NMDC’s - wholly owned subsidiary - NMDC Power (NPL) has signed a Memorandum of Understanding (MoU) with IL&FS Energy Development Company (IEDCL), a subsidiary of IL&FS on August 21, 2013. The MoU is to set up a 500 MW (2x250 MW) Thermal Power Plant under joint venture (JV) at Gonda in state of Uttar Pradesh.
NMDC, India's top ore miner, accounts for about 15 per cent of iron ore mined in the country, with annual production capacity of 30 million tonnes.