NMDC has signed Memorandum of Understanding (MoU) with Ministry of Steel, Government of India, pertaining to its performance for the year 2015-16.
The significant parameters of the MOU are Production and Sale of Iron ore including related Financials, Project Implementation, R&D efforts, environment monitoring, energy conservation, quality compliance, manpower productivity, human resource management and customer satisfaction.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.