NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As of 30 September 2022, the Government of India held 60.79% stake in the firm.
LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country.
Shares of LIC gained 2.22% to Rs 650.35 and NMDC rose 0.05% to Rs 106.75 on the BSE.