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NMDC emerges as highest bidder for gold mine in Andhra Pradesh

30 Jul 2018 Evaluate

NMDC has emerged as the highest bidder for a gold mine located in Chittoor district, Andhra Pradesh through e-auction. The company and the state government will enter into Mine Development and Production Agreement once all the necessary permissions such as environmental clearances are obtained.

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 405.60
NMDC 68.66
Ashapura Minechem 417.35
Sandur Manganese 168.95
GMDC 422.40
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