NMDC, the state-owned miner is planning to expand its diamond operations. In this regard, the company will invest Rs 150-200 crore on capex plans over the next year-and-a-half. The company operates the only mechanized Diamond Mine in Asia at Panna, Madhya Pradesh, with a capacity to produce one lakh carats per annum.
However, the company is better known as India's single largest iron ore producer. At present, the company produces about 30 million tonnes of iron ore from 3 fully mechanized mines two in the state of Chhattisgarh and one in Karnataka.
