NMDC has set a target of Rs 13,500 crore in turnover for FY16. The company has signed a pact with the government according to which it has also set a production target of 350 lakh tonnes in the current fiscal.
According to the agreement, the country’s largest iron ore miner will make a capital expenditure of Rs 3,767 crore in the 2015-16 fiscal. The company has set a gross operating margin target of Rs 9,450 crore. Its turnover in the 2013-14 fiscal was Rs 12,058 crore.
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.
