Sunday , October 24 2021

NMDC creates separate department for global activities

NMDC has created a separate department ‘NMDC Global’ to use international opportunities of acquisition of mineral assets and strategic tie-ups on emerging technologies. The company is also focusing on increasing its geographic foothold globally.

The company currently has presence in Australia, Mozambique and Tanzania, and is also looking to diversify into strategic and critical raw materials. It is also looking at other emerging opportunities in key minerals which has potential to deliver the long-term benefits to the company and the country.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.

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