NMDC was incorporated in the year 1958 with the objective of exploration and exploitation of minerals. Since inception, NMDC was involved in the exploration of a wide range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc., in order to increase the mineral resource base of the country. From 4 million tons of iron ore production in 1969-70, NMDC has grown continuously and produced 42.15 MT in financial year 2021-22. NMDC has a diamond mine in Panna, the only mechanized diamond mine in Asia with a capacity of 84,000 carats.
NMDC has been conferred with Mini Ratna status in 1998 and Navratna status in 2008 by Department of Public Enterprise, Government of India. NMDC has paid about Rs.27,000 crore in dividends to the Government till date. The performance of the company has been consistently very good and above on MoU parameters.
NMDC has set up its units in the following states: –
- Chhattisgarh
- Karnataka
- Madhya Pradesh
- Andhra Pradesh
State-wise revenue earned by NMDC during the last three years and the current year is as follows: –