NMDC, iron-ore mining major, is planning to deploy a capital expenditure of about Rs 2500 crore in the current financial year, up 25% over the Rs 2,000 crore deployed in FY 2018, in various ongoing projects. As the company plans to up mining capacity from 45 MT to 67 MT in 2022, it is looking at value-addition projects playing a bigger role in its overall business plans.
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.
