Industry Mining Website www.nmdc.co.in Founded 1958 | Key people Bharti S Sihag (CMD) Headquarters Hyderabad Number of employees 5,924 | |
 | ||
Type State-owned enterprise
Public (BSE: 526371, NSE: NMDC) Products Iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands Stock price NMDC (NSE) ₹ 136.70 -0.70 (-0.51%)21 Mar, 3:57 PM IST - Disclaimer Revenue 2.075 billion USD (2011–2012) Net income 1.97 billion USD (2011–2012) Subsidiaries Legacy Iron Ore Ltd., Sponge Iron India Limited Profiles | ||
The NMDC (National Mineral Development Corporation) Limited (BSE: 526371, NSE: NMDC) is a state-controlled mineral producer of the Government of India. It is owned by the Government of India and is under administrative control of the Ministry of Steel.
Contents
It is involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite etc.
It is India's largest iron ore producer and exporter producing 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.
Operating mines
NMDC Ltd. is also diversifying into other raw materials for steel industry like low silica limestone. Production of Dead Burnt magnesite and further value addition is under study through its subsidiary J K Mineral Development Corporation Limited.
NMDC Ltd. has taken over a Silica Sand mining and beneficiaton project from Uttar Pradesh State Mineral Development Corporation Ltd., The plant has been designed to produce high purity beneficiated silica sand of around 300,000 tonnes per year which is a raw material for production of float/sheet glass.
With a view to capture 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.
A memorandum of understanding has been signed between NMDC, Indian Rare Earths Limited, (IRE) and Andhra Pradesh Mineral Development Corporation to establish a joint venture for the development of Bheemunipatnam Beach Sand. The project envisages mining of beach sands, setting up of mineral separation plant for Ilmenite concentrate and a downstream value addition plant for conversion of Ilmenite into synthetic Rutile/TiO2 slag/TiO2 pigment with pig iron as by-product. National Mineral Development Corporation (NMDC) is setting up a 3 MTPA capacity greenfield Integrated Steel Plant in Nagarnar, located 16 km from Jagdalpur, with an estimated outlay of Rs 18,000 crore. The land for the plant has already been acquired as of August 2010 and, as of February 2012, 9 major packages and certain auxiliaries packages of the steel plant have already been awarded to internationally acclaimed companies at a cost of around Rs.11,000 crore.
NEWS
As per recent reports NMDC is planning to undertake overseas mining in Australia or USA.
Legacy Iron Ore(LCY) / NMDC company will acquire majority stakes in other projects in Australia, with Legacy as the vehicle to hold that interest.