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NMDC

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The NMDC (National Mineral Development Corporation) Limited is a leading mineral producer, mainly iron ore. It is India’s largest iron ore producer and exporter producing about 30 million tons. It is predominantly owned by the Government of India and is under the administrative control of the Ministry of Steel.

This research report of NMDC is compiled using over five years financial data up to the financial year 2015-16.

Description

The NMDC (National Mineral Development Corporation) Limited is a leading mineral producer, mainly iron ore. It is India’s largest iron ore producer and exporter producing about 30 million tons. It is predominantly owned by the Government of India and is under the administrative control of the Ministry of Steel.

It is involved in the exploration of iron ore,  dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite etc.

NMDC produces about 30 million tons of iron ore from 3 fully mechanised mines in Chhattisgarh and Karnataka. It also operates the only mechanised diamond mine in the country at Panna in Madhya Pradesh.

With a view to capturing the opportunities now available following the NAVARATNA recognition and its expertise in the field of mineral exploration and mining, NMDC is venturing into development of high-value minerals like gold, diamond etc., as joint ventures in some of the African countries.

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