Deals30 Jan 2026, 01:32 pm
NMDC Clarifies Preliminary Status of Coal Reserve Exploration in Canada
AI Summary
NMDC Ltd. has clarified the status of its exploration for coal reserves in Canada, following a recent news item. The company is indeed scouting for mineral assets in various geographies, including Canada, as part of its business strategy. However, no negotiation or binding agreement has been entered into. NMDC stated that suitable disclosure as per Regulation 30 of SEBI (LODR) Regulations 2015 will be made when a firm decision is made. All required information/announcements have been duly disclosed/intimated to the Exchanges as per regulation. The company also endeavors to submit all price sensitive information/announcements promptly with the Stock Exchanges.
Key Highlights
- NMDC is scouting for mineral assets in various geographies, including Canada.
- No negotiation or binding agreement has been entered into for the coal reserve exploration in Canada.
- NMDC will make suitable disclosure as per Regulation 30 of SEBI (LODR) Regulations 2015 when a firm decision is made.
- All required information/announcements have been duly disclosed/intimated to the Exchanges as per regulation.
- NMDC endeavors to submit all price sensitive information/announcements promptly with the Stock Exchanges.