From this article, Analysts valued NMDC steel plant is of 17K Cr and Book value of NMDC steel share is 56Rs.
JSW and Arcellor will race to acquire the NMDC steel plant to expand there India Business.
NMDC has spent 22k Crore in setting up the steel plant.
JSW steel CMP/Book Value is 728/257 = 2.38 times.
Tata steel CMP/Book value is 112/88 = 1.27 times
so in my opinion the market price has to be more than > 57Rs.
Disclaimer invested 2.5% of my portfolio.
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