NMDC - Business News Week

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Steel Secretary Visits NMDC’s New State-of-the-art R and amp;D Centre

Jul 6, 2024 by Mansi 0 Comments #NMDC, #Shri Amitava Mukherjee, #Shri Nagendra Nath Sinha, #UNIDO

Hyderabad, July 6, 2024: Shri Nagendra Nath Sinha, Secretary, Ministry of Steel, visited NMDC’s new state-of-the-art Research and Development (R&D) facility in Patancheru, Hyderabad today.

The Steel Secretary reviewed the innovations, sustainable mineral processing technology, and future roadmap of the Research and Development wing. He was accompanied by Shri Amitava Mukherjee, CMD (Additional Charge); Shri Vinay Kumar, Director (Technical); Shri V Suresh, Director (Commercial); Shri B Vishwanath, CVO and senior officers from NMDC.

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Speaking to the officers, Shri Nagendra Nath Sinha said, “NMDC’s R&D Centre will mark a new chapter in the field of mineral exploration and development, creating opportunities for sustainable and innovative technology to thrive. This leading-edge facility should serve as a gateway for international and domestic collaborations while bringing a futuristic approach to the Indian mining industry.”

Contributing to the field of mineral processing since 1970, NMDC R&D has been recognized as a Centre of Excellence by both UNIDO and DSIR for its knowledge and technology transfer to the domestic and global industry.

“NMDC strives to stay ahead of the curve by embracing innovation and building an ecosystem that empowers Responsible Mining. Our new R&D facility houses cutting-edge technology and is manned by a team of experts, committed to bring game changing interventions in ore beneficiation and mineral processing technology,” said Shri Amitava Mukherjee.

In its standing as the nerve centre of the industry, the Centre will serve as a hub for collaboration with leading academic institutions and industry experts. NMDC R&D is poised to support the mining and metallurgy industry players from both private and public sectors, paving the way towards a ‘Viksit Bharat’.

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StoxBox’s Earnings Powerhouses: 7 Stocks on the Rise

Jun 20, 2024 by Gayathri Pariti 0 Comments #2024 edition of StoxBox's Techno Funda report, #7 Stocks on the Rise, #Cummins India, #Indian Railway Finance Corporation, #NMDC, #StoxBox's Earnings Powerhouses

In the latest June 2024 edition of StoxBox’s Techno Funda report, investors are presented with a compelling lineup of seven stocks poised to deliver substantial returns based on rigorous technical and fundamental analysis.

1) Cummins India

– Cummins India with a diverse portfolio, including diesel and alternative fuel engines, is well-positioned for growth, focusing on future technologies like battery packs, electric power generation, and hydrogen fuel cells. It targets significant growth, with a current market price of ₹3680 and a target price of ₹4001, signalling strong potential for investors.

2) GAIL (India)

– GAIL is the market leader in the transmission of natural gas in the country. Following a positive sector outlook and bullish technical analysis, GAIL’s stock shows potential for short-term gains, currently priced at ₹217 with a TP of ₹236.

3) Indian Railway Finance Corporation (IRFC)

– The non-banking financial company (NBFC) emphasizes its reliability through strong financial health and asset quality. It is currently priced at ₹173 with a target price of ₹189, supported by positive technical indicators.

4) Info Edge (India),

– The company renowned for Naukri.com is emerging as a standout in the digital economy space. It is poised for growth with solid financials and optimistic market projections. With a current market price (CMP) of ₹6200 and a target price (TP) of ₹6740, Info Edge presents an attractive opportunity for investors looking for long-term growth.

5) NMDC

– They are a leading iron ore producer and anticipate growth driven by strong market conditions. This is supported by bullish technical indicators and a current market price (CMP) of ₹262 with a target price (TP) of ₹287.

6) Olectra Greentech

– The company specializing in electric buses is poised to benefit from the increasing adoption of electric vehicles. It is backed by strong technical signals and has a positive outlook in the sector. With a current market price (CMP) of ₹1730 and a target price (TP) of ₹1925, Olectra shows potential for significant appreciation.

7) Siemens

– With its diverse industrial portfolio, Siemens is well-positioned to benefit from industrial growth and technological advancements. Priced at ₹7320 with a TP of ₹8040, Siemens rounds out the portfolio with a robust uptrend supported by bullish technical analysis.

StoxBox presents compelling opportunities for both short-term gains and long-term growth, backed by comprehensive technical analysis and strong fundamentals. Investors keen on maximizing their portfolio potential in the current market climate would find these picks well-aligned with their investment objectives, offering a balanced mix of stability and growth prospects across diverse sectors.

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Spectacular NMDC Exhibition at DPE’s AzadiKaAmritMahotsav Mega Show

Jun 10, 2022 by Praveen 0 Comments #AzadiKaAmritMahotsav, #NMDC

The largest iron ore producer of India, NMDC is participating in the Department of Public Enterprises (DPE) Exhibition to celebrate the ongoing AzadiKaAmritMahotsav(AKAM) at Mahatma Mandir Convention and Exhibition Center, Gandhinagar, Gujarat from 9^th to 12^th June, 2022. Smt Nirmala Sitharaman, Honourable Union Minister of Finance & Corporate Affairs and Shri Bhupendrabhai Patel, Chief Minister of Gujarat inaugurated the exhibition on ‘Nation Building and CPSEs’ where 75 CPSEs including NMDC showcased their achievements towards nation building.

The NMDC pavilion was inaugurated by the company’s Director (Finance) Shri Amitava Mukherjee. The stall was a display of NMDC’s major achievements of 42 million tonnes iron ore production, the company’s transformational digital journey, and investment in building the social capital of its host communities. In the honour of 75 years of independence, NMDC is organizing activities and campaigns to engage people in celebrating AzadikaAmritMahotsavas a Jan-Utsav in the spirit of Jan-Bhagidari.

In the backdrop of the Smart Cities Mission of India@75, NMDC also commissioned a Solid and Liquid Resource Management (SLRM) Center at its BIOM Bacheli Complex today. This initiative to reuse and recycle waste aims to make Bacheli a garbage-free town and harness technology for smart outcomes.

Congratulating team NMDC for its excellent display at the exhibition, Shri Amitava Mukherjee said, “NMDC’s endeavor to build a robust digital infrastructure is in line with the motive of the Finance Ministry’s Iconic Week. Our lighthouse digital initiative will boost production, ensure mineral security, and is a tribute to India@75.”

Speaking on the occasion, Shri Sumit Deb, CMD, NMDC said “CPSEs have played a pivotal role in the growth story of our nation and this iconic AzadikaAmritMahotsav celebration is befitting. NMDC is devoted to building a self-reliant and steel solid future for India. It is a moment of pride for us to be a part of this mega show.”

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NMDC – The Eco-Friendly Miner celebrates World Environment Day 2022

Jun 6, 2022 by Praveen 0 Comments #Eco-Friendly Miner, #NMDC, #World Environment Day

India’s eco-friendly miner, NMDC celebrated the World Environment Day 2022 on the keynote of ‘Only One Earth’ at its Head Office in Hyderabad today. Shri Mukesh Khare, Professor at the Indian Institute of Technology, Delhi was the Chief Guest for the event with Shri Vineet Pandey, CVO, NMDC as the Guest of Honour. NMDC’s ED (Production and Safety) Shri B. Sahoo, ED (Commercial) Shri A.K. Padhy, CGM (Resource Planning and Environment) Shri M. Jayapal Reddy and senior officials were also present.

A global environment expert and among the top researchers on air pollution concerns in India, Professor Khare praised NMDC’s vision on Sustainable Mining Objectives of the company and said, “The mining major’s decades of commitment towards the environment and the community is building a robust ESG framework. In the future, the miners and engineers should look at an economic, engineering efficient, and ecology conscious approach to mining.”

NMDC has built a sturdy afforestation programme and has planted over 3.0 million trees in and around its projects. Reiterating NMDC’s resolve towards reforestation, Shri Vineet Pandey said, “We mine in ecologically sensitive areas and it is our duty to restore the mines back to their natural state. The theme ‘Only One Earth’ has been relevant for 50 years and will continue to find relevance in our future.”

NMDC’s mining complexes have earned a 5 Star Rating from the Indian Bureau of Mines for their responsible mine and resource planning. Contributing to the Government of India’s push towards Green initiatives, the company has invested in renewable power generation, practices zero-waste mining, and is laying a 15 MTPA slurry pipeline for environment-friendly ore transport.

Wishing his employees a happy Environment Day, NMDC CMD Shri Sumit Deb said, “The phrase ‘Eco-Friendly Mining’ is typically an oxymoron but we have been able to transcend this with environment conservation at the core of our business. With being the largest iron ore producer of India, NMDC plays a pivotal role in embracing and advocating eco-friendly mining.”

On the occasion of World Environment Day 2022, Shri B. Sahoo led the employees to take an oath to contribute to environment conservation and healing. NMDC employees received Jute Bags, Clay Bottles, Biodegradable Pens, and plants. The Environment Department of NMDC also conducted essay writing and elocution competitions on May 23, 2022 and the winners were felicitated today.

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NMDC records continuous growth in Production

Jun 2, 2022 by Praveen 0 Comments #NMDC, #Production

Continuing on the growth trajectory, mining major NMDC produced 3.2 Million Tonnes (MnT) and sold 2.65 MnT in the second month of FY23.

Iron ore production in May 2022 was 14.3% higher than the 2.8 MnT produced in May 2021. NMDC’s cumulative production upto May 2022 stood at 6.35 MnT, a 7.4% growth from the cumulative production of 5.91 MnT upto May 2021. The largest iron ore producer of India sold 5.77 MnT in FY23, upto May 2022 this fiscal.

Congratulating his team on this performance, Shri Sumit Deb, CMD, NMDC said, “Our consistent growth in production has not only made NMDC the fastest growing iron ore mining company in India but also the most consistent supplier to domestic steel sector. We have strengthened our core by welcoming a fleet of new age technology and digital interventions to our business.”

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NMDC Celebrates 73rd Republic Day

Jan 27, 2022 by Gouri 0 Comments #Amitava Mukherjee, #Dilip Kumar Mohanty, #Khanij Bhavan, #NMDC, #NMDC Impact League, #Somnath Nandi, #Sumit Deb

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Hyderabad, January 26, 2022: NMDC, the largest iron ore producer of the country, celebrated the 73rd Republic Day with patriotic fervour at its Head Office and Projects, duly adhering to the COVID guidelines. Shri Sumit Deb, CMD, NMDC hoisted the National Flag at Khanij Bhavan, Hyderabad and addressed NMDC employees. Shri Amitava Mukherjee, Director (Finance); Shri Somnath Nandi, Director (Technical); and Shri Dilip Kumar Mohanty, Director (Production) and other employees of the company were also present on the occasion.

In his Republic Day address, Shri Sumit Deb said, “As our country braces up to become a global leader in the iron and steel sector, NMDC will continue to mine a better future for India. Reaffirming the company’s commitment to the nation and its constitutional values, he said “NMDC’s social initiatives to empower the citizens of India do not emerge from statutory obligations, but from a sense of duty and compassion.”

On this occasion, Shri Deb launched the NMDC Impact League and revamped the (new look) NMDC website.
The NMDC Impact League is a walk / run challenge App for the employees and their family members, which has been developed as part of the ongoing Azadi ka Amrit Mahotsav and Fit India Movement. The App provides an opportunity to employees and their family members to support the CSR initiatives of the company. In a gamified journey to fitness, the Impact Run App will enable the employees and their family members to virtually raise funds for the social initiatives of NMDC.

The company’s new website hosts a comprehensive overview of the company with an engaging interface for the stakeholders, which allows them to have the desired information about the company at the click of the mouse.

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