DBT Bureau
Pune, 4 Feb 2026
NMDC Limited,a state-owned mining major, has declared a first interim dividend of ₹2.50 per equity share for the financial year 2025–26, following a meeting of its Board of Directors held on Tuesday, February 3, 2026.
The dividend, amounting to 250% on the face value of ₹1 per share, will be paid or dispatched within the statutory timelines prescribed under the Companies Act, 2013. Eligible shareholders will be those whose names appear in the Register of Members or records of depositories as beneficial owners on the record date to be announced.
In a strategic move aligned with India’s long-term resource security goals, the Board also approved the incorporation of a Wholly-Owned Subsidiary (WOS) to focus on the acquisition, exploration, production and allied activities related to critical minerals. The proposal is subject to approvals from the Ministry of Steel, DIPAM and other relevant authorities.
The decision highlights NMDC’s clear aim to expand beyond iron ore and build a stronger role in the critical minerals space, which is now essential for clean energy, electronics and advanced manufacturing industries.
NMDC at ₹84.65 | ▲ ₹3.00 (+3.67%) today (1:30 PM IST) as the stock rallied on strong investor sentiment following the interim dividend announcement and approval to set up a wholly owned subsidiary for critical minerals.
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