September 08, 2008

NMDC plans to go global and focus on value added goods

National Mineral Development Corporation Limited has entered its Golden Jubilee 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.

Mr Rana Som CMD of NMDC said that "We must paint a big picture of NMDC and work to get the company grows into it."

NMDC in a press statement said that "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 release added that “It 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."