NMDC Limited Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of NMDC Limited?

NMDC Limited is an iron ore producer in India that operates advanced mining in Chhattisgarh and Karnataka, as well as a diamond mine in Panna, Madhya Pradesh. The government owns it and operates under the Ministry of Steel. The company offers various iron ore products for different industries and produces rough diamonds for jewelry. Through its subsidiary, Legacy Iron Ore Limited, NMDC explores 21 sites in Western Australia for iron ore, gold, tungsten, and base metals. Here's a simple overview of NMDC Limited's products and services:

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1- Iron Ore Production

• Iron Ore: The company runs some of India's largest iron ore mines, like the Bailadila Mines in Chhattisgarh and the Donimalai Mines in Karnataka. NMDC's iron ore supplies the domestic steel industry, meeting the raw material needs of major steel producers.
• Types of Iron Ore Produced:
  • Lumps: These are big pieces of iron ore that can be used directly in blast furnaces.
  • Fines are smaller iron ore particles used to make sinter or pellets before steel production.

2- Pellet Production

• Iron Ore Pellets: NMDC makes iron ore pellets, which are small, round balls of iron ore used to make steel. The company built a pellet plant in Karnataka to enhance its iron ore production.
• Steel manufacturers like pellets because they are uniform in size and have high iron content, which helps blast furnaces run efficiently and use less energy.

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3- Other Minerals

NMDC is mainly known for iron ore, but it also explores and produces other minerals, including:

• Diamond Mining: The company runs the Panna Diamond Mines in Madhya Pradesh, India's only mechanized diamond mine.
• Other Minerals Exploration: NMDC is exploring gold, rock phosphate, limestone, and other essential minerals to broaden its portfolio.

4- Research and Development (R&D)

• NMDC invests in research and development to improve mining processes, enhance mineral processing, and create new technologies.
• In its research, the company works on better methods for processing iron ore and making pellets, which helps use lower-grade iron ore more effectively.

5- Steel Production

• NMDC is starting steel production. The company is building a 3 MTPA integrated steel plant in Nagarnar, Chhattisgarh, to become a significant player in the steel industry.

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6- Export Services

• The company exports some of its iron ore to international markets. It sells high-quality iron ore to countries like Japan, South Korea, and China, boosting India's presence in the global iron ore market.

7- Mining Services and Consulting

• NMDC not only mines but also offers consulting services for mineral exploration and mining. The company specializes in geological surveys, mining operations, and environmental management.

8- Infrastructure Development

• NMDC helps build infrastructure for its mining operations. This includes making roads, railway lines, and loading facilities near mining sites to transport materials efficiently.
• The company also focuses on environmental practices like planting trees, managing water, and restoring land to support sustainable mining.

Question 2: Who are the promoters of NMDC Limited?

The President of India is the promoter of NMDC Limited (NMDC) who owns 60.79% of the total equity. NMDC is a Government of India Enterprise under the Ministry of Steel. It is the country's largest producer of iron ore.

Shri Amitava Mukherjee is the Chairman and Managing Director. He belongs to the 1995 batch of Indian Railway Accounts Services. He is a Cost Accountant. He has a Master of Commerce degree from Guru Ghasidas Vishwavidyalaya, Bilaspur. In 2018, he joined NMDC as Director in Finance.

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