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NMDC receives nod for diamond exploration in Andhra Pradesh

05 Aug 2016 Evaluate

NMDC, a state-owned miner,  has received an approval for diamond exploration in state of Andhra Pradesh. The Centre’s forest panel has given its permission to the company to enter into Kalyandurg forest range in Ananthapur district, Andhra Pradesh for carrying out diamond exploration.

The Forest Advisory Committee (FAC) -- the apex body in the Union Environment Ministry that approves or rejects proposals for diversion of forest land -- examined the proposal in the recent meeting. The company will drill 64 bore holes for diamond exploration in 153 hectare area in Ananthapur district.

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.


Peers
Company Name CMP
Coal India 411.85
NMDC 74.30
Ashapura Minechem 503.65
Sandur Manganese 183.15
GMDC 491.85
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