The Union Cabinet’s approval of the National Critical Mineral Mission (NCMM) is expected to significantly impact the mining sector. The mission aims to strengthen India’s critical mineral supply chain and enhance its competitiveness in the global market.
The NCMM will focus on the entire mineral value chain, from exploration to processing. It seeks to secure a steady supply of critical minerals and promote sustainable practices. This move will benefit both domestic miners and international partnerships.
By strengthening the technological, financial, and regulatory infrastructure, the NCMM will foster innovation and skill development in the mining industry. As a result, key stocks in this sector are likely to experience increased attention from investors.
Gujarat Mineral Development Corporation
On February 1, 2025, Gujarat Mineral Development Corporation Ltd opened at ₹322.15, down 0.51% from its previous close of ₹322.15. The stock reached a high of ₹336.60 and a low of ₹317.15. By 4:00 PM, it traded at ₹320.50, a 0.51% decrease, with a market cap of ₹10,191.90 crore.
Gujarat Mineral Development Corporation (NSE: GMDCLTD) focuses on mining and exploration, producing essential minerals like lignite, bauxite, and limestone. It operates across multiple mining sites and aims to expand its production and operations in India.
Hindustan Copper
On February 1, 2025, Hindustan Copper Ltd opened at ₹246.35, up 3.55% from its previous close of ₹237.90. The stock reached a high of ₹246.35 and a low of ₹218.85. By 4:00 PM, it traded at ₹237.65, a 0.11% decrease, with a market cap of ₹22,981.33 crore.
Hindustan Copper (NSE: HINDCOPPER) is a public sector undertaking engaged in mining, beneficiation, smelting, and refining of copper. The company operates several mines and production units, contributing significantly to India’s copper industry.
NMDC
On February 1, 2025, NMDC Ltd opened at ₹65.99, down 0.17% from its previous close of ₹66.10. The stock reached a high of ₹66.70 and a low of ₹64.09. By 4:00 PM, it traded at ₹64.38, a 2.60% decrease, with a market cap of ₹56,601.72 crore.
NMDC (NSE: NMDC) is a state-owned mining company that primarily deals with the exploration and extraction of iron ore. With extensive operations, the company plays a crucial role in meeting India’s demand for iron ore.
Orissa Minerals Development Company (OMDC)
On February 1, 2025, Orissa Minerals Development Company Ltd opened at ₹6,280.00, down 0.11% from its previous close of ₹6,247.80. The stock reached a high of ₹6,412.40 and a low of ₹6,134.55. By 4:00 PM, it traded at ₹6,163.35, a 1.35% decrease, with a market cap of ₹3,698.01 crore.
Orissa Minerals Development (NSE: OMDC) Company specializes in mining iron ore and manganese. It focuses on enhancing its mining capacity and contributing to India’s mineral industry, particularly in steel production.
Hindustan Zinc
On February 1, 2025, Hindustan Zinc Ltd opened at ₹454.80, up 1.09% from its previous close of ₹449.90. The stock reached a high of ₹457.50 and a low of ₹442.65. By 4:00 PM, it traded at ₹445.80, a 0.91% decrease, with a market cap of ₹1,88,364.72 crore.
Hindustan Zinc (NSE: HINDZINC) is a leading producer of zinc, lead, and silver in India. It operates mines in Rajasthan, focusing on non-ferrous metals and contributes significantly to the global zinc supply chain.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
