N. Baijendra Kumar, CMD, NMDC, is in the midst of implementing Vision 2025, which envisages higher capacity, strengthened exploration, forward integration, diversification and investments in other geographies
What are the current and future greenfield and brownfield expansion plans? How will it change NMDC by 2025 ?
NMDC has formulated a strategy to meet the enhanced iron requirement by increasing its capacity in tune with the National Steel Policy 2017. Accordingly, NMDC Vision 2025 lays down the objectives for the growth agenda as: increase iron ore mining capacity; strengthen exploration; forward-integrate to value added business (pellet and steel); strategically diversify into other commodities; invest in other geographies selectively based on “mining potential” and “business environment”.
NMDC has planned to increase its iron ore mining capacity to 67 MTPA by FY’22. This will help in fulfilling the raw material requirement of the country to meet 300 MT steel in coming future. NMDC has two...