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companies name

National Mineral Development Corporation (NMDC)

 

NMDC Limited, previously known as National Mineral Development Corporation, is a state-controlled mineral producer. It is owned 72.43 percent by the government and is under the administrative control of the Ministry of Steel. 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 more than 35 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.

National Mineral Development Corporation (NMDC) News

NMDC records best-ever November performance

NMDC has achieved the highest ever for any November month since inception and sales is 2.88 MT in November 2021....

Efficient & Sustainable Mining: Ministry awards NMDC with 5 star rating

NMDC Limited has received a total of nine 5-star ratings for three year for all its operating iron ore mines at the 5th National Conclave on Mines and Minerals....

NMDC celebrates its 64th foundation day

NMDC celebrated its 64th formation day at its head office in Hyderabad and at all major projects with great vigour and enthusiasm on November 15....

NMDC shares rise after a strong Q2 and H1 financials results for FY 22

NMDC Limited has delivered a 205 percent and 196 percent increase in turnover and PBT respectively in the second quarter of FY22....

NMDC registers best ever October month performance

NMDC has registered a growth of 37 percent in production, the highest ever in any October month since inception and a rise of 42 percent in iron ore sales over the CPLY on the back of strong domestic demand....

NMDC celebrates Rashtriya Ekta Diwas with ‘Run for Unity’

NMDC organised ‘Run for Unity’ at its Head Office and all projects to celebrate Rashtriya Ekta Diwas 2021 and Azadi ka Amrit Mahotsav....

Leveraging technology for improving transparency; NMDC shows the way

NMDC officials presented papers on ‘Leveraging Technology for Improving Transparency’ during a function organised to celebrate Vigilance Awareness Week in presence of CVC's Additional Secretary Dr Praveen Kumari (IAS)....

NMDC bags Gold Award for Environmental Sustainability

NMDC has been selected for the award based on its contribution towards the implementation of sustainable development goals and environment management initiatives at its production projects....

Dilip Kumar Mohanty joins NMDC as Director (Production)

Dilip Kumar Mohanty, who was serving as Chief General Manager, has assumed charge as Director (Production) of NMDC Limited....

2 October: NMDC celebrates Gandhi Jayanti with school children

NMDC Limited celebrated Gandhi Jayanti on Saturday at its head office in Hyderabad....

Q2 FY22 results: NMDC registers best-ever Q2 and half-yearly performance

NMDC has registered a growth of 47 percent in production, the highest-ever in any September month since inception and a rise of 30 percent in sales over CPLY....

NMDC inks MoU with CSIR for developing mineral industry technology

NMDC R&D Centre and CSIR-IMMT signed an MoU to pursue joint Research and Development projects for developing indigenous technology for making the Indian mineral industry self-reliant....

Steel Minister issues direction for disposal of Iron ore fines to SAIL & NMDC

Asking the steel PSUs to prepare a roadmap with clear timelines for disposal of Iron ore fines the Minister said that all the minerals irrespective of their grades are the wealth of a Nation and this national treasure....

NMDC wins 13 PRCI Excellence Awards 2021

NMDC Ltd has emerged as the big winner at the 11th All India Corporate Collateral Awards 2021 by winning 13 Corporate Communication Excellence Awards....

Union Steel Minister reviews capital expenditure of Steel PSUs

The Union Minister of Steel Ram Chandra Prasad Singh chaired a meeting to review the progress of Capital Expenditure (CAPEX) by steel PSUs....

NMDC partners with Grace Cancer Foundation for Freedom Run 2021

Keeping in view the ongoing Fit India Movement, NMDC is supporting the Cancer Awareness Run to be held on October 10 in Hyderabad....

NMDC slashes iron ore prices by Rs 1,000 per tonne

Mining PSU NMDC has slashed the prices of lump ore and fines by Rs 1,000 per tonne and the reduced prices exclude royalty, cess, forest permit fee and other taxes....

NMDC assists NINL to start iron ore mining in Odisha

NMDC Ltd has stepped in to provide technical and financial assistance to Neelachal Ispat Nigam Limited (NINL) for the resumption of their mining operations in Odisha....

Q1 FY22: NMDC achieves best-ever Q1 performance since inception

During the Q1 of FY 2021-22, NMDC has produced 8.91 MT of iron and sold 9.45 MT, achieving a growth of 35% in production and 51% in sales over the corresponding quarter of the previous year ....

NMDC registers best ever July performance in current FY

With the production of 3.06 Million Tonnes (MT) and sale of 3.29 MT of iron ore, this has been the best July ever for NMDC Limited....

NMDC Director (Production) PK Satpathy addresses Industry Academia Meet at AKS University

NMDC’s Director (Production) PK Satpathy was the special guest at the Industry-Academia Meet conducted by the Department of Mining Engineering, AKS University, at Satna, Madhya Pradesh....

NMDC Board approves de-merger of Nagarnar Steel Plant for disinvestment

The Board of Directors of NMDC has approved the demerger of NMDC Steel Limited from the company, thereby paving the way for the de-merger of Nagarnar Steel Plant from NMDC....

Dilip Kumar Mohanty set to be next Director (Production) of NMDC

Dilip Kumar Mohanty, who is currently serving as Chief General Manager, has been recommended for the post of Director (Production) of NMDC Limited....

NMDC receives LoI for Bailadila iron ore mine in Chhattisgarh

NMDC Ltd has received a Letter of Intent (LoI) from the Mineral Resource Department, Government of Chhattisgarh, for Bailadila Iron Ore Mine ....

NMDC profit shoots up 708% at Rs 2,838 Cr in Q4FY21

Mining PSU NMDC has posted a massive rise in its Profit After Tax for the quarter ended March 31 which is almost eight-times higher at Rs 2,838 crore compared to Rs 351 crore during CPLY ....

NMDC's Director Production PK Satpathy wins 'Greentech Leading Director Award 2021'

NMDC Limited’s Director (Production) PK Satpathy has been conferred with the 'Greentech Leading Director Award 2021’ ....

Vineet Pandey (IRSEE) assumes charge as CVO of NMDC Ltd

SAIL Chief Vigilance Officer (CVO) Vineet Pandey (IRSEE) has assumed additional charge as CVO of NMDC Limited ....

ONGC, HPCL setting up 20 oxygen plants, BPCL supplying over 400 MT/month of oxygen

ONGC, HPCL have been tasked with setting up oxygen generation plants at 10 hospitals each across 7 states; BPCL is supplying over 400 MT/month of oxygen from refineries ....

NMDC declares interim dividend @ 776% for FY 2020-21

NMDC Limited has declared an interim dividend at the rate of 776 percent for the year 2020-21 during the PSU's board meeting held on March 11 ....

Women's Day: NMDC celebrates day by felicitating women achievers

On the occasion of International Women's Day, NMDC felicitated two women achievers from diverse fields namely Kinnera Murthy and Cholleti Sahajasri ....

NMDC creates new history in production & sales in Feb 2021

NMDC Limited has witnessed spectacular growth during the month of February 2021 both in production and sales performance over the CPLY ....

NMDC wins two CSR awards at World CSR Day & Congress

NMDC Limited has been recognised for CSR initiatives, commitment to local communities and sustainability at World CSR Day & Congress ....

Ambassador of Kazakhstan Yerlan Alimbayev visits NMDC

During his visit to NMDC, the Ambassador of Kazakhstan to India Yerlan Alimbayev discussed about ways to leverage NMDC’s capabilities to strengthen the Kazakh mining industry ....

NMDC delivers strongest-ever quarter performance in Q3'FY21

Govt owned mineral producer NMDC Limited’s turnover in the third quarter (Q3 of FY 2020-21) is the best ever for any quarter for NMDC since its inception ....

NMDC sets new production records in January 2021

NMDC’s iron ore sales for the month of January 2021 is 3.74 MT against the sales level of 2.96 MT in January 2020, accelerating growth of 26.4 percent ....

NMDC celebrated 72nd Republic Day with patriotic zeal

NMDC Limited celebrated the 72nd Republic Day with patriotic fervour, following strict COVID-19 protocols and maintaining social distancing ....

NMDC receives Platinum Award in metal & mining for Shiksha Sahayog Yojana

BIOM Kirandul Complex of NMDC has been conferred with the Platinum Award in the metal & mining sector by Apex India Foundation for its commitment to promote education under its CSR initiatives ....

NMDC becomes first PSU to introduce ERP solution

As per NMDC, this ERP solution will help to integrate and consolidate all the business process end-to-end and will lead to improvement in operational efficiency ....

This PSU has resumed diamond mining after green signal from forest

NMDC's forest department clearance for mining diamonds in Panna, Madhya Pradesh had been ceased on December 31, 2020 which resulted in halt of mining operations ....

NMDC collaborates with Santhigiri Ashram to promote preventive healthcare

NMDC has signed an MoU with the Santhigiri Institute of Paramedical Sciences to promote preventive healthcare through herbal sapling plantation in Telangana ....

NMDC funds 10 mobile medical units in Ballari district of Karnataka

NMDC has devoted a budget of Rs 10.26 crores for three years out of which Rs 171 Lakhs was released as the first installment ....

NMDC registers 23% growth in iron ore production in Dec 2020

NMDC's iron ore sales for the month of December 2020 is 3.62 MT against 3.04 MT in December 2019, which is 19.1 percent higher over CLPY ....

Disinvestment: Baghel asks Centre to not disinvest NMDC’s Nagarnar plant, says will buy if disinvested

The state Assembly of Chhattisgarh has passed a resolution unanimously for the state government to purchase NMDC Nagarnar Steel Plant if the Centre disinvests it ....

NMDC Ltd and MECL join hands for mineral exploration

NMDC Limited and MECL have signed an MoU to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals in various states ....

MoS Steel Faggan Singh Kulaste visits Bailadila Mines of NMDC, reviewed projects

During his visit to NMDC, Union Minister for State for Steel Faggan Singh Kulaste visited NMDC's slurry pipeline project site at Bacheli and inspected the ongoing works there  ....

Somnath Nandi assumes charge as Director (Technical) of NMDC

Prior to joining as Director (Technical) of NMDC Limited, Somnath Nandi was working as Executive Director in Steel Authority of India (SAIL) ....

Somnath Nandi gets ACC clearance as Director (Technical) of NMDC

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Somnath Nandi as Director (Technical) of NMDC Limited ....

NMDC invites job applications for Director (Production); apply before Jan 15

NMDC Limited has invited job applications for the post of Director (Production), which will fall vacant on January 1, 2021. Eligible candidates can apply for the job before January 15 ....

NMDC is looking to hire Director (Commercial); apply before Jan 15

NMDC Limited has released a job notification for the engagement of Director (Commercial); eligible candidates can apply for the job before January 15 ....

These PSUs made it to Fortune 500 list 2020 of Indian companies

Indian Oil has been ranked no 2 in the Fortune 500 list 2020 of Indian companies followed by Oil & Natural Gas Corporation (ONGC), State Bank of India (SBI), and BPCL (Bharat Petroleum) in the top ten list ....

Long pending issue of Donimalai iron ore mine in Karnataka resolved: NMDC

In November 2018, the state government of Karnataka suspended all the operations of NMDC Limited in Donimalai iron ore mine ....

NMDC’s iron ore production goes up by 13% and sales by 18% in Nov 2020

Despite restrictions and unfavourable weather conditions against the production, NMDC Limited has registered a 13% increase in iron ore production in the Month of November ....

NMDC gets ‘National HR Best Practice Award’ by NIPM

NMDC Limited has been recognised for its unique and constructive human resource (HR) practices ....

NMDC Limited bags CSR excellence awards

NMDC Limited has been conferred with two coveted awards for its excellence in unique CSR initiatives at Apex India CSR Excellence Awards - 2019 ....

NMDC celebrates foundation day abiding with COVID-19 guidelines

NMDC Limited, the largest iron ore producer in the country was incorporated on this day in 1958 and has completed 62 years of excellence ....

PSU Disinvestment: Now it's NMDC's turn to announce share buyback

Modi government is effectively tapping share buybacks by cash-rich PSUs for divestment of its stake and after KIOCL, NTPC and HPCL, now NMDC board has announced share buyback worth of more than 13.12 crore at Rs 105 per share ....

NMDC shares tank despite growth in production & sales in Q2

NMDC Limited has registered significant growth in production & sales of 13% & 14% respectively in the second quarter (Q2) over the first quarter (Q1) of the current financial year (FY 2020-21) ....

NMDC's production & sales of iron ore during October 2020 close to CPLY mark

Due to COVID-19 related challenges and heavy monsoon, NMDC Limited’s production & sales of iron ore during the month missed by a very close difference to reach October 2019 level ....

NMDC reiterates the importance to staying protected from COVID-19

NMDC advised its employees and the general public to stay protected from COVID-19 by distributing masks and sanitizers ....

NMDC is looking for Director (Personnel); apply before Dec 1

NMDC Limited has posted a job vacancy for the engagement of Director (Personnel) through PESB portal. Eligible and interested candidates can apply for the job before December 1 ....

Cabinet approves strategic disinvestment of NMDC’s Nagarnar Steel Plant

The CCEA has given its ‘in-principle’ approval to the demerger of Nagarnar Steel Plant from NMDC Ltd. and the strategic disinvestment of the demerged company ....

Centre okays transfer of Rs 11.63 cr to Jharkhand for 2 mines allotted to NMDC & JSMDC

The government approved the transfer of Rs 11.63 crore to Jharkhand as first instalment of upfront payment arising out of the allocation of two coal blocks ....

NMDC partners with Grace Cancer Foundation (GCF) for cancer awareness

NMDC Limited has partnered with Grace Cancer Foundation (GCF) by sponsoring a Mobile Cancer Screening Van to create cancer awareness ....

NMDC’s iron ore sales goes up by 10% during September 2020

NMDC Limited’s iron ore sales for the month of September 2020 is 2.11 MT, has registered a growth of 10.50 percent against 1.91 MT in the month of September 2019 ....

NMDC chief meets Chhattisgarh CM, discusses productivity plans

During the meeting, NMDC's CMD Sumit Deb also handed over a cheque of Rs 10 crores to the Chief Minister, as NMDC’s contribution to the COVID Relief Fund in the state ....

Iron ore output to fall in FY21 due to delay in mine operationalisation: NMDC CMD

NMDC CMD has said that iron ore production in FY21 is expected to decline significantly due to the delay in operationalisation of auctioned mines in Odisha ....

Despite dip in PAT in Q1, NMDC records growth in production & sales in August

During the month of August, NMDC has produced 1.62 MT iron ore against 1.41 MT in the corresponding month of the previous year ....

NMDC offers employment to NINL staff on deputation basis at its Nagarnar plant

NMDC Limited has offered to take NINL employees “on loan basis” for its iron and steel plant in Nagarnar, Chhattisgarh ....

NMDC's profit after tax (PAT) declined by 55% in Q1 FY’21

NMDC Limited has recorded a 55 percent decline in profit after tax (PAT) for the Q1 of FY’2020-21 against the same period of FY’2019-20 ....

SAIL's ED Somnath Nandi set to be next Director (Technical) of NMDC Limited

Somnath Nandi, who is currently serving as Executive Director in SAIL, has been recommended for the post of Director (Technical) of NMDC Limited ....

Sumit Deb set to be NMDC’s new Director (Personnel)

Apart from Deb, there were three other senior officers from NDMC who had applied for the job  ....