NMDC Share Price

The National Mineral Development Corporation (NMDC) is engaged in the exploration and production of Iron Ore and diamonds, exploration of a wide range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands and many others.

They primarily operate four Iron Ore mechanized mines:

• Bailadila Iron Ore Mines – Kirandul Complex (Dep-14, 14 NMZ, 11B & 11C)
• Bailadila Iron Ore Mine – Bacheli Complex (Dep-5,10 & 11A) in the Chhattisgarh State
• Donimalai Iron Ore Mine 
• Kumaraswamy Iron Ore Mine in the Karnataka State. 

The National Mineral Development Corporation (NMDC) is a public sector undertaking of the Government of India. The company was set up on March 27, 1958, under Mines & Minerals (Development & Regulation) Act 1957. Its objective was to promote the development and regulation of mines and minerals in GoI’s mineral-rich areas, i.e., Orissa, Chattisgarh, Jharkhand & Andhra Pradesh. NMDC has been recognized by Forbes magazine as one of Asia's best under-a-billion listings.

It is one of the most profitable Navratna companies.

Business Verticals

NMDC Ltd. is engaged in the mining and marketing copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands. Apart from mining, NMDC Ltd. incorporated a special purpose vehicle (SPV) in December 2011 to set up a power plant for captive use to the 3 MTPA integrated steel plant constructed at Nagarnar. 

Additionally, it provides logistics support services for the movement of mineral resources through its network of rail wagons, road transport, and handling facilities at ports.

Milestones

1958 - NMDC was incorporated as National Mineral Development Corporation Pvt Limited.

1966 - Acquired the Panna Diamond Project.

1968 - NMDC started the production of iron ore from Bailadila Deposit No. 14.

1975 - The Company became a deemed public limited company. 

1977 - The Donimalai Iron Ore Mine began producing iron ore.

1987 - Production of iron ore from Bailadila Deposit No.11C has begun.

1989 - J & K Mineral Development Corporation Limited was formed with J & K Minerals Ltd. to explore and exploit the Panthal magnesite mine and produce dead burnt magnesite.

1993 - NMDC was converted into a public company.

2008 - 

Entered a new market: wind energy. Seven units of 1.5 MW Wind Electricity Generators have been commissioned.

Achieved first place in the financial ranking of central public sector enterprises in the 2007-08 fiscal year, according to a survey conducted by the Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, based on the overall performance on financial and other parameters.

Awarded the Rajbhasha shield - first prize for the Town Official Language in 2007-08.

The company's name changed from the National Mineral Development Corporation Ltd. to NMDC Ltd.

2009 - 

Recorded a turnover of Rs. 75,640 million, a profit after tax of Rs. 43,720 million, and distributed a dividend of 221 per cent to the Company's shareholders.

Reopened its diamond mine at Panna after a four-year hiatus after the Supreme Court approved the mine's operation.

Signed an agreement with the Steel Authority of India Ltd. to develop the Arki Limestone deposit to supply low silica high-grade limestone primarily to NMDC and Steel Authority of India Limited steel plants.

2010 - 

Entered into an agreement with the Government of Andhra Pradesh's Department of Mines and Geology and the Andhra Pradesh Mineral Development Corporation for the exploration and exploitation of iron ore and gold in the state of Andhra Pradesh.

The state-owned NMDC Ltd has formed a joint venture company for mine exploration and development in South Africa with Kopano Logistics Services.

2011 - 

NMDC receives approval for the Himachal limestone project.

NMDC has signed a Contract Agreement for the turnkey execution of a Sinter Plant with a consortium comprising Siemens VAI, Austria, SVAI India, and NCC Ltd.

NMDC has signed an MoU with Legacy Iron Ore Limited (Legacy), Australia, to purchase 50% of the Company (Legacy), allowing NMDC to enter the Australian resource sector.

2013 - 

NMDC receives the "Steelies - 2013 - Award for Excellence in Project Management"

The Asia Pacific HRM Congress Awards 2013 were presented to NMDC Limited, Hyderabad, with the "HR Leadership Award."

NMDC signs Memorandum of Understanding for Zimbabwe Mineral Projects.

NMDC signs an agreement with a Zimbabwean company for African mineral projects.

2014 - 

NMDC was named "Most Valuable Company" in the Navaratna Category of the 2014 India Today PSU Awards.

NMDC received the "BT-Star PSU of the Year Award for Outstanding Performance Among Maharatna and Navratna PSUs."

2015 - 

NMDC Ltd. has formed a wholly-owned subsidiary company called "NMDC Steel Ltd" to transfer the Iron & Steel Plant (NISP) to the newly formed subsidiary company.

NMDC Ltd. has received the India Pride Award in the metals and minerals and trade (including mining) category for 2015.

2016 - 

Among the Ministry of Steel's PSUs, NMDC was awarded the Ispat Rajbhasha Shield (First Prize) for Rajbhasha implementation in 2015-16.

NMDC received the "Most Efficient PSU" Award.

NMDC received the Governance Now PSU Award for Strategic Performance in 2016.

2017 - 

Three NMDC mines have received a 5-star rating.

NMDC Ltd. receives the 2017 Golden Peacock Corporate Ethics Award.