Moneycontrol
SENSEX NIFTY
NMDC > Company History > Mining & Minerals > Company History of NMDC - BSE: 526371, NSE: NMDC
YOU ARE HERE > MONEYCONTROL > MARKETS > MINING & MINERALS > COMPANY BACKGROUND - NMDC

NMDC

BSE: 526371|NSE: NMDC|ISIN: INE584A01023|SECTOR: Mining & Minerals
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Aug 22, 16:00
121.85
0.55 (0.45%)
VOLUME 173,472
LIVE
NSE
Aug 22, 15:55
121.90
0.65 (0.54%)
VOLUME 2,556,190
Array
Company History - NMDC
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 orefor 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
 
Source :
Quick Links for NMDC
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.