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Saturday, Sep 21, 2019

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
HT Correspondent
HT Correspondent

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.

First Published: Nov 25, 2007 21:43 IST