The fundamental statement for mining industry is ‘The new world simply can’t function without mining’. Mineral resources play a vital role in the economic development of the country. Why mining is a way of life? Every single thing we depend on is either made from minerals or depends on minerals for its production. It takes several minerals and mines to produce the cell phones. Mineral products are essential components for automobiles, roads, home appliances, energy towers, solar panels, wind turbines, fertilizers, railways, new buildings and all construction sectors.
The year 1958 heralded a new era. An organization was born, one which would pave the wave for a colossal tomorrow. Through an eventful journey of six decades, NMDC witnessed a growth which very few have seen. As the economic backdrop of our nation changed, India saw the emergence of a leader in the minerals and mining industry. A force to reckon with, NMDC has today carved a niche for itself not only in the way they excel in business, but also in the way they uphold the basic human values and contribute meaningfully to society. Today, NMDC has secured international footprint, a significant step towards becoming a global major.
With iron-ore production of 35.58 million tonnes in financial year 2017-18, it has a market share of about 25 percent domestically (excluding captive iron ore production). Average grade of iron ore of NMDC sold in the market is 64 percent Fe, which is one of the best globally. With a Profit (before tax) of Rs 6179 crore in financial year 2017-18, it is one of top profit-making ‘Navratna’ public sector companies in the country. It has a net worth of Rs 24,354 crore (as on 31st March 2018). It has a strong history of rewarding investors with dividend payment of Rs 14,111 crore in the last five years.
NMDC continues to pursue policies and programmes to deliver long term value to all its stakeholders. NMDC has also invested substantially in the socio-economic development of the local communities, especially near its mining projects. Ranked amongst India’s topmost companies in terms of its robust financials, NMDC’s eco-friendly, scientific and safe mining operations have earned recognition for it not just as one of the world’s lowest cost producer of iron ore, but also as the leader in its category.
Contribute Towards Nation Building
we started our Journey 60 years back from the dreamy hills and the deep jungle land of Bastar in Chhattisgarh. Thanks to the spectacular efforts made by NMDC over the years, today Bailadila is a name to reckon with in the world iron ore market.
Continuing its journey, NMDC now has three major iron ore complexes- Kirandul & Bacheli in Bailadila, Chhattisgarh and Donimalai in Karnataka from which it produced 35.58 million tonnes of iron ore in financial year 2017-18. It also owns and operates the only mechanized diamond mines in Asia, in house R&D Centre, Exploration and Geo Statistics centre. Our company believes in ethical governance and sustainable practices, which will be our priorities in the years to come too. Keeping these principles as our core, we aim to grow steadfastly and contribute further towards nation building.
The country today is on a high growth path and needs larger quantities of steel to build its infrastructure and strengthen its manufacturing base. NMDC is in the process of expanding its capacity at all its existing mines wherever opportunity exists to meet the growing requirements of the domestic steel industry.
NMDC’s VISION, MISSION & OBJECTIVES
To emerge as a global Environment friendly Mining Organisation and also as a quality Steel producer with a positive thrust on Social Development.
To maintain its leadership as the largest iron ore producer in India, while establishing itself as a quality steel producer and expanding business by acquiring and operating various iron ore, coal and other mineral assets in India and abroad, rendering optimum satisfaction to all its stake holders.
To expand the operations in the areas of Mining and Mineral Processing to meet the growing demands from domestic and international Markets.
Achieve international standards in per capita productivity, value addition and cost effectiveness.
To increase the iron ore production capacity to 50 MTPA by 2018-19 and 67 MTPA by 2021-22.
Achieve growth by:
- Expansion of existing mines (b) Operating new mines fully owned by NMDC or in Joint Venture
Give thrust to exploration and exploitation of iron ore and other strategic & critical minerals.
To maintain environment protection.
To conserve mineral resources through scientific mining.
To maintain high level of customer satisfaction.
To improve the quality of life of people in general and socio economic environment in and around the mines in particular.
In the past, NMDC had developed many mines like Kiriburu, Meghataburu iron ore mines in Jharkhand, Khetri Copper deposit in Rajasthan, Kudremukh Iron Ore Mine in Karnataka, Phosphate deposit in Mussorie, some of which were later handed over to other companies in public sector and others became independent companies.
NMDC has made valuable and substantial contribution to the National efforts in the mineral sector during the last six decades and has been accorded the status of schedule-A Public Sector Company. In recognition to the Company’s growing status and consistent excellent performance, the Company has been categorized by the Department of Public Enterprises as ‘ NAVRATNA’ Public Sector Enterprise in 2008.
NMDC is operating three highly-mechanised iron ore mine complexes. Two complexes are located in Dantewada(Chhattisgarh) namely Bailadila Iron Ore mine, Kirandul complex & Bailadila Iron Ore Mine, Bacheli Complex with yearly production of around 24 million tonnes. One complex in Donimalai Iron Ore Complex, located in Bellary(Karnataka)produces 12 million tonnes per annum.
NMDC is also operating a diamond mine namely Diamond Mining Project, Panna (M.P.), which is the only mechanized diamond mine in Asia, with yearly production of around 35,000 carats. NMDC also has a sponge iron unit of 60,000 tonnes/annum at Paloncha (Telangana).
NMDC Global has also spread its footprint globally with investments in Tanzania, Australia and Mozambique.
NMDC is in the process of setting up of a pilot-scale processing plant for gold in its mining lease in Tanzania.
Spreading its footprint globally, NMDC has a majority stake of 78.56 percent in Legacy Iron Ore Limited, Australia which has iron ore, gold, nickel and base metals interests (19 tenements) in Western Australia.
ICVL, a JV company of SAIL, RINL, NTPC, CIL and NMDC has acquired an operating coking/thermal coal mine in Mozambique.
NMDC has made a comprehensive plan to enhance iron ore production capacity to 67 MTPA by FY’23 to meet the growing requirements of iron ore of the Indian Steel Sector.
Development of a Greenfield mines (Deposit 13) has also been planned through Joint Venture with the Chhattisgarh State Mining Development Corporation.
NMDC is in the process of setting up a slurry pipeline for evacuation of iron ore at economical cost. Efforts to increase evacuation capacity through doubling of Kirandul-Kothavalasa (KK) line is also in full swing.
For further expansion in capacity, NMDC is pursuing allocation of new iron ore deposits both through participation in auction and reservation through government dispensation route.
Besides, as a part of its diversification and forward integration plan, it is setting up a 3.0 MTPA Greenfield steel plant at Nagarnar in Chhattisgarh, which is in advanced stage of construction. It also has forayed in pellet-making with a 1.2 MTPA pellet plant started trial production at Donimalai. Another 2 MTPA pellet plant is being set-up at Nagarnar.
EXPLORATION & RESERVE ESTIMATION
NMDC has a dedicated exploration wing at Raipur, which is fully equipped to undertake mineral exploration works. Besides, it has also established a well-equipped Centre for Geostatistics. NMDC has full-fledged mine planning wings at Corporate office as well as the project sites for ore body modelling and reserve estimation, with advance softwares like Surpac, Whittle & Mineshed.
NMDC has emerged as the crown jewel
Over last six decades, as the largest iron ore producer in the country, NMDC’s story has been that of fulfilling and living up to the dreams of the greatest visionaries of our nation. NMDC has emerged as the crown jewel among the PSEs in the Ministry of Steel with continuous improvement in its performance and maximization of shareholder’s wealth.
In line with the National Steel Policy 2017, NMDC has made a growth plan to almost double its capacity in the coming years to meet the growing iron ore requirements of the domestic steel industry.
It is heartening that NMDC has always been at the forefront in taking up Corporate Social Responsibility activities, developing and nurturing the regions where it operates and bringing about improvement in the quality of life. It has also continuously invested in sustainable mining practices and its concern for environment management is uncompromising.
An organization is as strong and resilient as its employees. Over the last 60 years, NMDC employees have set high standards of performance and weathered many odds.
CORPORATE SOCIAL RESPONSIBILITY
CSR is raison d’etre of NMDC and not just a part of business strategy. Over the years, NMDC has made a huge impact on the socio-economic progress of the people, especially in the remote villages of Bailadila, through a host of CSR initiatives in the areas of medicare, education, skill training, infrastructure, drinking water, etc., through focused interventions and also integrated development of villages. NMDC believes that the well-being of the society at large is a pre-requisite for progress of business & prosperity of the organization. This has been the company’s underlying philosophy in its approach to society.
Balika Shiksha Yojana under which 40 tribal girl students are sponsored for professional Nursing Courses at Apollo institute of Nursing, Hyderabad is an example of innovative programme which has been designed, considering the prevailing conditions in Bastar Region of Chhattisgarh. The initiative serves triple purpose of assisting Girls from socio-economically disadvantaged sections of society to pursue professional education, contribute to empowerment of women and also help in addressing the situation of acute shortage of Medical & Paramedical staff in Bastar Division.
Shiksha Sahayog Yojana is a one of its kind initiative in the Country, which NMDC has been implementing since 2008-09, wherein 18,000 SC/ST students from economically weaker families are provided educational scholarships per annum. NMDC has adopted the process of direct crediting of Scholarships into the Bank/Post Office accounts of the beneficiary Students. It would not be out of place to mention that this was a pioneering practice introduced by NMDC’s CSR Programme way back in 2009-10. The scheme has been enriched with innovative activities like debate competitions, sports events, study tours, science exhibitions etc. to give opportunity for overall personality development of the students.
Education City at Geedam, Dantewada Dist Chhattisgarh is an island of educational facilities with institutions ranging from Primary school to professional institutions like polytechnics in a single campus. The objective is to provide conducive environment to the local children for overall intellectual and physical development by providing them with quality educational facilities. NMDC has partnered actively with the State Govt. in this unique initiative and is supporting it in several ways.
NMDC is providing financial support to “Choo lo asman” which is an initiative by the Govt. of Chhattisgarh for the students of Dantewada District to help them prepare for technical competitive exams like PET/PMT entrance examinations and providing career guidance.
Lakshya Yojana – NMDC has been providing financial support to this initiative by Govt. of Chhattisgarh under which short term special coaching is provided to 150 un-employed youth to appear for Job oriented Competitive exams for gaining suitable State & Central Govt/PSU Jobs.
NMDC is supporting establishment of Eklavya Khelkud Prakalp, a sports facility for tribals at Raipur in Chhattisgarh.
NMDC is supporting the construction of a Sports Complex at Bastar District in Chhattisgarh to provide better training opportunities to local upcoming sportspersons.
Skill Development in Mining & Steel Sector for Non NMDC Stakeholders – in collaboration with NSDC, skill development programme is underway. It is a 3 year programme in which 1600 local youth would be provided training.
Skill devt. prog. in partnership with M/s. Urbo Rural Integrated Development Association (URIDA), New Delhi in trades viz. Industrial Garmenting, Woodcraft and Domestic Electrician for 270 persons from socio-economically disadvantaged sections of society residing around NMDC Bailadila Projects in Dantewada District.
Skill devt. prog. in partnership with Construction Industry Development Council (CIDC), New Delhi in construction industry related trades to train 200 persons belonging to SC/ST/OBC/ Women, unemployed youth & EWS of society from around NMDC Bailadila Projects in Dantewada District.
NMDC has made valuable and substantial contribution to the National efforts in the mineral sector during the last six decades and has been accorded the status of schedule-A Public Sector Company. In recognition to the Company’s growing status and consistent excellent performance, the Company has been categorized by the Department of Public Enterprises as “NAVRATNA” Public Sector Enterprise in 2008. As India’s single largest iron ore producer, it holds several global certifications vouchsafing for its high quality standards. In fact, the last six decades have witnessed an amazing performance and has set the stage for a bigger and better performance. As the global demand for steel is on spiraling rise, the company is all poised to take giant strides to meet future needs. The demand for steel will continue to grow in the years to come and this in turn would call for increased demand for iron ore. NMDC is gearing itself to meet the expected increase in demand by enhancing production capacities of existing mines and also by acquiring new mines.