MoU between NMDC and Ministry of Steel

A Memorandum of Understanding (MoU) has been finalized as between National Mineral Development Corporation (NMDC) and Ministry of Steel; per the guidelines of Department of Public Enterprises (DPE) which emphasizes continuous growth/sustainability of activities of NMDC compared to the previous years. The Major Parameters envisaged in the MoU 2015-16 are given below:-

i) Production of Iron Ore - 350 Lakh Tonnes

ii) Sale of Iron Ore - 380 Lakh Tonnes

iii) Sales Turnover- Rs.13500 Crore

iv) Gross Operating Margin - Rs.9450 Crore

v) Capital Expenditure - Rs. 3767 Crore

Apart from above, MoU also includes other factors for the growth of the company such as R&D Efforts, Project Implementation (milestones of upcoming projects), energy conservation, environment protection, productivity improvement, safety management and HRD Efforts.

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