NMDC PLANS TO ACQUIRE CRITICAL MINERAL BLOCKS OVERSEAS

State-owned iron ore producer

is planning to acquire critical mineral blocks overseas to boost its global presence in the clean energy sector. This move is part of India's National Critical Mineral Mission (NCMM) which wants to ensure the long-term availability of critical minerals like antimony, lithium, cobalt, and copper. These minerals are essential for clean energy technologies like solar panels, wind turbines, EVs, and energy storage systems. has been actively evaluating acquisition opportunities across 10 strategic mineral assets globally and exploring critical mineral block acquisitions in Africa, Australia & South America to strengthen its presence in the global critical mineral value chain. For this purpose, the company has inaugrated it's new office in Dubai. The company has seen a consistent sales growth of 12% and profit growth of 13% in FY25. The stock is trading with a low P/E of 9.29 and high ROCE & ROE of 29.6% & 23.6% respectively suggesting a strong fundamental position for long term.