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NMDC Reviews

Hyderabad, Telangana

4.3/ 5

3 reviews

NMDC Limited, formerly known as the National Mineral Development Corporation, is a premier Navratna Public Sector Enterprise under the administrative control of the Ministry of Steel, Government of India. Established in 1958, the company is headquartered in Hyderabad, Telangana, and stands as India's single largest producer and exporter of iron ore. As a state-controlled mineral producer, the Government of India holds the majority stake of approximately 60.79% in the corporation. The core operations of NMDC revolve around the exploration and production of a diverse range of minerals. While high-grade iron ore remains its primary product, the company's mineral portfolio also includes copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, tin, tungsten, graphite, coal, and beach sands. NMDC operates highly mechanized iron ore mines located in the states of Chhattisgarh (such as the Bailadila complexes) and Karnataka (including the Donimalai and Kumaraswamy mines). Notably, it also operates the country’s only mechanized diamond mine at Majhgawan in Panna, Madhya Pradesh. To hedge against the volatility of iron ore prices and diversify its business, NMDC set up a 3 MTPA capacity greenfield steel plant at Nagarnar in Chhattisgarh, which was subsequently demerged into a separate publicly traded entity, NMDC Steel, in 2022. Internationally, the company has expanded its footprint into gold mining operations at Mt Celia in Western Australia through its subsidiary, Legacy Iron Ore Limited. Financially, NMDC is a robust performer publicly traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). For the fiscal year ended March 31, 2026, the company reported an impressive consolidated total income of INR 33,559.27 crore and a consolidated net profit of INR 7,450.42 crore, representing a 13.89% year-on-year rise in profitability. NMDC is widely recognized by investors for its strong return on equity (ROE) and consistent dividend track record, maintaining a dividend yield of approximately 3.90%. The corporate leadership of NMDC is headed by Amitava Mukherjee, who serves as the Chairman-Cum-Managing Director. The board also includes key functional directors such as Anurag Kapil (Director - Finance), Vinay Kumar (Whole Time Director - Technical), and Krishna Kumar Thakur. Driven by a commitment to sustainability, NMDC has integrated responsible mining practices across its locations, receiving 5-star ratings from the Indian Bureau of Mines (IBM) and reducing its greenhouse gas emission intensity significantly over the years. Supported by extensive corporate social responsibility (CSR) initiatives in education, healthcare, and infrastructure development, the company plays a pivotal role in supporting India’s domestic steel sector and broader industrial infrastructure goals.