About NMDC

• National Mineral Development Corporation (NMDC), a Navratna Public Sector Enterprise under the Ministry of Steel is the single largest producer of iron ore in India. 
• It was incorporated in 1958 as a Government of India public enterprise.
• Since inception, the corporation has been involved in the exploration of a wide range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands amongst others in some of the most remote corners of the country.
• NMDC has its own R&D Centre at Hyderabad which is recognized as a Centre of Excellence by United Nations Industrial Development Organization (UNIDO). 

Why in News?

• The National Mineral Development Corporation (NMDC) is paving the way towards becoming a 100 Million Tonnes (MT) mining company. The Ministry of Steel said the Corporation has reported record-breaking production for the period up to the last month, and delivered record performances in Fiscal Year 2023-2024 so far. 
• The company produced 13.15 million tonnes and sold 14.18 million tonnes of iron ore till the last month, showing a year-on-year growth of 20 per cent and 33.5 percent in production and sales respectively.

https://newsonair.gov.in/News?title=National-Mineral-Development-Corporation-paving-the-way-towards-becoming-100-Million-Tonnes-mining-company%3a-Steel-Ministry&id=465379