NMDC Limited, formerly National Mineral Development Corporation, is a central public sector undertaking. It is under the

ownership Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...

Ministry of Steel The Ministry of Steel is an executive branch agency of the Government of India that is responsible for formulating all policies regarding steel production, distribution and pricing in India. As of July 2021, the ministry is headed by a Secretar ...

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...

. It is involved in the exploration of

iron ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...

copper Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkis ...

rock phosphate Phosphorite, phosphate rock or rock phosphate is a non-detrital sedimentary rock that contains high amounts of phosphate minerals. The phosphate content of phosphorite (or grade of phosphate rock) varies greatly, from 4% to 20% phosphorus pentoxi ...

limestone Limestone ( calcium carbonate ) is a type of carbonate sedimentary rock which is the main source of the material lime. It is composed mostly of the minerals calcite and aragonite, which are different crystal forms of . Limestone forms whe ...

dolomite Dolomite may refer to: *Dolomite (mineral), a carbonate mineral *Dolomite (rock), also known as dolostone, a sedimentary carbonate rock *Dolomite, Alabama, United States, an unincorporated community *Dolomite, California, United States, an unincor ...

gypsum Gypsum is a soft sulfate mineral composed of calcium sulfate dihydrate, with the chemical formula . It is widely mined and is used as a fertilizer and as the main constituent in many forms of plaster, blackboard or sidewalk chalk, and drywall. ...

bentonite Bentonite () is an absorbent swelling clay consisting mostly of montmorillonite (a type of smectite) which can either be Na-montmorillonite or Ca-montmorillonite. Na-montmorillonite has a considerably greater swelling capacity than Ca-mon ...

magnesite Magnesite is a mineral with the chemical formula (magnesium carbonate). Iron, manganese, cobalt, and nickel may occur as admixtures, but only in small amounts. Occurrence Magnesite occurs as veins in and an alteration product of ultramafic ro ...

diamond Diamond is a Allotropes of carbon, solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic. Another solid form of carbon known as graphite is the Chemical stability, chemically stable form of car ...

tin Tin is a chemical element with the symbol Sn (from la, stannum) and atomic number 50. Tin is a silvery-coloured metal. Tin is soft enough to be cut with little force and a bar of tin can be bent by hand with little effort. When bent, t ...

tungsten Tungsten, or wolfram, is a chemical element with the symbol W and atomic number 74. Tungsten is a rare metal found naturally on Earth almost exclusively as compounds with other elements. It was identified as a new element in 1781 and first isolat ...

graphite Graphite () is a crystalline form of the element carbon. It consists of stacked layers of graphene. Graphite occurs naturally and is the most stable form of carbon under standard conditions. Synthetic and natural graphite are consumed on large ...

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dea ...

etc. It is India's largest iron ore producer and exporter, producing more than 35 million tonnes of iron ore from three mechanized mines in

Chhattisgarh Chhattisgarh (, ) is a landlocked state in Central India. It is the ninth largest state by area, and with a population of roughly 30 million, the seventeenth most populous. It borders seven states – Uttar Pradesh to the north, Madhya Prade ...

and

Karnataka Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat ...

. It also operates the only mechanized diamond mine in the country at Panna in

Madhya Pradesh Madhya Pradesh (, ; meaning 'central province') is a state in central India. Its capital is Bhopal, and the largest city is Indore, with Jabalpur, Ujjain, Gwalior, Sagar, and Rewa being the other major cities. Madhya Pradesh is the seco ...

. NMDC is in the process of demerging its Nagarnar iron and steel plant by mid 2022, and publicly listing the demerged company.

Operating mines

* Bailadila Iron Ore Mine, Kirandul Complex, South Bastar district, Dantewada (C.G.)Steel * Bailadila Iron Ore Mine, Bacheli Complex, South Bastar district, Dantewada (C.G.) * Donimalai Iron Ore Mine, Donimalai,

Bellary district, Karnataka Bellary, officially known as Ballari (pronounced ), is a major district in Karnataka. It is located at north-eastern part of Karnataka. This district belongs to Kalyana-Karnataka. This district was one of the biggest districts in Karnataka unt ...

(at December 2019 suspended for over a year due to a royalty dispute) * Diamond Mining Project, Majhgawan, Panna (M.P.) 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 In the mining industry or extractive metallurgy, beneficiation is any process that improves (benefits) the economic value of the ore by removing the gangue minerals, which results in a higher grade product (ore concentrate) and a waste stream (tail ...

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 (India) Limited (Formally Indian Rare Earths Limited) is a government-owned corporation Mini-Ratna Category A, Schedule B Company, in India based in Mumbai, Maharashtra. It was incorporated as a public limited company in 1950, jointly own ...

, (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 Ilmenite is a titanium-iron oxide mineral with the idealized formula . It is a weakly magnetic black or steel-gray solid. Ilmenite is the most important ore of titanium and the main source of titanium dioxide, which is used in paints, printing ...

concentrate and a downstream value addition plant for conversion of ilmenite into synthetic rutile/TiO₂ slag/TiO₂ pigment with

pig iron Pig iron, also known as crude iron, is an intermediate product of the iron industry in the production of steel which is obtained by smelting iron ore in a blast furnace. Pig iron has a high carbon content, typically 3.8–4.7%, along with silic ...

as by-product.

Nagarnar Steel Plant

NMDC set up a 3 MTPA capacity greenfield

Nagarnar Steel Plant 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 f ...

based on HiSmelt technology, 16 km from

Jagdalpur Jagdalpur is a city in Bastar district in the Indian state of Chhattisgarh. Jagdalpur is the administrative headquarters of Bastar District and Bastar Division. It was earlier the capital of the former princely state of Bastar. It is the fo ...

state, with an estimated outlay of Rs 20000 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. The plant site is around 16 km from

and 6 km from the Orissa–Chattishgarh border. The nearest railway station is Amaguda (around 2 km). The site is located on National Highway NH 30. The nearby airports are

Raipur Raipur ( ) is the capital city of the Indian state of Chhattisgarh. Raipur is also the administrative headquarters of Raipur district and Raipur division, and the largest city of the state. It was a part of Madhya Pradesh before the state of Chh ...

Vishakhapatnam , image_alt = , image_caption = From top, left to right: Visakhapatnam aerial view, Vizag seaport, Simhachalam Temple, Aerial view of Rushikonda Beach, Beach road, Novotel Visakhapatnam, INS Kursura submarine museum, ...

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.

Listings and shareholding

The equity shares of NMDC are listed on the

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...

and the

National Stock Exchange of India National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Mah ...

. As of February 2020, the Government of India held a 69.65% equity in NMDC. 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 A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV i ...

(4.42%), and banks (1.96%).

Life Insurance Corporation of India Life Insurance Corporation of India (LIC) is an Indian Public Sector Undertakings in India, central public sector undertaking headquartered in Mumbai, Maharashtra, India. It is under the ownership of Ministry of Finance (India), Ministry of Fi ...

is the largest non-promoter shareholder in the company with a 13.699% shareholding.

International

National Mineral Development Corporation 2017 stamp of India

In Australia, Legacy Iron Ore, a majority-owned NMDC company, holds majority stakes in gold and iron ore projects in Western Australia. 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.

References

External links

NMDC website
{{authority control Metal companies of India Mining companies of India Government-owned companies of India Industries in Hyderabad, India Non-renewable resource companies established in 1958 Indian companies established in 1958 1958 establishments in Andhra Pradesh Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange