NMDC Limited, formerly known as National Mineral Development Corporation, is a **fully government-owned entity** under the Ministry of Steel, founded in **1958**. The company stands as **India's largest iron ore producer and exporter**, producing more than **45 million tonnes of iron ore** annually from three mechanized mines in Chhattisgarh and Karnataka. NMDC is classified as a **Navratna Public Sector Undertaking (PSU)** under the administrative control of the Ministry of Steel, Government of India.
As a leading player in India's mining sector, NMDC has established itself as a critical supplier of iron ore to the country's steel industry. The company is headquartered in Hyderabad, Telangana, India, and has been instrumental in meeting India's growing demand for iron ore while also contributing significantly to the country's export earnings.
NMDC is involved in the exploration of a range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten, and beach sands amongst others. The company's primary focus remains on **iron ore production**, which forms the cornerstone of its business operations.
The company owns and operates mechanized iron ore mines in Chhattisgarh and Karnataka. It primarily holds interests in the Bailadila iron ore mines located in Kirandul Complex and Bacheli Complex, Chhattisgarh, and Donimalai iron ore mines located in various regions, including Donimalai and Kumaraswamy, Karnataka. The company is producing over **40 million tons per annum (MTPA)** of iron ore from its iron-producing units, such as the Bailadila Sector in Chhattisgarh and Donimalai in the Bellary-Hospet region in Karnataka.
Beyond iron ore, NMDC also operates a mechanized **diamond mine at Panna, Madhya Pradesh**, making it the only mechanized diamond mine in the country. The company has also diversified into other value-added products, including sponge iron and pellets, and generates and distributes solar and wind power.
NMDC currently commands a **market capitalization of ₹60,470 Crore** as of July 2025, reflecting its significant position in India's mining sector. The company has demonstrated strong financial performance, with a **revenue of ₹23,906 Crore** and a **profit of ₹6,531 Crore** for the most recent fiscal year.
For the **third quarter of FY2025**, NMDC's revenue jumped **20.82% year-over-year to ₹6,942.92 Crore**, while net profit surged **26.82% year-over-year to ₹1,881.96 Crore**. The company maintained a healthy net profit margin of **27.11% in Q3 FY2025**, demonstrating efficient operations and strong pricing power.
For **Q4 FY2025**, NMDC's net profit was **₹1,477.68 Crore**, representing a 4.6% increase from the same period last year. The company has maintained a good **dividend yield of 3.51%** and has been maintaining a healthy dividend payout of 39.0%.
NMDC has reported a **6% year-on-year increase in its iron ore production for June 2025**, with total output reaching **3.57 million tonnes** compared to 3.37 million tonnes in June 2024. The company continues to demonstrate operational efficiency and growth in its core mining operations.
Recent operational developments include record iron ore production and sales for May 2025, alongside plans to invest **₹70,000 Crore for expansion**. The company has also implemented strategic pricing adjustments to maintain profitability in varying market conditions.
The Government of India maintains a promoter holding of **60.8% in NMDC**, reflecting the strategic importance of the company to India's mineral security. The equity shares of NMDC are listed on the Bombay Stock Exchange and the National Stock Exchange of India.
The company is led by Chairman and Managing Director **Amitava Mukherjee**. Recent governance developments include the appointment of Shri Achal Sinha as Non-Official Independent Director for three years from July 3, 2025, and the appointment of G. Anupama as Whole Time CFO from July 3, 2025.
NMDC has expanded its footprint beyond India through strategic international investments. In Australia, **Legacy Iron Ore**, a majority-owned NMDC company, holds majority stakes in gold and iron ore projects in Western Australia. In 2023, NMDC started exploring for **Lithium reserves** in the company's majority-owned Mount Bevan mine in Australia.
NMDC is set to establish a fully owned subsidiary, **NMDC Global, at GIFT City, Gujarat**, to facilitate overseas investments in various mineral assets, with the company aiming to explore acquisitions in critical minerals globally.
NMDC's subsidiaries include Legacy Iron Ore Limited, J & K Mineral Development Corporation Limited, NMDC Power Limited, Karnataka Vijaynagar Steel Limited, Jharkhand Kolhan Steel Limited, NMDC SARL, and NMDC CSR Foundation. This diversified portfolio allows the company to leverage synergies across different mineral sectors and geographical regions.
The company has also made significant investments in the steel sector through its subsidiary **NMDC Steel Limited**, which owns and operates a state-of-the-art 3.0 MTPA steel plant at Nagarnar, Chhattisgarh.
NMDC continues to position itself as a comprehensive mining and metals company, leveraging its strong operational foundation and government backing to pursue growth opportunities in both domestic and international markets. The company's strategic focus on expanding production capacity, operational efficiency, and diversification into critical minerals positions it well for future growth in India's evolving industrial landscape.
