State-owned NMDC has retained its Navratna status after the annual financial performance review by the Inter Ministerial Committee (IMC).
The Navratna tag is crucial for NMDC for its modernisation and expansion plans as it lends flexibility to the management in taking decisions. On a scale of 100, NMDC scored 79 points. For the status, minimum score is 60.
The IMC evaluated NMDC based on six ratios - net profit to net worth, manpower cost to total cost of production, PBDIT to capital employed, PBIT to turnover, earnings per share and inter-sectoral performance.
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.
