NMDC Celebrates its 64th Foundation Day
- National Mineral Development Corporation (NMDC), a public enterprise under Ministry of Steel celebrated its 64th Formation Day at its Head Office - Hyderabad.
- As a part of NMDC’s established corporate culture, employees who have put in more than 20 years of continuous service were felicitated during the function with Long Service Awards in recognition of their dedicated association with the company.
About National Mineral Development Corporation
Establishment
- NMDC Ltd was incorporated on November 15 1958 as a government company with the name National Mineral Development Corporation Pvt Ltd.
- During the year 1959-60 the name of the company was changed from National Mineral Development Corporation Pvt Ltd to National Mineral Development Corporation Ltd.
- In the year 1966 the company acquired the Panna Diamond Project.
Operations
- NMDC Ltd is India's largest iron ore producer and exporter, producing more than 35 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.
- The company is engaged in the exploration of a range of minerals including iron ore copper rock phosphate lime stone dolomite gypsum bentonite magnesite diamond tin tungsten graphite and beach sands.
- Their principal operations include its three iron ore mining complexes at Kirandul and Bacheli in the State of Chhattisgarh and Donimalai in the State of Karnataka each of which consists of several iron ore mines.
- The company sells most of their high grade iron ore production to the Indian domestic steel market primarily pursuant to long term sales contracts.
- They sell their core products iron ore fines lump and slimes through the company's sales and marketing function.
- 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.