NMDC.NS Shariah Compliance
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NMDC Ltd. Stock Analysis NMDC.NS
NMDC Ltd. engages in the provision of exploration extracting mineral properties. The company is headquartered in Hyderabad, Telangana and currently employs 5,630 full-time employees. The company went IPO on 2008-03-03. The firm owns and operates highly mechanized iron ore mines in the state of Chhattisgarh and Karnataka. The company also operates the mechanized diamond mine in India at Panna, Madhya Pradesh. The company offers a diverse range of iron ore products, each tailored to meet specific industrial requirements. The company produces rough diamonds that cater to the gem and jewelry industry. The firm's segments include Iron Ore, and Pellet, Other Minerals & Services. Its products include Baila ROM, Baila Lump, DR CLO, 10-20 mm Baila, Baila Fine, Doni Lump, Kumaraswamy Lump, Kumaraswamy Lump Ore, Doni Fines, Kumaraswamy Fine, Iron Ore Pellets, and Rough Diamonds. The company holds around 26% stake in International Coal Ventures Pvt. Ltd (ICVL). ICVL owns coking coal deposit in Mozambique. The Company, through its subsidiary, Legacy Iron Ore Limited, carries out exploration in its 21 exploration tenements in Western Australia in iron ore, gold, tungsten and base metals.
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Halal stocks refer to shares of companies that comply with Islamic finance principles, meaning they do not engage in businesses related to alcohol, gambling, pork, or interest-based financial services.