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National Mineral Development Corporation (NMDC), a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India is the single largest producer of iron ore in India. It owns and operates iron ore mines in Chhattisgarh and Karnataka and has its registered office at Hyderabad, Telangana.
NMDC Steel Limited has dispatched newspaper clippings regarding its 11th Annual General Meeting and remote e-voting procedures. Shareholders should track upcoming voting windows to participate in key corporate resolutions and governance decisions.
NMDC Steel Limited is convening its 11th Annual General Meeting. The meeting will be held virtually via video conferencing for shareholders to transact standard business.
NMDC Steel Limited announces Vivek Nishant Nath's appointment as Director (Commercial) to NMDC Limited's board for 5 years. He will also join NMDC Steel Limited's board in the same capacity.
Company achieved an annual net profit of 58.72 Cr on 13,641.81 Cr revenue, a significant reversal from prior losses. It repaid 523.80 Cr NCDs and 1,186.61 Cr term loans. Government's strategic divestment of 50.79% stake offers potential upside.
NMDC Steel Ltd. extended Shri Vinay Kumar's additional charge as Director (Commercial) for a further one year. Shri Kumar also holds the position of Director (Technical) at the company.