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Last Updated: 2026
National Mineral Development Corporation image

National Mineral Development Corporation

Rank#2519
Market Cap7.38B
CountryIndia
Summary
History
Mission
Vision
References
Summaryarrow
NMDC Limited, together with its subsidiaries, explores for and produces iron ore in India. It explores for a range of minerals, such as iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands, etc., as well as gold and coal. The company primarily holds interests in the Bailadila iron ore mines located in Kirandul Complex and Bacheli Complex, Chattisgarh; Donimalai iron ore mines located in various regions, including Donimalai, Kumaraswamy, and Ramandurg in Karnataka; and a diamond mining project located in Panna, Madhya Pradesh. It also produces and sells sponge iron and pellets; and generates and sells wind power. The company also exports its iron ore products to Japan and South Korea. The company was formerly known as National Mineral Development Corporation Limited. NMDC Limited was incorporated in 1958 and is headquartered in Hyderabad, India.
Historyarrow

NMDC was established in 1958 with the objective of accelerating the mechanised exploitation of minerals to meet the growing needs of industrial development in India. In 1962, the company’s operations were expanded and it began its partnership with the Steel Authority of India (SAIL). Over the years, NMDC has established its dominance in the iron ore market by exploiting its rich iron ore reserves in Chhattisgarh and Karnataka.

Missionarrow
NMDC’s mission is to provide mineral resources to meet the growing needs of the growing Indian economy and to make a positive impact on the quality of life of the people of India.
Visionarrow
NMDC’s vision is to be the leading supplier of quality iron ore products and other minerals for the infrastructure projects of India and become a reliable partner for the prosperity of the people of India.
Referencesarrow

https://en.wikipedia.org/wiki/National_Mineral_Development_Corporation

https://in.investing.com/equities/nmdc

https://finance.yahoo.com/quote/NMDC.NS/profile?p=NMDC.NS

https://www.crunchbase.com/organization/national-mineral-development-corporation

https://companiesmarketcap.com/

https://www.nmdc.co.in

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Leadership team
M
Mr. Sumit Deb (MD & Chairman)
M
Mr. Amitava Mukherjee (Director of Fin. & Director)
M
Mr. Somnath Nandi (Director of Technical & Director)
Products / Services
Mineral, Mining, Mining Technology, Precious Metals
Number of Employees
1,000 - 20,000
Address
Hyderabad, Andhra Pradesh, India
Established
1958-01-01
Net Income
$1B – $20B
Revenue
$1B+
Traded as
NMDC.NS
Website
https://www.nmdc.co.in
Social Media
facebook
Last Updated: 2026
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