NMDC Limited: Company History, Share Price, Mission & Growth Story

NMDC, incorporated in 1958 as a Government of India public enterprise, is India’s largest state-owned metal and mining company. The full form of NMDC is National Mineral Development Corporation. 

Since its inception, NMDC Limited has played a vital role in exploring a wide range of minerals, including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands, among others, in some of the most remote corners of the country. 

Its iron and steel operations are carried out through NMDC Steel Limited (NSL), which is a demerged entity that runs the 3 MTPA integrated steel plant at Nagarnar, Chhattisgarh.

NMDC Limited has steadily expanded its operations and influence, marking significant milestones in its journey and helping in building the physical and economic backbone of India.

As of 13 Jan, 2026, NMDC share price is ₹82–₹82.12, up by 2.10% from its previous price of Rs. 81.76.

Let us read more about the company! 

History of NMDC Limited

NMDC Limited is a Navratna, Schedule-A Public Sector Company under the administrative control of the Ministry of Steel and the largest producer of iron ore in India, having its Registered Office at Hyderabad, Telangana.

The company has built a legacy over six decades in responsible mining, and it is popularly known as Miners to the Nation. Its early operations focused on mechanised mining and exploration. 

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Production Capacity & Expansion

NMDC Limited’s operations include some of India’s most advanced iron ore mines in Chhattisgarh and Karnataka, as well as South-East Asia’s only mechanised diamond mine in Panna, Madhya Pradesh. The company produces over 45 MTPA of iron ore as of today. NMDC envisages having an iron ore production capacity of 100 MNT by FY30.

Core Operations

NMDC Limited produced 44.07 million tonnes of iron ore and sold 44.40 million tonnes in FY25, retaining its position as India’s leading iron ore producer. 

NMDC also produced around 6 lakh tonnes and exported 4.8 lakh tonnes of pellets under a conversion agreement with KIOCL. 

Recognition & Accolades

NMDC’s mining complexes have been rated 5 Star by the Indian Bureau of Mines & Ministry of Mines, a testament to their scientific and sustainable mining practices.

It also has its own R&D Centre in Hyderabad, which is recognised by UNIDO as a Centre of Excellence. 

NMDC has a legacy of meeting and surpassing the commitments and expectations of its stakeholders. Throughout its existence, NMDC has endeavoured to improve the lives of the communities it works with. 

Shri Amitava Mukherjee assumed office as the Chairman and Managing Director of NMDC Limited on March 6, 2025. Under his current leadership, NMDC has achieved the historic milestone of becoming the first iron ore mining company in India to surpass 45 million tonnes output in FY24.

NMDC Limited — Key Milestones

Category	Year / Period	Key Highlights
Incorporation	1958	Established as a government company
Acquisitions made	1965	Acquired the Panna Diamond Project
Projects Commissioned	1968 1977	Started Bailadila  Started Donimalai
Headquarters established	1984	Set up the NMDC Head Office in Hyderabad
Listed on the Stock Exchange	1993	NMDC Limited’s first public listing on the Madras Stock Exchange
Accolades won	2008	Achieved the Navratna status conferred by the Government of India
International foray	2023	Commenced first gold mining operations in Western Australia in collaboration with Legacy Iron Ore Limited
India’s largest iron ore producer	2024	Became the first Indian miner to pass 45 million tonnes (MT) of iron ore production in a single fiscal year.
Strategic production targeting	2025	Actively sought reservation of key iron ore mines across multiple states in India to scale to 100 MTPA by 2030

The equity shares of NMDC are listed on the Bombay Stock Exchange and the National Stock Exchange of India. 

What Does NMDC Limited Do? 

Known for its significant contributions to India’s steel and industrial sectors, NMDC Limited is a mining company involved in various aspects of mineral resource development, specifically in iron ore mining.

Its key activities include: 

• Iron Ore Mining: Producing high-quality iron ore for domestic and international markets. 
• Diamond Mining: Operates India’s sole mechanised diamond mine in Panna, Madhya Pradesh. 
• Mineral Exploration: Explores for other minerals like copper, limestone, and tungsten.
• Steel Production: Expanding into steel manufacturing with its own steel plant. 
• Sustainable Practices: Focuses on scientific and sustainable mining, with ISO & EMS accreditations for its mines. 

Conclusion 

At NMDC Limited, progress is rooted in responsibility. For over six decades, their journey has been defined by a commitment to scientific excellence in mining. 

By producing high-quality iron ore, NMDC Limited supports industries that manufacture steel for homes, vehicles, appliances and infrastructure, which are the fundamental components of India’s economic growth.

NMDC is dedicated to sustainable development with efforts that are channelled towards bringing smiles to all its stakeholders. 

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