NMDC to focus on value-added goods
National Mineral Development Corporation Ltd enters its Golden Jubilee year this month with plans to go global.business Updated: Nov 25, 2007 21:46 IST
Public sector National Mineral Development Corporation Ltd (NMDC) has entered its Golden Jubilee year this month with plans to go global and to turn itself from a producer of simple iron ore to a value-added products maker that has a diversified focus.
"NMDC is taking fast strides on diversification into other minerals, value-added products and waste management by converting ore into value products like pellets, sponge iron, etc. The Company is poised for establishment of a steel plant at Nagarnar. Exploration and expansion of business activities are being extended beyond the shores of India, so that NMDC will soon become a global company," the company said in a statement.
"We must paint a big picture of NMDC and work to get the company grow into it," Rana Som, NMDC's CMD, said in the statement.