Latest news with #NMDC
Mid East Info
a day ago
- Business
- Mid East Info
NMDC Energy commences fabrication at Ras Al-Khair yard, supporting industrial growth in Saudi Arabia - Middle East Business News and Information
The first steel cut marks the start of production at the advanced 400,000 sqm facility, supporting Aramco and Saudi Vision 2030 goals Dammam, Saudi Arabia: NMDC Energy, a leading provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, has started fabrication at its advanced yard in Ras Al-Khair, Saudi Arabia. The first steel cut marks the start of operations and positions the facility as a supporter of the Kingdom's industrial growth and energy ambitions. Strategically located within the Ras Al-Khair Special Economic Zone, the 400,000 square meter fabrication yard is designed to serve both offshore and onshore projects, with an annual production capacity of 40,000 tonnes. Equipped with advanced automation and digital systems, the facility delivers full-spectrum fabrication, rigging, maintenance, and modularization services for complex energy infrastructure. NMDC Energy has invested AED 200 million to create productive and safe facilities at the Ras Al-Khair yard, with the aim of reducing emissions. By embedding advanced technologies, NMDC Energy is delivering advanced solutions that align with the energy sector's needs while helping to support Aramco. Mr. Mohamed Hamad Almehairi, Chairman of NMDC Energy, said: 'The launch of fabrication activities in Ras Al-Khair represents a major step forward in our regional expansion strategy. With over 51 years of experience, NMDC Energy is proud to bring its legacy of excellence to the Kingdom, creating new opportunities for prosperity across Saudi Arabia, the UAE, and the wider region. 'This yard is more than an operational asset – it is a long-term investment in Saudi Arabia's industrial infrastructure and a key pillar of our vision to support economic diversification, local capability, and regional energy transformation. It reflects our group-wide commitment to unlocking value in priority markets and delivering scale through partnerships.' The yard is already operational – with nine offshore jackets currently in production for long-standing client Aramco – as NMDC Energy continues to deliver complex fabrication in the Kingdom, in line with national industrial and localization goals. The milestone broadens NMDC's client base across the Kingdom and supports Saudi Vision 2030 by adding strategic industrial capacity. To enable seamless execution across projects, more than 1,800 experienced employees will be mobilized from Abu Dhabi to Saudi Arabia, ensuring rigorous quality control and the smooth delivery of advanced infrastructure projects. The Ras Al-Khair yard is central to NMDC Energy's Saudi strategy and localization roadmap. Over the past five years, the company has reinvested billions of riyals into the Saudi economy and is on track to increase its In-Kingdom Total Value Add (iktva) score to 39% by 2025 and 51% by 2028. Eng. Ahmed Al Dhaheri, CEO of NMDC Energy, commented: 'The Ras Al-Khair fabrication yard reflects our long-term commitment to Saudi Arabia's localization goals and our capacity to deliver complex projects at scale. With over five decades of experience, NMDC Energy is well-positioned to support the Kingdom's industrial ambitions and deliver world-class infrastructure to clients like Aramco. This step reinforces our role in supporting the Gulf's future as a global energy and manufacturing hub.' As an anchor tenant in the Ras Al-Khair Special Economic Zone, NMDC Energy supports further trade, investment, and employment growth in Saudi Arabia. The start of fabrication marks a new phase in NMDC Energy's growth, as it expands its regional footprint and supports strategic industries across the Gulf through the delivery of advanced infrastructure. NMDC Energy plans to leverage the full capabilities of the Ras Al-Khair yard to enable joint innovations and shared prosperity across the energy and manufacturing sectors.
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Business Standard
6 days ago
- Business
- Business Standard
Looking to buy in falling market? NMDC, Godrej Agro, 2 others may gain 19%
NMDC, Godrej Agrovet, Amara Raja Energy and Concord Biotech witnessed a breakout on the daily chart in recent trading sessions; here's a likely technical outlook for these 4 stocks. Rex Cano Mumbai Listen to This Article Benchmark indices - the BSE Sensex and the Nifty were seen trading with notable losses for the second straight trading session on Friday. The NSE Nifty declined 0.6 per cent or 240 points at 24,820 levels, while the BSE Sensex shed over 700 points or 0.9 per cent at 81,500 levels in intra-day deals. Meanwhile, here are 4 stocks that recently witnessed a technical breakout on the charts, with up to .. per cent upside potential in the coming period. On the charts, NMDC, Amara Raja Energy & Mobility, Godrej Agrovet and Concord Biotech witnessed a breakout above
Mint
18-07-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 18 July 2025
Stocks to buy under ₹ 100: On a weekly expiry session on Thursday, the Indian stock market ended lower on profit-booking after a positive opening. The Nifty 50 index ended 100 points lower at 25,111, the BSE Sensex shed 375 points and closed at 82,259, whereas the Bank Nifty index finished 340 points lower at 56,828. Tata Consumers, Tata Steel, and Hindalco showcased significant strength, emerging as the top performers on the Nifty. Conversely, Tech Mahindra, Indusind Bank and Infy concluded the session as major losers. Trading volumes on the NSE cash market were slightly higher by 0.5% compared to yesterday. The broader market also experienced profit booking, mirroring the benchmark indices. The Nifty Midcap 100 fell by 0.17%, while the Nifty Smallcap 100 declined by 0.12%. Market breadth turned marginally negative, with declining stocks slightly outnumbering advancing ones on the BSE, as indicated by an advance-decline ratio of 0.99. Amongst the sectoral indices, Realty, Metal, and Consumer Durables managed to end up as major gainers, showcasing some resilience. However, the Nifty IT and Banking sectors faced steep declines, contributing to the overall market fall. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Markets are likely to remain in consolidation mode, with focus on ongoing earnings and progress in US-India trade negotiations. Key results on Friday include Reliance Industries, JSW Steel, and L&T Finance." Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "Having recently displayed a weak bounce back from near the support of the 25K mark, the chances of Nifty revisiting the said support are high in the short term. However, the upper area of 25250 is likely to be a strong overhead hurdle, and the lower area of 25000-24900 levels could be crucial support for the near term." Askeda bout the outlook of the Bank Nifty index, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, 'The Bank Nifty index continues to move within a narrow range for quite some time, once again halting near the 57,300 zone, finding resistance and having the important support near the 56,600 level, would be awaiting the important result outcome of the major frontline banking stocks like HDFC Bank and ICICI Bank, which is due in the coming sessions. The index would need to sustain the crucial support positioned near the 56,000 level, below which the overall bias would turn weak.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended three intraday stocks under ₹ 100: NMDC, Filatex India, and Balaji Telefilms. 1] NMDC: Buy at ₹ 69.56, Target ₹ 74, Stop Loss ₹ 68. 2] Filatex India: Buy at ₹ 58.40, Targets ₹ 61.20, ₹ 63, Stop Loss ₹ 56.70. 3] Balaji Telefilms: Buy at ₹ 95.50, Target ₹ 105, Stop Loss ₹ 92.
Mint
18-07-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 18 July 2025
Stocks to buy under ₹ 100: On a weekly expiry session on Thursday, the Indian stock market ended lower on profit-booking after a positive opening. The Nifty 50 index ended 100 points lower at 25,111, the BSE Sensex shed 375 points and closed at 82,259, whereas the Bank Nifty index finished 340 points lower at 56,828. Tata Consumers, Tata Steel, and Hindalco showcased significant strength, emerging as the top performers on the Nifty. Conversely, Tech Mahindra, Indusind Bank and Infy concluded the session as major losers. Trading volumes on the NSE cash market were slightly higher by 0.5% compared to yesterday. The broader market also experienced profit booking, mirroring the benchmark indices. The Nifty Midcap 100 fell by 0.17%, while the Nifty Smallcap 100 declined by 0.12%. Market breadth turned marginally negative, with declining stocks slightly outnumbering advancing ones on the BSE, as indicated by an advance-decline ratio of 0.99. Amongst the sectoral indices, Realty, Metal, and Consumer Durables managed to end up as major gainers, showcasing some resilience. However, the Nifty IT and Banking sectors faced steep declines, contributing to the overall market fall. On the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "Markets are likely to remain in consolidation mode, with focus on ongoing earnings and progress in US-India trade negotiations. Key results on Friday include Reliance Industries, JSW Steel, and L&T Finance." Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "Having recently displayed a weak bounce back from near the support of the 25K mark, the chances of Nifty revisiting the said support are high in the short term. However, the upper area of 25250 is likely to be a strong overhead hurdle, and the lower area of 25000-24900 levels could be crucial support for the near term." Askeda bout the outlook of the Bank Nifty index, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, 'The Bank Nifty index continues to move within a narrow range for quite some time, once again halting near the 57,300 zone, finding resistance and having the important support near the 56,600 level, would be awaiting the important result outcome of the major frontline banking stocks like HDFC Bank and ICICI Bank, which is due in the coming sessions. The index would need to sustain the crucial support positioned near the 56,000 level, below which the overall bias would turn weak.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended three intraday stocks under ₹ 100: NMDC, Filatex India, and Balaji Telefilms. 1] NMDC: Buy at ₹ 69.56, Target ₹ 74, Stop Loss ₹ 68. 2] Filatex India: Buy at ₹ 58.40, Targets ₹ 61.20, ₹ 63, Stop Loss ₹ 56.70. 3] Balaji Telefilms: Buy at ₹ 95.50, Target ₹ 105, Stop Loss ₹ 92. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
16-07-2025
- Business
- Hans India
PRSI & NMDC celebrate World Public Relations Day
Hyderabad Chapter of the Public Relations Society of India (PRSI), in collaboration with National Mineral Development Corporation (NMDC), celebrated World Public Relations Day today i.e., 16th July, 2025 with great enthusiasm and professional fervour on Wednesday evening at the Federation of Telangana Chambers of Commerce and Industry (FTCCI), Red Hills, Hyderabad. The event commemorated the legacy of Ivy Ledbetter Lee, regarded as the father of modern public relations and focused on the evolving role of Public Relations in diplomacy, governance, corporate communication and media. Delivering the keynote address, Lion Dr. Kiran Kumar, Honorary Consul of Bulgaria in Hyderabad for the State of Telangana, emphasized the critical role of public relations in nurturing trust and brand image in the society. "Public Relations is not just a communication tool, but a bridge that connects people, cultures, and countries," he remarked requesting PR professionals to take Initiative to spread positivity. He said that he had learnt a lot from PRSI to reach out people in his business development. He declared Rs 1 lakh for the PRSI corpus fund. Dr. S. Ramu, senior Journalist and Journalism educator, who presided over the programme, reflected on the significance of World Public Relations Day, highlighting the need of ethics, truth and transparency in PR practice in the highly polarized world. Dr. K. Yadagiri, Chairman of PRSI Hyderabad Chapter, spoke about PRSI's nationwide footprint and its professional development initiatives aimed at enriching PR knowledge and capabilities across sectors. Smt. Aparna Rajhans, Secretary of PRSI Hyderabad Chapter, appreciated the support extended by NMDC in co-hosting professional development programms, underlining the importance of such partnerships in elevating public relations as a strategic discipline. The celebration saw the presence of several distinguished PR practitioners, Office Bearers, Executive Committee Members National Council Representatives, Patrons and Advisors of the Chapter as well as PR & Journalism faculty and students from leading institutions. In a heartfelt felicitation, the Chapter honoured Dr. S. Ramu for his dedicated service and leadership as Chairman during the previous term. His contributions to building strong institutional partnerships and mentoring young professionals were warmly acknowledged by the fraternity.
