Team News Riveting
Raipur, October 1
The Chairman-cum-Managing Director of the National Mineral Development Corporation Ltd. (NMDC), Sumit Deb asserted that the state-run miner had dexterity to meet the iron ore demand.
Deb was speaking at the 63rd AGM of the NMDC held yesterday during which he shared highlights of its spectacular performance achieved during very difficult times. Addressing the gathering via video conference, Deb said that the pandemic had accelerated some key trends that would bring about a shift in steel demand.
“The iron and steel industry will see exciting opportunities from rapid developments through digitalisation and automation, infrastructure initiatives, reorganisation of urban centres and energy transformation. At NMDC we have the required operational agility to absorb the cyclical volatilities in the iron ore and steel sector and stay ahead on a growth trajectory,” Deb said.
The NMDC CMD also shared many records set by the NMDC team during the financial year 2020-21 including a record turnover of Rs 15,370 crores, the highest since the company’s inception.
As India’s largest iron ore miner, NMDC was prepared to meet the unexpected surge in domestic demand and was further supported by the Government’s proactive measures for a quick recovery.
Deb pointed out that record production and sales had also been achieved by the NMDC team not spared by the pain of a tough second wave of this pandemic. During the financial year NMDC achieved its highest ever production of 34.15 MT (million tonnes) and sales of 33.25 MT.
He Deb also stresses on the digital transformation of the company. The digital transformation at NMDC will include a fleet management system, automatic sampling, vision enhancement systems to avoid accidents under foggy weather and 3D volumetric laser scanners, improving productivity and enhancing operational safety.
