NMDC Limited has responded to a news item published on "https://economictimes.indiatimes.com" dated January 29, 2026, concerning the company's exploration of coal reserves in Canada to boost steel capacity. In its clarification, NMDC stated that it is actively scouting for mineral assets in various global geographies, including Canada, as part of its business strategy. However, the company emphasized that these engagements are in their preliminary stages, and no negotiations or binding agreements have been entered into yet. NMDC assured that any firm decision on such proposals will be followed by a suitable disclosure as per Regulation 30 of SEBI (LODR) Regulations, 2015. The company also indicated that fluctuations in its share price are likely due to various macro-economic and global factors and are purely market-driven. NMDC requested the exchanges to take its clarification on record.
