Rising Over Cycles

Profile
National Mineral Development Company (NMDC) is the single-largest iron ore producer and exporter in India. Iron ore production contributes 95 per cent of its current revenue. It has an ambitious plan of spending Rs 26,000 crore to transform itself into a “multi-faceted organization”. Besides ramping up investing in exploration, the company plans to create a foothold in the steel and power sector manufacturing. It also has diamond mines in Madhya Pradesh.

This article was originally published on October 29, 2009.