In a bid to make use of satellite-based geological mapping capability for mineral exploration, NMDC has signed memorandum of understanding (MoU) with Indian Space Research Organisation (ISRO). With this MoU, NMDC becomes the first company under the Ministry of Steel to use satellite-based geological mapping.
Under the memorandum, the iron ore major will establish a Remote Sensing and GIS Laboratory at its head office in Hyderabad for interpretation of satellite data.
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.
