National Mineral Development Corporation (NMDC)

About National Mineral Development Corporation (NMDC):

• Incorporated in 1958 as a Government of India fully owned public enterprise, NMDC is under the administrative control of the Ministry of Steel, Government of India.
• The company was categorised as "NAVRATNA" Public Sector Enterprise in 2008.
• The company is engaged in the exploration of a range of minerals, including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.
• NMDC is India's single largest iron ore producer, presently producing over 45 million tonnes of iron ore from its fully mechanized mines in Bailadila Sector in Chhattisgarh and Donimalai in Bellary-Hospet region in Karnataka.
  • NMDC is considered to be one of the low-cost producers of iron ore in the world.
  • The company sells most of their high-grade iron ore production to the Indian domestic steel market, primarily pursuant to long-term sales contracts.
• It also operates the only mechanized diamond mine in India at Panna, Madhya Pradesh.
• All of the NMDC mining complexes have been rated 5 Star by the Indian Bureau of Mines, Ministry of Mines.
• The registered office is located in the city of Hyderabad, Telangana.

Q1: What is NMDC famous for?

Incorporated in 1958 as a Government of India public enterprise, NMDC is India's largest producer of iron ore.

Source: TH