Press Esc to close
Sunday 26 October 2014
News updated at 2:29 AM IST
Weather
Max: 22°C
Min : 21°C
In Bangalore
Partially cloudy

NMDC to raise capacity to 48 mt by FY '15

HYDERABAD, Sep 27, 2013, dhns:

NMDC wishes to increase its iron ore production capacity from about 32 (million tonnes) mt to 48 mt by 2014-15 NMDC Chairman and Managing Director C S Verma said at the company’s 55th Annual General Meeting held here on Wednesday.

Informing shareholders about the performance of the company during the year, Verma said, “I am happy to announce that the total dividend of 700 per cent on the paid up equity share capital for the year 2012-13 is the highest ever dividend payout made by the company in its history which shows our commitment towards maximisation of shareholders wealth.”

 He also informed about the increase of net worth of the company to Rs.27,505 crore as on 31 March 2013, 13 per cent higher than Rs 24,396 crore in the previous financial year.

He informed that NMDC is the second iron ore mining company in India and the first CPSE under the administrative control of ministry of steel to be included in CNX NIFTY Index on 1 April 2013.


Go to Top

Photo Gallery
Mrs. Komal Kalra Pagarani who is all set to represent India...

Mrs. Komal Kalra Pagarani who is all set to represent India...

Fire at Balaji Studio Killick Nixon Studios in Mumbai...

Fire at Balaji Studio Killick Nixon Studios in Mumbai...

Sikh religious warriors, display their horse-riding skills at an event organized to celebrate...

Sikh religious warriors, display their horse-riding skills at an event organized to celebrate...

Bollywood actor Shatrughan Sinha with his family during Amitabh Bachchan's Diwali party in Mumbai..

Bollywood actor Shatrughan Sinha with his family during Amitabh Bachchan's Diwali party in Mumbai..

Sachin Tendulkar and his wife Anjali with Abhishek Bachchan during Bachchans' Diwali party...

Sachin Tendulkar and his wife Anjali with Abhishek Bachchan during Bachchans' Diwali party...

Narendra Modi clicks photographs during the Diwali Mangal Milan programme at BJP headquarters...

Narendra Modi clicks photographs during the Diwali Mangal Milan programme at BJP headquarters...

Nitin Gadkari leaves after meeting RSS Chief Mohan Bhagwat at RSS headquarters in Nagpur...

Nitin Gadkari leaves after meeting RSS Chief Mohan Bhagwat at RSS headquarters in Nagpur...

Brother & Sister take holy dip in river Yamuna on the occasion of Bhai Dooj...

Brother & Sister take holy dip in river Yamuna on the occasion of Bhai Dooj...

Dhoni talks to Hockey India player Ashunta Lakra during launch of hockey team in Ranchi...

Dhoni talks to Hockey India player Ashunta Lakra during launch of hockey team in Ranchi...

Brother of Thailand's Prime Minister Payap Shinawatra takes part in Robe...

Brother of Thailand's Prime Minister Payap Shinawatra takes part in Robe...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523