MoU with NMDC


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.

This information was given by Minister of State in the Ministry of Steel Sh. Vishnu Deo Sai in reply to a question Lok Sabha today.

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