Top 10 Public Sector (PSU) Companies in India 2015
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7. National Mineral Development Corporation
National Mineral Development Corporation is a government controlled mineral producing company.
Image: company website
It is headquartered in Hyderabad and is under the control of the Ministry of Steel. It is considered India’s largest producer and exporter of iron ore.
It is also involved in the exploration of minerals such as copper, rock phosphate, limestone, diamond, tungsten, tin, graphite, gypsum, etc.
The Operating Mines of NMDC are as follows:
• Bailadila Iron Ore Mine, Bacheli Complex, Distt. South Bastar, Dantewada (C.G.)
• Bailadila Iron Ore Mine, Kirandul Complex, Distt. South Bastar, Dantewada (C.G.)
• Diamond Mining Project, Majhgawan, Panna (M.P.)
• Donimalai Iron Ore Mine, Donimalai, Distt. Bellary (Karnataka)
NMDC Ltd. Has also diversified into other raw materials like low silica limestone and magnesite. It has also been handed over the reins of silica sand mining. The plant that has come up for this purpose is expected to produce high purity silica sand of 300,000 tonnes per year. NMDC Ltd. has also been recognized as a Navratna following its expertise in the fields of mineral exploration and mining. It is also looking at venturing into minerals like gold, diamond, etc in some African countries.
NMDC Ltd. signed a memorandum of understanding between Indian Rare Earths Limited (IRE) and Andhra Pradesh Mineral Development Corporation for forming a joint venture to develop Bheemunipatnam Beach Sand. The project focuses on mining of beach sands and setting up of a mineral separation plant for ileminate concentrate.
In 2015, NMDC clinched the prestigious PLATTS Global Metals Awards in Industry Leadership Award – Raw Materials and Mining category. It is the first Indian company to win such an award for exemplary leadership. The performance of NMDC in providing the shareholders strong returns and displaying a commitment to sustainable and forward thinking solutions played an important role in NMDC receiving this accolade.