New Delhi, January 30, 2026:
Maharatna PSU NMDC Limited has issued a clarification to stock exchanges regarding a recent media report titled “NMDC exploring coal reserves in Canada to boost steel capacity”. The clarification follows a rumour verification query from BSE under Regulation 30 of SEBI (LODR) Regulations, 2015.
In its filing, NMDC stated that the company is scouting mineral assets across various geographies, including Canada, as part of its long-term business strategy. However, it categorically clarified that all such engagements are at a preliminary stage and no negotiations or binding agreements have been entered into so far. The company also reiterated that its overseas scouting activities are in line with its broader objective of ensuring long-term raw material security.
What NMDC Said
NMDC emphasized that any decision related to overseas asset acquisition or investment will be disclosed to stock exchanges at the appropriate stage, in full compliance with SEBI disclosure norms. The company added that all price-sensitive information has already been duly disclosed, as required under Regulation 30. It further assured stakeholders that disclosures will be made promptly once any proposal reaches a definitive stage.
The PSU further noted that recent fluctuations in NMDC’s share price are driven by broader macro-economic and global factors and are purely market-driven, not linked to any undisclosed corporate development. NMDC also clarified that there is currently no information that warrants additional disclosure beyond what has already been shared with the exchanges.
Investor Takeaway
The clarification removes speculation around immediate overseas coal acquisitions and reassures investors that no material development has occurred yet. While overseas asset scouting aligns with NMDC’s long-term diversification strategy, investors may now await concrete announcements before factoring this news into valuations. In the near term, market participants are expected to focus on NMDC’s core iron ore operations, domestic expansion plans, and overall demand outlook for the steel sector.
About NMDC Limited:
NMDC Limited is a Maharatna PSU and India’s largest iron ore producer, playing a critical role in the country’s steel and infrastructure value chain. The company operates multiple high-capacity mines and is focused on capacity expansion, value addition, and global mineral asset diversification.