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NMDC signs MoU with IIT Kharagpur for drone-based mineral exploration

19 Mar 2022 Evaluate

NMDC has signed an MoU with IIT Kharagpur for drone-based mineral exploration. NMDC has been exploring minerals for six decades for a wide range of minerals such as copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands amongst others right from the reconnaissance G4 level to the detailed G1 Level of UNFC.

NMDC and IIT Kharagpur would develop spectral products, methods and algorithms for exploration using the Drone (UAV) for mining. The collaboration between NMDC and IIT Kharagpur would further lead to the development of software spectral tools for mineral excavation and capacity building programs on mining technology.

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 425.00
NMDC 73.80
Ashapura Minechem 491.45
Sandur Manganese 177.05
GMDC 487.05
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