NMDC Steel Limited

Material Risks

AI Risk Summary

**NMDC Steel Limited – Financial Risk Summary** NMDC Steel faces critical compliance exposure under SEBI BRSR Core Expansion requirements, with a maximum 10.0/10 compliance risk score and estimated remediation costs of ₹14–51 crore, creating potential delisting or enforcement action risk for this large-cap entity. The company's undefined EPR (Extended Producer Responsibility) applicability and 6.5/10 EPR exposure represent immediate regulatory uncertainty; failure to establish producer responsibility frameworks could trigger penalties under the Plastic Waste Management Rules and similar circularity mandates. High waste intensity combined with missing Scope 1 and Scope 2 emissions data suggests incomplete environmental accounting, leaving the company exposed to carbon pricing mechanisms (₹600–900/tonne) once baseline emissions are established, plus potential greenwashing allegations under SEBI's enhanced disclosure regime. Priority actions: resolve EPR applicability status, complete emissions inventory disclosure, and implement waste management protocols to mitigate both regulatory and reputational financial risks.

Source: NMDC Steel Limited BRSR Filing, FY -. Derived from the company's own public disclosures. Not investment advice or a regulatory determination.