NMDC has received approval for incorporation of a Wholly-Owned Subsidiary (WOS) in International Financial Service Centre (IFSC), Gujarat International Finance Tec-City (GIFT), Gandhinagar, Gujarat, subject to approval of Ministry of Steel, DIPAM and any other authority as may be required. The Board of Directors of the company in its 579th Meeting held on August 12, 2025 inter-alia approved the same.
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.
