Key Quantitative Figures & Details
The newly incorporated subsidiary is named NMDC Global IFSC Limited.
Its Corporate Identification Number (CIN) is U66190GJ2026GOI183169.
It was incorporated on 2nd September 2026.
It is located in the International Financial Services Centre (IFSC), GIFT City, Gandhinagar, Gujarat.
The subsidiary is 100% owned by NMDC Limited.
Dates of Action
The Administrative Ministry (Ministry of Steel) conveyed the concurrence of the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, for this incorporation on 13th March 2026.
The subsidiary was formally incorporated on 2nd September 2026.
The disclosure letter was signed and dated 2nd September 2026.
Parties Involved
NMDC Limited is the parent company.
NMDC Global IFSC Limited is the newly formed wholly owned subsidiary.
Ministry of Steel is the administrative ministry that provided approval.
Department of Investment and Public Asset Management (DIPAM), Ministry of Finance provided the necessary concurrence for the incorporation.
Purpose or Rationale
The purpose, as stated, is the incorporation of a subsidiary in the IFSC at GIFT City. The specific business activities of the new subsidiary are not detailed in this disclosure.
Financial or Operational Impact
The disclosure does not quantify the financial impact, such as the capital invested in the new subsidiary. The operational impact is not specified.
Capital Structure Impact
The incorporation results in NMDC Limited establishing a new wholly owned subsidiary. There is no mention of any immediate change to NMDC's own capital structure or shareholding pattern.
Cash Flow Implications
Cash flow implications, such as the initial investment amount into the subsidiary, are not disclosed.
Forward-Looking Guidance
No forward-looking guidance or management commentary on the subsidiary's future plans is provided in this disclosure.