National Mineral Development Corporation
Indian public sector mining company From Wikipedia, the free encyclopedia
NMDC Limited, formerly National Mineral Development Corporation, is an Indian public sector undertaking involved in the exploration of iron ore, rock, gypsum, magnesite, diamond, tin, tungsten, graphite, coal etc. It is India's largest iron ore producer and exporter, producing more than 45 million tonnes of iron ore from three mechanized mines in Chhattisgarh and Karnataka. It also operates the only mechanized diamond mine in the country at Panna in Madhya Pradesh.[4]
| |
| Formerly | National Mineral Development Corporation |
|---|---|
| Company type | Public |
| Industry | Mining |
| Founded | 1958 |
| Headquarters | Hyderabad, Telangana |
Key people | Amitava Mukherjee, Chairman-Cum-Managing Director |
| Products | Iron ore, copper,diamond, graphite, coal and beach sands |
| Revenue | ₹15,721 crore (US$1.8 billion) (2021) [1] |
| ₹8,895 crore (US$1.0 billion) (2021)[1] | |
| ₹6,247 crore (US$730 million) (2021)[1] | |
| Total assets | ₹36,929 crore (US$4.3 billion) (2021)[1] |
| Total equity | ₹29,884 crore (US$3.5 billion) (2021)[1] |
| Owner | Government of India (60.79%)[2] |
Number of employees | 5,887 (March 2019) [3] |
| Website | www.nmdc.co.in |
Operating mines
Summarize
Perspective
- Bailadila Iron Ore Mine, Kirandul Complex, South Bastar district, Dantewada (C.G.)Steel[5]
- Bailadila Iron Ore Mine, Bacheli Complex, South Bastar district, Dantewada (C.G.)
- Donimalai Iron Ore Mine, Donimalai, Bellary district, Karnataka (at December 2019 suspended for over a year due to a royalty dispute)[6]
- Diamond Mining Project, Majhgawan, Panna (M.P.)[5]
NMDC Ltd. is diversified into other raw materials for the steel industry such as 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 beneficiation project from Uttar Pradesh State Mineral Development Corporation Ltd. The plant is designed to produce beneficiated high purity silica sand to a capacity of 300,000 tonnes per year as the raw material for production of float/sheet glass.
A memorandum of understanding has been signed between NMDC, Indian Rare Earths Limited, (IREL) 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.
Geographical Footprints
| Business Units | Products | Locations |
|---|---|---|
| Panna Diamond Mine | Diamond | Madhya Pradesh, India |
| Steel SPV and Mining JV | Special Purpose Vehicle | Jharkhand, India |
| Coal Mines (Rohne & Tokisud) | coal | Jharkhand, India |
| Nagarnar Steel Plant | Steel | Chhattisgarh, India |
| Bacheli Mining Complex | Iron | Chhattisgarh, India |
| Kirandul Mining Complex | Iron | Chhattisgarh, India |
| Sponge Iron Unit, Paloncha | Sponge Iron | Telangana India |
| Donimalai Mining Complex | Iron | Karnataka, India |
| Donimalai Pellet Plant | Iron Ore Pellets | Karnataka, India |
| Steel SPV | Special Purpose Vehicle | Karnataka, India |
| Legacy Iron Ore Limited | Iron | Perth, Australia |
| International Coal Ventures Pvt Ltd. (ICVL) | Coal | Mozambique |
NMDC Steel Limited
NMDC set up a 3 MTPA capacity greenfield Nagarnar Steel Plant based on HiSmelt technology, 16 km from Jagdalpur in Chhattisgarh state, with an estimated outlay of Rs 20000 crore.[7][5]
A pure-play miner, NMDC had in 2009–10 conceived the Nagarnar steel plant with the intention of moving up the value chain and diversifying its portfolio. The idea was also to hedge itself against the vagaries of iron ore prices.[8][9]
The plant site is around 16 km from Jagdalpur and 6 km from the Odisha–Chattishgarh border. The nearest railway station is Amaguda (around 2 km). The site is located on National Highway NH 30. The nearby airports are Jagdalpur, Raipur & Vishakhapatnam and the nearest seaport is Visakhapatnam located at a distance of approx 325 km. The nearest river is Indravati, located at a distance of 3 km.[10]
In 2023 NMDC Steel became a publicly traded company on the Bombay Stock Exchange and National Stock Exchange of India, after a demerger from NMDC in 2022.[11][12]
Listings and shareholding
The equity shares of NMDC are listed on the Bombay Stock Exchange and the National Stock Exchange of India.
As of February 2020, the Government of India held a 69.65% equity in NMDC.[13] 225,339 individual shareholders hold approximately 3.79% of its shares. The balance is held by insurance companies (14.31%), foreign institutional investors (5.78%), mutual funds (4.42%), and banks (1.96%). Life Insurance Corporation of India is the largest non-promoter shareholder in the company with a 13.699% shareholding.[14]
International
In Australia, Legacy Iron Ore, a majority-owned NMDC company, holds majority stakes in gold and iron ore projects in Western Australia.[15] In 2023, NMDC started exploring for Lithium reserves in the company's, majority owned, Mount Bevan mine in Australia.[16]
NMDC Limited was awarded the Corporate Social Responsibility Award Global Metals Award 2018 in the Corporate Social Responsibility category in London, the first time since inception that an Indian company received the award.[17]
Awards and recognition
- NMDC wins SCOPE Eminence Award 2019-20 for CSR Excellence, honoured by Hon’ble Vice President of India – Shri Jagdeep Dhankar
- NMDC clinched the “Most Sustainable & Innovative Manufacturing Practices” award at World HRD Congress & Awards 2024
- Shri Amitava Mukherjee, CMD (Addl. Charge) has been bestowed with the “CEO of the year Award” at the Business Leader of Year 2024 in Mumbai
- Shri Amitava Mukherjee, CMD (Addl. Charge) NMDC, honoured with the coveted “CEO With HR Orientation” accolade at the distinguished World Manufacturing Award 2024.[18]
- NMDC's social commitment celebrated with the accolade of “Best PSU for CSR in Mining and Minerals” at the Global CSR Excellence and Leadership Awards on World CSR Day 2024.
- NMDC CMD & Director (Finance), Shri Amitava Mukherjee presented with the “CFO of the Year” Award at the second edition of ASSOCHAM's Vibrant Bharat CFO Summit & Awards today in New Delhi[19]
- NMDC Women Leader shines. Smt. P Shanthi GM (Commercial) presented with the HYBIZ Women's Leader Award 2024 & Smt. G Anupama GM (Finance & SoT CMD) presented with the HYBOZ Women's Leader Award 2024
- Won 5 awards at Governance NOW 10th PSU Awards[20]
- NMDC honoured with the prestigious “Sustainable Champion Award 2024” for their envt. Friendly and innovative initiatives at Sustainability Summit and Awards 2024.
- NMDC's BIOM, Bacheli Complex won “Strong Commitment to HR Excellence Award” at the 14th CII National HR Excellence Awards (2023-24)
- ASSOCHAM Awards for – Mining Excellence – ESG and Sustainability of the Year’ and Excellence in Mining Innovation and Mineral Development
- First prize for CSR Journal Excellence Awards (Women Empowerment and Child Welfare)[21]
See also
NMDC Lakdi-ka-pul, a co-branded metro station of Hyderabad Metro
References
External links
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