Press Esc to close
Saturday 20 December 2014
News updated at 8:26 AM IST
Weather
Max: 24°C
Min : 18.2°C
In Bengaluru
Generally 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
People takes protection against cold with woollens...

People takes protection against cold with woollens...

helicopter following a crash during the men's World Cup Downhill skiing...

helicopter following a crash during the men's World Cup Downhill skiing...

a migrant carries a tent trough a field...

a migrant carries a tent trough a field...

King penguins stand on the edge of their tank ...

King penguins stand on the edge of their tank ...

Mount Gamalama spews volcanic ash as it erupts...

Mount Gamalama spews volcanic ash as it erupts...

Kashmiri students wearing shrouds with red colour

Kashmiri students wearing shrouds with red colour

Staff dressed as Santa Claus try to squeeze into a car at a theme...

Staff dressed as Santa Claus try to squeeze into a car at a theme...

The VIP flyover wears a deserted look during Taxi strike in Kolkata...

The VIP flyover wears a deserted look during Taxi strike in Kolkata...

Children during a Christmas celebration at National Centre for Performing Arts ...

Children during a Christmas celebration at National Centre for Performing Arts ...

Hero Action Team during a cycling expedition at Kufri...

Hero Action Team during a cycling expedition at Kufri...

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