NMDC : Cash Rich, Debt Free Company

•  National Mineral Development Corporation
• India's largest Iron ore miner
• 8th Largest Iron ore miner in the world.
• Reserves of 1361 million tones of Iron ore.
• Produced 27.18 mt of iron ore in FY 2013
• Targets to produce 48mt of Iron ore in FY 2015
• Since iron ore prices are falling, stock price is languishing.
• Setting up a 3 metric tones per annum (MTPA) Steel plant in Chattisgargh @ a cost of Rs.15525 Cr.
• Cash Rich, debt free company.
• Has Rs.20200 Cr cash as on 31st March 2013 - which is 51.8% of current market value @ Rs.98 per sh.
• Dividend yield works out to 7.1%.