NMDC Limited has successfully incorporated its wholly-owned subsidiary, NMDC Global IFSC Limited, in the International Financial Services Centre (IFSC) at GIFT City, Gandhinagar, Gujarat. This strategic move, announced on September 2, 2026, follows the concurrence from the Ministry of Steel and DIPAM. The incorporation signifies NMDC’s commitment to expanding its operations within the financial services sector in a key international hub.
NMDC Establishes New Subsidiary in GIFT City
NMDC Limited has announced the incorporation of a new entity, NMDC Global IFSC Limited, within the prestigious International Financial Services Centre (IFSC) located in GIFT City, Gujarat. This significant corporate development, officially dated September 2, 2026, marks a strategic expansion for the public sector undertaking into a globally recognized financial hub.
Strategic Expansion and Approvals
The establishment of this wholly-owned subsidiary was initiated with the concurrence of the Ministry of Steel and the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance. This aligns with the company’s broader strategy to enhance its presence and operations in key financial centers. The incorporation of NMDC Global IFSC Limited, with CIN U66190GJ2026GOI183169, is a crucial step in NMDC’s diversification and growth plans.
Source: BSE
