Mining corporation revamps decision-making to fast-track projects

The powers delegated to the CMD would now flow down following a pyramid structure of hierarchy

mining
R Krishna Das Raipur
2 min read Last Updated : Aug 16 2024 | 4:37 PM IST
The National Mineral Development Corporation (NMDC) has empowered its directors and project heads with controls by revamping the Chairman-Cum-Managing Director (CMD)’s delegation of powers.

The move is in line with the state-run miner’s target of reaching 100 million tonnes (MT) capacity under ‘Vision NMDC 2.0’, said Sanjeev Sahi, who heads Bailadila Iron Ore Mine (BIOM)-- one of NMDC’s two mechanised mines in Dantewada.

The powers delegated to the CMD would now flow down following a pyramid structure of hierarchy. This would aid quick decision making, reduce time for executing projects, enhance production and achieve capex targets at a better pace, he added.

“Consequently, the heads of departments at head office and for projects (around 12 -13 for each project) have been empowered with tendering powers (which were not there in the earlier delegation of powers). This has resulted in decentralisation and expeditious processing of cases at the respective levels in cases of schemes sanctioned by higher authorities,” Sahi said.

The powers delegated by the board to the CMD in 2008 and to the Empowered Committee of Directors (ECoD) in 2014 can only be amended by the Board. This remains unaltered. 

However, the CMD can only sub-delegate powers to subordinates and that too within his/her own delegated powers, Sahi said, adding, a new concept of ‘Works Vertical’ will focus on construction activities at major projects.

Senior-most officers, who have been delegated the powers equivalent to the Heads of Projects, head these verticals.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :NMDCMining companiesMineral

First Published: Aug 16 2024 | 4:10 PM IST

Next Story