About the National Mineral Development Corporation (NMDC):
- Incorporated in 1958 as a Government of India public enterprise, NMDC is India’s largest producer of iron ore.
- It is a Navratna public-sector enterprise under the administrative control of the Ministry of Steel.
- The company is engaged in the exploration of a range of minerals, including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.
- It owns and operates highly mechanised iron ore mines in Chhattisgarh and Karnataka.
- It also operates the only mechanised diamond mine in India at Panna, Madhya Pradesh.
- NMDC is considered to be one of the low-cost producers of iron ore in the world.
- The company sells most of their high-grade iron ore production to the Indian domestic steel market, primarily pursuant to long-term sales contracts.
- The registered office is located in the city of Hyderabad, Telangana.
