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NMDC becomes the first Indian company in Iron ore production

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    22nd Mar, 2022

Context 

  • National mineral development corporation became the first company in iron ore production by producing 40million tonnes of iron ore in a year.
  • It also set a target of becoming a 100 MT per annum company by 2030.

National Mineral Development Corporation

  • NMDC is a government-owned Navratna public sector enterprise under the Ministry of Steel incorporated in 1958.
  • It is the single largest iron ore producer in India.
  • It owns and operates highly mechanized iron ore mines in Chattisgarh and Karnataka areas.
  • Its headquarter is located in Hyderabad.
  • NMDC is also known in the world as one of the low-cost producers of iron,
  • It is also setting up a 3MT integrated steel plant at Nagarnar,Chattisgarh.
  • Sumit deb is the current Chairman and MD of NMDC

Iron Ore resources availability in India

Verifying, please be patient.

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