NMDC bags Platts Global Metals Award

Published on May 25, 2015 00:41:15 AM
Business

NMDC has bagged the Platts Global Metals Awards 2015 in ‘Industry Leadership Award - Raw Materials & Mining’ category in London. Narendra Kothari, chairman-cum-managing director of NMDC received the award. NMDC is the first Indian company to receive this award for its exemplary leadership in the Raw Materials and Mining Sector.

This award recognises the performance of NMDC in consistently delivering strong returns to shareholders, while improving environmental efficiencies, implementing technological advances and displaying a commitment to sustainable, forward- thinking solutions, challenges of the political and business environments.

Presently NMDC is producing more than 30 MT of iron ore annually with an Indian market share of about 20-25 per cent. NMDC plans opening of new iron ore mines to enhance iron ore production capacity aligning with the growth of the steel industry in India, value addition by opening of pellet plants, vertical integration by opening of steel plant, expansion and exploration of diamonds and gold production in India and abroad.