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Company Information

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NMDC LTD.

12 August 2022 | 10:44

Industry >> Mining/Minerals

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ISIN No INE584A01023 BSE Code / NSE Code 526371 / NMDC Book Value (Rs.) 119.38 Face Value 1.00
Bookclosure 18/02/2022 52Week High 175 EPS 32.01 P/E 3.66
Market Cap. 34302.74 Cr. 52Week Low 100 P/BV / Div Yield (%) 0.98 / 12.59 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was incorporated on November 15, 1958 under the Companies Act as National Mineral Development Corporation Private Limited, a private limited company at Delhi.

The name of our Company was changed from National Mineral Development Corporation Private Limited to National Mineral Development Corporation Limited in terms of Section 21 of the Companies Act and the approval of the Ministry of Commerce & Industry, Department of Company Law Administration pursuant to letter no. 11(38)-SL(VI)/59 dated December 30, 1959. The fresh certificate of incorporation consequent on change of name was issued by the Registrar of Companies, New Delhi on January 5, 1960.

Pursuant to an order passed by the company law board, New Delhi dated September 24, 1973, the registered office of our Company was changed from the Union Territory of New Delhi to the State of Andhra Pradesh. The Registrar of Companies, Andhra Pradesh issued a Certificate of Registration of the Order of the Central Government Confirming Transfer of the Registered Office from Delhi to Andhra Pradesh on December 27, 1973.

Our Company became a deemed public limited company with effect from March 13, 1975 pursuant to the provisions of Section 43-A, Section 43 (1A) and Section 43 (1B) of the Companies Act and a new certificate of incorporation was issued on March 13, 1975.

Our Company was converted into a public company with effect from May 5, 1993. The fresh certificate of incorporation consequent on the conversion under Section 31/44 of the Companies Act was issued by the Registrar of Companies, Andhra Pradesh, Hyderabad, on May 5, 1993 changing the status of our Company to a public limited company.

Pursuant to a shareholders resolution dated August 31, 2007, the name of our Company was changed from National Mineral Development Corporation Limited to NMDC Limited under the provisions of Section 21 of the Companies Act, read with the Government of India, Department of Company Affairs, New Delhi, Notification No. G.S.R. 507(E) dated June 24, 1985 vide SRN A22211502. The Corporate Identity Number L13100AP1958GOI001674 and a fresh certificate of incorporation consequent upon such change of name were issued by the Registrar of Companies, Andhra Pradesh, Hyderabad, on September 17, 2007.

Changes in the Registered Office Our current Registered Office is situated at Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad - 500173 Andhra Pradesh, India.

The Registered Office of the Company was situated at 167, Golf Link, New Delhi, India and subsequent changes in the Registered Office are outlined in the table below:

Year                                            Change in address of the Registered Office
1960                                             70, Jor Bagh, New Delhi, India

1960                                             11, Parliament Street, New Delhi - 110 001 India

1961                                             1/6-B, Pusa Road, New Delhi - 110 060 India

1963                                             6/4 - B, Gangaram Hospital Marg, New Delhi - 110 060 India

1965                                             61, Ring Road, Lajpat Nagar - III, New Delhi - 110 014 India

1971                                             Mohan Singh Place, Irwin Road, New Delhi -India.

1972                                             B-35, Defence Colony, New Delhi - 110 013 India

1973                                             109, 109-A, First Floor, Surya Kiran Building, Kasturba Gandhi Marg, New Delhi - 110
                                                     001 India.

1974                                              Mukarramjahi Road, Hyderabad 500 001 Andhra Pradesh, India.

1977                                              Pioneer House, 6-3-653, Somajiguda, Hyderabad - 500 004 Andhra Pradesh, India.

1984                                              Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank Hyderabad - 500173 Andhra
                                                      Pradesh, India.
Certain corporate records and the prescribed forms filed with the relevant Registrar of Companies in respect of the changes in the registered office since incorporation of our Company cannot be traced. Please refer to the section titled "Risk Factors" on page xiii of this Red Herring Prospectus. Major Events and Milestones

Year                                                                                           Event

1958                                              Our Company was incorporated as a government company under section 617 of the Act.

1966                                              Acquired the Panna Diamond Project

1968                                              Commenced production of iron ore from Bailadila Deposit No.14.

1977                                              Commenced production of iron ore from Bailadila Deposit No.5.

1977                                               Commenced production of iron ore from Donimalai Iron Ore Mine.

1987                                               Commenced production of iron ore from Bailadila Deposit No.11C.

1989                                                Incorporated our subsidiary company J & K Mineral Development Corporation Limited' as a joint                                                                    venture  with J & K Minerals Limited, to explore and exploit the magnesite mine at Panthal and to                                                                  produce dead burnt magnesite.

1992                                               Equity Shares of our Company were split from Rs. 1000 per share to Rs. 10 per share.

1993                                               Our Selling Shareholder disinvested 2,130,000 Equity Shares of the Company to certain Institutional
                                                        Investors and other members of the public

1998                                                Conferred the Mini Ratna status by Department of Public Enterprise, Government of India, which                                                                  enabled our Board of Directors to exercise certain capital expenditure powers without reference to                                                               Government of India.

Year                                                                        Award/Recognition
1998                                                     Conferred the 'Miniratna' status which enabled the board of our Company to inter alia exercise                                                              certain capital expenditure powers without reference to the Government of India upto Rs.                                                                             30,000,000,000 or equal to their networth whichever is lower and to establish joint venture and                                                                    subsidiaries in India with the stipulation the stipulation that the equity investment of the public                                                                       sector enterprises should be limited to Rs. 1000,000,000 in any one project, should not exceed                                                                     5% of the networth of the public sector enterprise in any one project or 15% of the networth of the                                                                public sector enterprise in all joint ventures / subsidiaries put together.

2002                                                 Commenced production of iron ore from Bailadila Deposit No.10/11A.

2005                                                 Closed the operations of diamond mine at Panna as per the directives of the Madhya Pradesh 
                                                         Pollution Control Board
2007                                                          The research and development centre of our Company was certified, by Indian Register Quality                                                                   Systems, to conform to the Quality Management System Standard: ISO 9001:2000 for "design                                                                      and development of bulk material handling, slurry transportation and mineral processing                                                                    technology; development of mineral based new products". The certificate is valid until October                                                                    23, 2010.

2007                                                           The Bailadila Iron Ore Project Deposit 14 and 11C certified, by Indian Register Quality                                                                      Systems, to conform to the Quality Management System Standard: ISO 9001:2000 for "mining,                                                                     processing and supply of iron ore. The certificate was valid until November 14, 2009
                                                                     In order to renew the above certificate, a re-certification audit has been conducted by the                                                                           auditors of Indian Register Quality Systems from November 10, 2009 until November 13, 2009.                                                                     Our Company is seeking a fresh ISO 9001: 2000 Certificate of Approval.

2007 
-he Bailadila Iron Ore Project Deposit 5, 10 and 11A of our Company, certified, by Indian                                                                      Register Quality Systems, to conform to the Quality Management System Standard: ISO                                                                                9001:2000 for "mining, processing and supply of iron ore". The certificate was valid until                                                                      November 17, 
2009.
 In order to renew the above certificate, a re-certification audit has been conducted by the                                                                       auditors of Indian Register Quality Systems from November 14, 2009 until November 16,                                                                       2009. Our Company is seeking a fresh ISO 9001: 2000 Certificate of Approval.
Our Company is in the process of acquiring an Operational Health and Safety Standard ("OHSAS") 18001: 2007 certification from Indian Register Quality Systems for all activities related to "mining and processing of iron ore"for the Bailadila Iron Ore Mine of our Company situated at Kirandul.

In order to receive the above certificate, a BS 18001: 2007 certification audit has been conducted by the auditors of Indian Register Quality Systems from November 2, 2009 until November 4, 2009. Our Company is seeking the OHSAS 18001:2007 certification.

2008                                                 Accredited as the - Centre of Excellence - in the field of mineral processing by the Expert Group of                                                               United Nations Industrial Development Organisation (UNIDO).
2008 -Equity Shares of our Company were split from Rs. 10 per share to Re. 1 per share.

2008 -Declared a bonus in the ratio of 2:1 wherein our shareholders were allotted two bonus shares for every one share held in our Company.

2008 -Entered into a memorandum of understanding with Spice Metals and Minerals for the formation of a strategic partnership for planning, acquisition, development and management of metal and mineral projects outside India.

2008 -Incorporated a joint venture `NMDC-CMDC Limited' with Chhattisgarh Mineral Development Corporation Limited to develop Bailadila iron ore Deposit No. 13.

2008Conferred the Navratna status by Department of Public Enterprise, Government of India which enabled the Board of our Company to exercise certain enhanced capital expenditure powers withoutreference to Government of India.

2008 -Ventured into new area - Wind Energy. Seven units of Wind Electricity Generators having a capacityof 1.5 MW each have been commissioned.

2008 
-Conferred the 'Navratna' status which enabled the board of our Company to inter alia exercise                                                               certain capital expenditure powers without reference to the Government of India wherein the                                                               ceiling on equity investment to establish financial joint ventures and wholly owned subsidiaries in India or abroad shall be 15% of the networth of the public sector enterprise in one project limited to Rs. 10,000,000,000 subject to the overall ceiling of 30% of the networth of the public sector enterprise on such investment in all projects put together.
2008 -Achieved the first rank among the financial ranking of central public sector enterprises as per the survey carried out by Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises for the year 2007-08 on the basis of overall performance on financial and other parameters.

2008 -Awarded the Rajbhasha shield - 1st prize for the year 2007-08 of the Town Official Language Implementation Committee (undertakings) Hyderabad, Secunderabad, for excellent plementation of the official language policy amongst the public sector undertakings situated in twin cities.

-Company has changed its name from National Mineral Dev.corp.Ltd. to NMDC Ltd.                                                                  
                                            
2009   
                                               
-Recorded a turnover of Rs.75,640 million, profit after tax of Rs. 43,720 million and paid dividend of  221% to the shareholders of our Company.
-Re-opened its diamond mine at Panna after a gap of 4 years after the Supreme Court allowed the mine to operate.

-Entered into a memorandum of understanding with Steel Authority of India Limited for the                                                                              development of the Arki Limestone deposit for the supply of low silica high grade limestone primarily to the steel plants of our Company and Steel Authority of India Limited.
                                                
-Entered into a memorandum of understanding with the Department of Mines & Geology, Government of Jharkhand for carrying out geological exploration in Jharkhand for various minerals like iron ore, lime stone, bauxi.
                                            
-Received the first prize of the Government of India's Indira Gandhi Rajbhasha Shield for  implementation of the official language policy and progressive use of Hindi amongst the public                                                                     sector undertakings of region 'C' for the year 2006-2007.
-Awarded the Steel Ministry's Rajbhasha shield for excellent implementation of the official language policy and progressive use of Hindi amongst the public sector undertakings of region 'C' for the year 2007-2008.

-Accredited the CAPEXIL Award and Certificate for Top Exporter for the year 2008-09.
                                                   
-Accredited as one of the 'Fastest Wealth Creator' for the years 2004-2009 pursuant to the 14th                                                                   Annual Wealth Creation Study by Motilal Oswal Securities Limited dated December 17, 2009.
                                                
-The Bailadila Iron Ore Mine certified, by the Indian Register Quality Systems, to conform to                                                                           Operational Health and Safety Standard (OHSAS) 18001:2007 for all activities related to -                                                                            "mining, processing and supply of iron ore". This certificate is valid until December 23, 2012.
                                                      
-The Donimalai Iron Ore Mine certified, by Det Norske Veritas to conform to Operational Health                                                                     and Safety Standard ("OHSAS") 18001: 2007 certification for "mining and processing of iron                                                                         ore". The certificate is valid until December 17, 2012.
                                                      
- The Donimalai Iron Ore Mine certified, by Indian Register Quality Systems, to conform to the                                                                          Quality Management System Standard: ISO 9001:2000 for "mining, processing and supply of                                                                        iron ore". The certificate is valid until February 19, 2011.

2010                                                   
-Entered into a memorandum of understanding with the Department of Mines & Geology,                                                                                Government of Andhra Pradesh and Andhra Pradesh Mineral Development Corporation for the                                                                     exploration and exploitation of iron ore and gold in the State of Andhra Pradesh.
- State-run NMDC Ltd has inked a shareholders' agreement with Kopano Logistics Services to form a joint venture company for exploration and development of mines in South Africa.

2011

-NMDC gets green nod for Himachal limestone project

-NMDC as signed a Contract Agreement with consortium comprising Siemens VAI, Austria, SVAI India and NCC Ltd., for turnkey execution of a Sinter Plant.

-Nmdc has signed a Memorandum of Understanding (MoU) with Legacy Iron Ore Limited (Legacy), Australia to acquire 50% of the Company (Legacy) enabling NMDC's entry in the Australian resource sector.

-NMDC signs contact agreement for the Country's Largest Blast Furnace.

-NMDC Signs MoU with Minemakers Limited, Australia

2012

-NMDC signs Rs 509 cr contract with SEPC

-The Company has incorporated a Special Purpose Vehicle (SPV) Company by the name of NMDC Power Ltd.

-NMDC acquires 50% equity stake in Legacy Iron Ore Limited, Australia

-NMDC Signs Contract Agreement for Steel Melting Shop Package

-NMDC has incorporated a Joint Venture Company between NMDC and Jharkhand State Mineral Development Corporation Limited (JSMDC) by the name of Jharkhand National Mineral Development Corporation Limited (JNMDC)

2013 -NMDC is honoured with "Steelies - 2013 - Award for excellence in Project Management" NMDC Limited, Hyderabad has been conferred with "HR Leadership Award" at the Asia Pacific HRM Congress Awards 2013 -NMDC signs Memorandum of Understanding for Mineral Projects in Zimbabwe -NMDC inks agreement with Zimbabwe-based co for mineral projects in Africa

2014 -NMDC received "Most Valuable Company Award" in the Navaratna Category of India Today PSU Awards - 2014 -NMDC was awarded the "BT-Star PSU of the year Award for Outstanding Performance - among Maharatna and Navratna PSUs" -NMDC Contributes Rs. 25 lakhs for the Cause of Hudhud -NMDC acquiring 3,000 acres for Bellary steel plant

2015 -NMDC Ltd has incorporated a wholly owned subsidiary company by the name "NMDC Steel Ltd" for the purpose of transferring Iron & Steel Plant (NISP) into the newly formed subsidiary company -NMDC Ltd has signed Contract Agreements on Water Packages for its upcoming Steel Plant -NMDC recognized for its CSR Activities and Environment Management -NMDC Ltd has signed MOU with Govt. of India -NMDC has commissioned Bailadila iron ore deposit 11B in Dakshin Bastar district of Chhattisgarh with an investment of Rs 600 crore -NMDC Ltd has signed three different MoUs at Dantewada Chattisgarh -NMDC Ltd has bags the prestigious PLATTS Global Metals Award 2015 -NMDC Ltd has been awarded the India Pride Award -2015 in the metal and minerals and trade (including mining) category -NMDC Ltd has incorporated a wholly-owned subsidiary company Jharkhand Kolhan Steel Ltd.

2016 -NMDC has been awarded Ispat Rajbhasha Shield (First Prize) amongst PSUs of Ministry of Steel for implementation of Rajbhasha for the Year 2015-16. -NMDC was awarded the "Most Efficient PSU" Award -NMDC wins Governance Now PSU Award 2016 for strategic performance.

2017 -Three mines of NMDC have received 5 Star Rating". -NMDC Ltd. wins the Golden Peacock Corporate Ethics Award 2017. -NMDC signed MoUs for Research Co-operation Agreements with IMMT and IIT, Bhubaneswar -NMDC wins Dun & Bradstreet PSU Awards 2017. -NMDC receives SKOCH award (2017) in Cyber Security Category. -NMDC receives SCOPE Award at the International HR Summit - 2017.

2018

-Government has successfully divested 2.52 per cent of paid-up capital in National Mineral Development Corporation (NMDC) for an amount of Rs 1200 crore approx. (Rs. 980.05 crore from non-retail investors and Rs. 232 crore approx. from retail investors) through Offer for sale (OFS) mechanism.

-NMDC, NLC to ink MoU with Aussie firm ECT for R&D project

2019

-NMDC gets Mines Bureau approval for increasing production at Kumaraswamy mines

2020

-NMDC board approves up to Rs 1,378-cr buyback plan

2021

-Petronas awards dual FEED contracts for world\\\'s largest offshore CCS project

-NMDC signs MoU with India's DCI to expand in GCC and Africa