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NMDC gets nod to transfer Bailadila Deposit-13 in favour of JV with CMDC: Report

13 Dec 2017 Evaluate

NMDC has reportedly received approval to transfer a top iron ore resource Bailadila Deposit-13 in favour of its joint venture (JV) company with Chhattisgarh Mineral Development Corporation (CMDC).

Earlier the lease deed of Deposit-13 was executed by NMDC on January 10, 2017 pursuant to lease grant order dated January 7, 2017. The transfer of lease from NMDC to the joint venture company NMDC-CMDC referred to as NCL was warranted as per the clause of the JV agreement and conditions in the lease grant order.

Accordingly, the Bailadila Iron Ore Dep-13 lease in village Kirandul, Tehsil - Bacheli, in South Bastar district Dantewada in Chhattisgarh has been registered in favor of NCL on December 4, 2017 subsequent to the state government order dated November 6, 2017.

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.

NMDC Share Price

88.81 -0.97 (-1.08%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 441.65
NMDC 88.81
GMDC 691.40
Sandur Manganese 213.50
MOIL 321.05
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