NMDC sets first-of-its-kind mining vertical with transformation and innovative technology

The nation's largest iron ore producer, NMDC (National Mineral Development Corporation), has established a new vertical dedicated to innovative technological advancements. Recently, the ‘Transformation and Innovation’ vertical was introduced in its Hyderabad head office, marking a new chapter in NMDC’s storied legacy, a move that signifies not just change but a bold leap into the future.

Since its inception in 1958, NMDC has symbolized resilience and growth. However, the dynamic industrial landscape demands continuous improvement. Recognizing these evolving needs, NMDC’s leadership envisioned a dedicated department to foster a culture of innovation, enhance adaptability, and enable faster decision-making.

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The Transformation and Innovation vertical will act as the engine driving NMDC’s Vision 2030 of achieving a 100 MnT production capacity, translating ambitious aspirations into actionable outcomes.

The team will consist of six executives, including two deputy GMs and three assistant GMs, and will be led by a chief GM. Moreover, this one-of-its-kind vertical will be responsible for the concept of commissioning specific projects to be implemented in the Public Private Partnership (PPP) model.

NMDC aims to leverage private sector expertise, share capital investment, and establish long-term operational efficiencies. This collaborative approach is expected to reduce risks and accelerate the progress of NMDC’s expansion targets.

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From conceptualizing new schemes, overseeing tendering activities, and monitoring project execution, the department will focus on transformative projects and continuous improvements.

As a responsible mining company, NMDC views this new department as a catalyst for positive change. The projects that will be covered in the next 3-5 years will entail an investment of Rs 8,000 crore to Rs 10,000 crore.

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