NMDC Shares Rise After MoU with Colorado School of Mines for Advanced Mining Research

Shares of NMDC Limited gained 1.39% to ₹82.53 on Thursday after the company announced the signing of a Memorandum of Understanding (MoU) with the Colorado School of Mines, USA, to strengthen research collaboration in the mining sector.

The MoU establishes a comprehensive framework for joint research in mining engineering, mineral processing, metallurgy, and application of Artificial Intelligence and Machine Learning (AI/ML) in mining operations. The agreement also details mechanisms for project implementation, intellectual property sharing, confidentiality, dispute resolution, termination clauses, and duration of collaboration.

NMDC clarified that the MoU does not grant any special rights such as board representation, preferential share subscription, or capital structure privileges to either party. The Colorado School of Mines is neither related to NMDC’s promoters nor part of the promoter group, and the arrangement does not constitute a related party transaction.

NMDC is India’s largest iron ore producer and is also engaged in diamond mining, sponge iron production, and wind power generation.

The positive market reaction follows strong financial performance by the company. NMDC’s consolidated net profit surged 40.2% to ₹1,698.86 crore in Q2 FY26, while revenue from operations rose 29.7% to ₹6,378.11 crore, compared to the same quarter last year.