rose 1.6% to ₹ 6,466.6 crore in the Janaury to March quarter of the 2024-25 fiscal, compared to ₹ 6,363.4 crore in the same period a year ago. Bharat Electronics' (BEL) board of directors, along with the company's fourth quarter results, also recommended a final dividend of ₹ 0.90 per equity share of the face value of Re 1 apiece. This means every eligible shareholder holding shares of the Navratna PSU will receive a dividend payment of ₹ 0.90 for every share they hold. However, the company has not announced a 'Record Date' for the dividend issue. 'The Board of Directors of the Company at their meeting held on 19th May, 2025, inter alia, has recommended a final dividend of ₹ 0.90/- per equity share (90%) of Re 1/- each fully paid-up for the financial year 2024-25 subject to approval by the shareholders in the next Annual General Meeting of the Company,' said the company in the BSE filing. According to the BSE data, this will be the PSU giant's second dividend of the financial year 2024-25. Interim Dividend of ₹ 1.50 on 11 Mar 2025 1.50 on 11 Mar 2025 Final Dividend of ₹ 0.80 on 14 Aug 2024 0.80 on 14 Aug 2024 Interim Dividend of ₹ 0.70 on 22 Mar 2024 0.70 on 22 Mar 2024 Interim Dividend of ₹ 0.70 on 09 Feb 2024 0.70 on 09 Feb 2024 Final Dividend of ₹ 0.60 on 17 Aug 2023 BEL shares closed 0.10 per cent lower at ₹ 363.55 after Monday's stock market session, compared to ₹ 363.90 at the previous stock market close. The company announced its fourth quarter results after market operating hours on 19 May 2025. BEL shares have given stock market investors more than 1,626 per cent returns in the last five years and 32.41 per cent returns on their investment in the last one-year period. On a year-to-date (YTD) basis, the shares were up 23.51 per cent in 2025, and have been trading with 10.18 per cent gains in the last five stock market sessions. BEL share price hit its 52-week high levels at ₹ 373.50 on Monday, 19 May 2025 ahead of its January to March quarter results, while the 52-week low level was at ₹ 230 on June 5, 2024, according to data collected from BSE.
