NMDC Update on Kirandul Incident

On Tuesday afternoon, a tragic incident was reported at a construction site in the Kirandul Complex of NMDC wherein 4 lives were lost due to the collapse of rock formations on the hillside. An unpredictable collapse of strata from a 15 meter high and 70 meter length rock fom1ation landed on the workers on the construction site at Screening Plant III.

Though rescue operations were immediately initiated, 4 contractual workmen could not be rescued alive. Two other contractual workmen who sustained injuries during this incident are being treated at the NMDC Hospital and now out of harm's way.

In adherence to stringent commitment to safety, NMDC is conducting a thorough investigation into the incident. In the wake of this unfortunate event, the Senior Management of NMDC extended their deepest condolences and support to the bereaved families.

Shares of NMDC Limited was last trading in BSE at Rs. 225.15 as compared to the previous close of Rs. 234.95. The total number of shares traded during the day was 1266790 in over 14704 trades.

The stock hit an intraday high of Rs. 231.25 and intraday low of 221.55. The net turnover during the day was Rs. 286995093.00.

Source : Equity Bulls

Keywords

NMDC INE584A01023 Mining KirandulIncident