Formerly | National Mineral Development Corporation |
---|---|
Company type | Public |
Industry | Mining |
Founded | 1958 |
Headquarters | Hyderabad, Telangana |
Key people | Shri Amitava Mukherjee, Chairman-Cum-Managing Director |
Products | Iron ore, copper,diamond, graphite, coal and beach sands |
Revenue | ₹15,721 crore (US$1.9 billion) (2021) [1] |
₹8,895 crore (US$1.1 billion) (2021) [1] | |
₹6,247 crore (US$750 million) (2021) [1] | |
Total assets | ₹36,929 crore (US$4.4 billion) (2021) [1] |
Total equity | ₹29,884 crore (US$3.6 billion) (2021) [1] |
Owner | Government of India (60.79%) [2] |
Number of employees | 5,887 (March 2019) [3] |
Website | www.nmdc.co.in |
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]
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.
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 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]
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]
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]
NMDC Lakdi-ka-pul, a co-branded metro station of Hyderabad Metro
Steel Authority of India Limited (SAIL) is an Indian public sector steel manufacturing corporation based in New Delhi. It is the largest government-owned steel producer, with an annual production of 18.29 million metric tons. Incorporated on 24 January 1973, SAIL has 54,431 employees and is under the administrative control of the Ministry of Steel.
Bastar is a district in the state of Chhattisgarh in Central India. Jagdalpur is the district headquarters. Bastar is bounded on the northwest by Narayanpur District, on the north by Kondagaon district, on the east by Nabarangpur and Koraput Districts of Odisha State, on the south and southwest by Dantewada and Sukma. The district possesses a unique blend of tribal and Odia culture.
Jagdalpur is a city located in the southern part of Chhattisgarh state in India. It is the administrative headquarters of the Bastar district and Bastar division. Before the independence of India, it also served as the capital of the erstwhile princely state of Bastar. It is the fourth largest city of Chhattisgarh. A city known For its Distinct art and culture, the Tourism capital of Chhattisgarh and one of the Fastest Growing City of State.It is also known as ' Mumbai Of Chhattisgarh ' for its diverse demographics and second biggest financial hub in the state after Raipur.
The mining industry in India is a major economic activity which contributes significantly to the economy of India. The gross domestic product (GDP) contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector, it contributes around 10% to 11%. Even mining done on small scale contributes 6% to the entire cost of mineral production. Indian mining industry provides job opportunities to around 700,000 individuals.
Bade Bacheli is a town and a Nagar Palika in Dantewada district in the state of Chhattisgarh, India. It is now very well known as NMDC Township with nature all around to explore and witness. It is situated roughly 400 km from Raipur, capital of Chhattisgarh. The way to travel is by Road with frequent bus service from Raipur, Bhilai, Jagdalpur, and Hyderabad, Visakhapatnam or by train from Jagdalpur and Vishakhapatnam.
Kirandul is a town and a municipality in Dantewada district in the Indian state of Chhattisgarh. It is located roughly 400 km south of Raipur, capital of Chhattisgarh and 41 km southwest of Dantewada-the district headquarters. The way to travel is by road with frequent bus service from Raipur, Bhilai and Jagdalpur or by train from Jagdalpur and Visakhapatnam.It has the world's largest iron ore mine according to 2021 survey
VISA Steel Limited is a mineral and metals company situated in the Kalinganagar industrial complex of Jajpur Odisha, India with a 1.5 million ton integrated special and stainless steel manufacturing plant. VISA Steel has its registered office in Bhubaneswar, corporate office in Kolkata and branch offices across India. A listed company, VISA Steel's shares are traded on the BSE and NSE.
KIOCL Limited, formerly Kudremukh Iron Ore Company Limited, is a central public sector undertaking under the ownership of the Ministry of Steel, Government of India, with its head office and administrative activities in Bangalore. It has a pelletisation plant in Mangalore and an iron ore mine in Kudremukh. The Kudremukh mine, one of the largest iron ore mines in the world, was closed in 2006.
The total cultivable area in India was reported as 155,369,076 hectares as of 2020, and is shrinking due to over-farming, increased livestock grazing, deforestation, urban growth, and severe weather events. India has a total water surface area of 314,070 km2.
Narsapura or Narasingapur is a village, a Gram panchayat in Sandur taluk, Bellary district in the Indian state of Karnataka. It is believed that Ramanamalai and Desai families lived here first. Narsapura was ruled by the Sandur king. A number of iron ore mines surround it. National Mineral Development Corporation(NMDC), is one such Indian public sector undertaking that acquired land from the village farmers to begin Donimalai township in 1969. NMDC allies with Metals and Minerals Trading Corporation of India to transport iron from Ranajithpura railway station.
IREL (India) Limited is an Indian Public Sector Undertaking based in Mumbai, Maharashtra. It specializes in mining and refining rare earth metals.
Mining scams in India refers to a series of alleged widespread scams in various ore-rich states of India, which has generated controversy. Such issues span encroachment of forest areas, underpayment of government royalties, and conflict with tribals regarding land rights. The spill-over of the effects of legal mining into issues such as Naxalism and the distortion of the Indian political system by mixed politics and mining interests, has gained international attention.
NTPC Limited, formerly known as National Thermal Power Corporation, is an Indian central Public Sector Undertaking (PSU) under the ownership of the Ministry of Power and the Government of India, who is engaged in the generation of electricity and other activities. The headquarters of the PSU are situated at New Delhi. NTPC's core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants.
The proposed Dalli Rajhara–Jagdalpur rail line, on paper for almost three decades, once completed, would connect Dalli Rajhara to Jagdalpur, both towns being in Chhattisgarh state in India. It would also connect Raipur, the capital city of Chhattisgarh, to Jagdalpur by rail via Durg. Jagdalpur, which is about 300 km from Raipur, is currently meaningfully connected to it only by road. There is though a roundabout rail route to reach Raipur from Jagdalpur via Koraput and Rayagada in Orissa; it is much longer and takes much longer time to be of any utility. In view of this, almost all the transport, in relation to both people and goods, between Raipur and Jagdalpur, happens only by road.
NMDC Steel Limited was formed under Government of India under Ministry of Steel with the help of NMDC's resources for setting up a 3 MTPA capacity greenfield Integrated Steel Plant based on Hi-Smelt technology in Nagarnar, located 16 km from Jagdalpur in Chhattisgarh state with an estimated outlay of Rs. 25500 crore. 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. This is the only new large-scale steel plant currently fully ready to start production India, with little likelihood of a new plant of similar size plant coming up in the next few years. Tata Steel and JSW Steel are expanding capacity at their existing mills.
The Tatanagar–Bilaspur section is part of the Howrah–Nagpur–Mumbai line and connects Tatanagar in the Indian state of Jharkhand and Bilaspur in Chhattisgarh. Part of one of the major trunk lines in the country, it passes through an industrial-mining area and handles high volumes of freight, particularly coal and iron ore.
Kothavalasa–Kirandul line belongs to Waltair railway division of East Coast Railway zone. It was under South Eastern Railway zone until 2003. It passes through three states; Andhra Pradesh, Odisha and Chhattisgarh.
Bailadila Range, is a mountain range rising in the Deccan Plateau about 200 km west of the Eastern Ghats. It has been named 'Bailadila' because it resembles the hump of an ox. It is located near Kirandul town in the Dantewada district of southern Chhattisgarh, India.
The Iron and Steel industry in India is among the most important industries within the country. India surpassed Japan as the second largest steel producer in January 2019. As per worldsteel, India's crude steel production in 2018 was at 106.5 million tonnes (MT), 4.9% increase from 101.5 MT in 2017, which means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017.
Dr. Tapan Kumar Chand is an Indian mining veteran, executive, and author. He is the Resident Director of Vedanta Limited. He was the chairman cum managing director of National Aluminium Company. NALCO is the largest integrated aluminium unit in Asia and is also one of the largest aluminium complexes of the world. He has been in the mining and metal sector since 1982, earlier serving as the director commercial of Rashtriya Ispat Nigam Limited / Visakhapatnam Steel Plant and Director Personnel & Director I/c, of Central Coalfields Limited.
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