NMDC Limited

NMDC was incorporated in 1958 as a Government of India fully owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India.It is involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, etc. NMDC is the single largest producer of iron ore in India owns and operates highly merchandized iron ore mines in CG & Karnataka. NMDC is one of the low-cost producers of iron ore in the world. It also operates the only merchandized diamond mine in India at Panna, MP. The company is diversifying into steel making and has undertaken several capital-intensive projects to modernise and increase capacities to retain its domestic leadership and has also forayed overseas successfully.As a responsible corporate citizen, NMDC contributed Rs.5.00crores to PM CARES Fund as its contribution in the fight against COVID-19 pandemic. NMDC provided a financial assistance of Rs.60.00lakhs to the District Administration, Bellary District, Karnataka for setting up COVID -19 treatment facilities in the District Hospital, Bellary. NMDC did the distribution of essential supplies to needy people residing around NMDC Projects, including kerosene to the migrant labour around its upcoming steel plant in Nagarnar. Company has spent Rs 199.99 Crores in CSR Activities.Their shareholding pattern include Promoters having 68.29% shares, FIIs having 4.63% shares, DIIs having 20.67% shares, Public having 6.31% and Government having 0.10% shares.For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 6932.75 Crore, up 55.40% from last quarter Total Income of Rs 4460.97 Crore and up 108.75% from last year same quarter Total Income of Rs 3320.95 Crore. Company has reported net profit after tax of Rs 2835.54 Crore in latest quarter. The result of NMDC is competent.