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Diversifying Downstream

NMDC is looking to ramp up its production. Find out if you should invest in the company now…

As part of our Wealth Creator Series , today we look at Asian Paints. This is one of the 39 stocks that were short-listed that passed through our stringent stock screen filters.

NMDC aims to ramp up its production capacity to 40 million tonnes by FY14-15 through increased exploration of its existing mines and development of new ones. It also intends to diversify its operations by moving downstream through establishing steel and pellet plants. Strong balance sheet, presence in sellers market (iron ore), low cost production, high-grade mines, long mine life and compelling valuations are many plusses.

To read about how we arrived at the list click here. To read about stocks from the Wealth Creator List, click here.