NMDC Steel Limited has officially responded to stock exchange queries regarding a recent ‘spurt in volume’ in its stock. The company, a Government of India enterprise, stated that this surge is not linked to any new material information beyond its declared financial results for the quarter ending June 30, 2026, which reported a profit after tax of ₹50.51 Crore. Additionally, the company highlighted a recent upgrade in its long-term rating by Crisil Ratings Limited.
NMDC Steel Addresses Stock Exchange Inquiry
NMDC Steel Limited, a prominent Government of India enterprise operating under the Ministry of Steel, has issued a clarification regarding a recent increase in its stock volume. This response addresses an email received from the National Stock Exchange of India dated 27.08.2026 concerning a ‘spurt in volume’. The company reiterated its commitment to promptly disclosing material price-sensitive information as per SEBI (LODR) Regulations, 2015.
Financial Performance and Rating Upgrade
In its official communication, NMDC Steel confirmed that its financial results for the quarter ended 30th June 2026 were declared on Friday, 14th August 2026. These results indicated a profit after tax amounting to ₹50.51 Crore, which were disclosed to the stock exchanges within the stipulated timelines. Subsequently, the company’s long-term rating for its total bank facilities was upgraded by Crisil Ratings Limited from ‘Crisil BBB+/ Stable’ to ‘Crisil A / Stable’. This information was also promptly shared with the exchanges.
No Further Price Sensitive Information
The company explicitly stated that, as of the current date, there is no other price-sensitive information or announcement to be shared with the Stock Exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015. NMDC Steel requests that this clarification be taken on record. The company is available for any further clarification or information as may be required.
Source: BSE
