In an Indian Bureaucracy PSU news update, Shri Narendra Kothari took over as new Chairman and Managing Director (CMD) of the country’s top iron ore miner NMDC. Kothari replaces SAIL Chief Shri C S Verma, who held the additional charge of CMD NMDC.
The NMDC (National Mineral Development Corporation) Limited (BSE: 526371, NSE: NMDC) is a state-controlled mineral producer of the Government of India. It is owned by the Government of India and is under administrative control of the Ministry of Steel.
It is involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite . It is India’s largest iron ore producer and exporter producing about 30 million tons of iron ore from 3 fully mechanised mines in Chhattisgarh and Karnataka. It also operates the only mechanised diamond mine in the country at Panna in Madhya Pradesh.