|₹213.2 / ₹103.65|
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NMDC Ltd is the largest iron ore producer by volume in India. The company is engaged in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands. Their principal operations include its three iron ore mining complexes at Kirandul and Bacheli in the State of Chhattisgarh and Donimalai in the State of Karnataka, each of which consists of several iron ore mines. The company sells most of their high grade iron ore production to the Indian domestic steel market, primarily pursuant to long term sales contracts. They sell their core products, iron ore fines, lump and slimes, through the company's sales and marketing function. NMDC Ltd was incorporated on November 15, 1958, as a government company with the name National Mineral Development Corporation Pvt Ltd. During the year 1959-60, the name of the company was changed from National Mineral Development Corporation Pvt Ltd to National Mineral Development Corporation Ltd. In the year 1966, the company acquired the Panna Diamond Project.