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Of India for appointment of requisite number of Independent Directors on the Board of the Company. The Board of the Company has also been informed in this regard at regular intervals. Microsoft Teams is being used extensively to conduct virtual meetings, webinars. One conference room at HO and Donimalai have been revamped with large display, PTZ camera, Wi-Fi ceiling mics etc.

The price-earnings ratio is a company’s share price to the company’s Earnings per Share. The ratio is used for evaluating companies and to find out whether they are overvalued or undervalued. The price-to-book ratio is a company’s current market price to its Book Value.

Price History

Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. The Report on CSR inter alia, outlines details of CSR Policy and various CSR initiatives of the company for the year under review. During the year under review, two meetings of the Board level Risk Management Committee were held.

A JV null hypothesis definition (NMDC 60% & JSMDC 40%), Jharkhand National Mineral Development Corporation Limited has been incorporated at Ranchi. DMG, Govt of Jharkhand has granted PL for iron ore & Manganese in Sasangada NE area in favour of JNMDC Ltd for a period of 3 years. Due to delay in grant of forest permission, drilling could not be carried out in the lease period. As suggested by Ministry of Mines, Govt of India, JNMDC requested the Secretary, Dept of Industries Mines & Geology, GoJ, for reservation of Sasangada Iron ore and Manganese deposit under Section 17A of MM(D&R) Amendment Act 2015 for grant of Prospecting and Exploitation. The present proposal caters to increase in the efficiency, productivity, storage of historic data in easily retrievable format, improving reliability of operation, having diagnostics, centralized control and integration with other plants & ERP .

About the company

During one of the investigation, it was discovered that most of the new contractors visited the office to inquire about the empanelment procedure since they were unaware of its existence. The vigilance department suggested standardizing the format for empanelment across all projects and putting it in public domain. A study was conducted to evaluate the effectiveness of the current write-off technique for reconciling the handling losses against the issue of Motor Spirit and High-Speed Diesel at Projects. It was observed that the conventional method of recording and calculating the losses was incongruent with recent technological developments.

The vigilance department advised revising the internal circular on write-offs and employing an IT-based solution such as FMS to record fuel levels, or for receipt of fuel, etc. COVID-19 has thrown unprecedented challenges before us alongside Fear, Stress & Anxiety. Hindi week/fortnight was organized at NMDC Headquarters and all the projects and offices. During this, some Hindi competitions were held online and some with physical presence. CMDs messages were circulated through social media channels like Twitter, Facebook, YouTube.

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R&D centre undertakes works related to mineral processing, flow sheet development, mineralogical studies, material handling & storage, metallurgical studies of iron ore and coal, chemical analysis etc. It is a pioneer in the field of beneficiation and continuously working for development of dry beneficiation technology for different ores and minerals. It is endowed with state of art laboratory equipment to analyze different minerals, coals, metals and non-metals. For further details reference may be made to Annexure-II attached to the Directors Report. Your company was allocated 5 blocks (one iron ore block each in Jharkhand & Maharashtra; and 2 Gold blocks in Karnataka & 1 Gold block in M.P.) by MoM, Gol for G4 level exploration. Tripartite MoU among GoMP , MPSMCL & NMDC was signed for geological and geophysical exploration in various Districts of M.P.

M/s Hancock will invest and undertake the developmental works in Mt Bevan. After completion of the pre-feasibility studies, Legacy will have 29.4% stake in Mt Bevan JV. Legacy Iron holds significant interest in Mt Bevan, Magnetite project in Western Australia with 1.17 billion tonnes of JORC Inferred & Indicated resource (@30.6% Fe). Legacy Iron also has Gold, Base metals & Tungsten tenements in Western Australia. Legacy has 22 tenements-Iron ore , Gold , Base Metals and Tungsten .

• Granted working permission for reconnaissance survey for various minerals in Jabalpur, Katni and Mandla Districts and NMDC identified areas for Manganese, Ferro-Manganese and Bauxite for further exploration.
• On completion of the above activities, the SPV would invite for suitable investor/s, who would construct, develop and operate the steel plant.
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• Your company was allocated 5 blocks (one iron ore block each in Jharkhand & Maharashtra; and 2 Gold blocks in Karnataka & 1 Gold block in M.P.) by MoM, Gol for G4 level exploration.
• To augment the production and to improve the quality of product mix from Bailadila Sector, the schemes like SPIN Kirandul, New Crushing Plant of Dep.14 & 11/C and Downhill conveyor, additional screening lines in Bacheli, Rapid Wagon Loading System etc. are envisaged.

The said meeting was attended by all the Vigilance Officers posted at Head Office and Projects like Kirandul, Bacheli, Donimalai, Panna & NISP. Project-wise presentations were made and matters pertaining to vigilance inspections and system improvements recommended / implemented etc. were discussed. Few common matters were also discussed in open-house wherein all VOs exchanged their views and gave valuable suggestions. This situation calls for new strategies leading directly to the work space and centers of employees.

Company Financials

A long-term strategic management plan , Vision 2025 has been formulated which envisages an iron ore production capacity of 67 MTPA. This expansion plan includes brownfield expansion of existing mines and developing greenfield mines in partnership with Chhattisgarh Mineral Development Corporation. A joint venture of NMDC & CMDC is in process of starting operations from Dep-13 Iron Ore Mine in the Bailadila Region.

On the Inaugural day of VAW-2021, Integrity Pledge was administered to the https://1investing.in/ of NMDC at HO by CMD and by respective Project Heads / Regional Managers in the Projects and ROs respectively. For a high-performance organization, its imperative that these knowledge and skills are continuously replenished by virtue of imparting new age learning technologies. • NMDC strongly believes in a strong learning mechanism which can impart skills in a timely and effective manner and minimize the impact of the various threats posed by external forces and uncertainties. • At NMDC we have created high impact learning culture which reflects both in the rising size of the learning needs and its demands within the business as an important part of our future goals. • We believe that business sustainability has become a crucial component of long-term business goals.

It has been envisaged that the SPV being set up at these states would act as a facilitator and developer for the steel plant. It would acquire the required land, obtain statutory clearances for setting up the plant, organize water & power allocation for the site, along with dedicated raw material supply agreement. On completion of the above activities, the SPV would invite for suitable investor/s, who would construct, develop and operate the steel plant. The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. In terms of notification dated 5th June, 2015 and 13th June, 2017 issued by Ministry of Corporate Affairs, Govt. Of India, Government Companies have been exempted from applicability of some of the provisions /sections of the Companies Act, 2013 inter alia Sub-sections , & of Section 178 regarding appointment, performance evaluation and remuneration.

The proposal also includes supply and commissioning of E-House for automation & IMCC and is in approval stage and further implementation will be taken up after award of work. Site development works of Ore Processing Plant at Bacheli and Pellet Plant at Nagarnar are completed along with soil investigation studies. Works orders are already issued for packages like Main Receiving Substation, Slurry Pumping system, Slurry pipeline laying package, technological package of Pellet plant and Enabling works of Ore Processing Plant & Pellet plant and construction activities are in progress at site. Directing issuance of notice of meetings of equity shareholders and unsecured creditors of the Demerged Company.

In addition to this, workshops on E-Tendering and use of GeM Portal and Statutory compliances and Contract labour management were conducted as a part of VAW-2021. Awareness and sensitization programmes on use of PIDPI for employees, school / college children and other stakeholders were conducted at Head Office/ Regional Offices & all Projects. All the winners / participants of various activities / competitions were given away the prizes during the Valedictory Function held on the concluding day of VAW-2021 on 1stNov, 2021 at HO and all Projects. The contractors were empaneled for various types and values of works based on eligibility criteria at respective projects of the Corporation.

Pre-commissioning activity has been started with heating of Coke-Oven battery. MECON has been awarded with the job of O&M (Operation & Maintenance) of plant during commissioning and subsequent operation of the plant. Thrust to tap renewable energy sources, 1 MW capacity grid connected Roof Top Solar power plants are installed in various production units of NMDC (Bailadila Iron Ore Mine, Kirandul Complex & Bacheli Complex and Donimalai Iron Ore Mine, Donimalai Complex) and are in operation. With this, NMDC has joined other major corporates in harnessing solar power which has assumed a greater significance in recent times. Further tender for Supply, Installation, and Commissioning of 425 kWp Roof Top Solar Power Plant in Bacheli Complex, Dantewada, CG was also awarded in Feb-22.

NMDC has further taken initiative to venture into the fleet management system and it is being implemented in Bailadila Sector. Efforts are being made to install an automatic sampling & analysis system, vision enhancement system, conveyor monitoring system and 3D Volumetric and Laser Scanner System to enhance its digital strength. To augment the evacuation capacity from the Bailadila sector, many projects & schemes are being taken up like doubling of KK line, Rowghat- Jagdalpur line, Slurry Pipeline, etc. Doubling of KK line is being executed by Railways as deposit work is in full swing and few completed sections have been opened for traffic. Out of 150 km of planned doubling of railway line, 76% of work has already been completed & the project is likely to be completed by FY24. The completion of this project will augment the evacuation capacity of the Bailadila sector through the Railway line from 28 MTPA to 40 MTPA.

The system was initially supplied by M/s YASKAWA, Japan and is in operation till date and has become obsolete. The System was installed last year (FY 21-22) during rainy season and it was found that the vision for dumper operation needs further improvement. Accordingly, further intensive lab test and R & D activities have been undertaken for improvement in the system which will be tested during forthcoming monsoon in the month of July-Aug22.

In this line, keeping under the ambit of ERP-SAP implementation in NMDC, Corporate HRD working on the SAP Learning Solution Module which paves the way for this development. It opens up new learning possibilities for learners, trainers, companies, and educational institutions. Lifelong learning is a challenge that learners, employees, and employers are equally faced with.

The only difference is that NISP is being developed and constructed within NMDC Limited as opposed to being developed in an SPV. Also, NMDC Vision 2025, whilst mentioning forward integration has specifically stated that its role would be that of a developer for steel plants and at suitable time invite investors to commission and operate the plants. NMDC is therefore considering proposed scheme to add more value to Companys stakeholders by demerging NISP into a separate company and subsequently inviting investors. Oaktree Specialty Lending Corp share price live 18.880, this page displays NASDAQ OCSL stock exchange data.

The Board of Directors at its 532nd meeting has inter alia accorded in-principle approval for demerger of NMDC Iron & Steel Plant , Nagarnar. Your Directors are pleased to present the 64th Annual Report on the performance of your Company, together with the Audit Report and Financial Statements for the year ended 31st March 2022 and the Report thereon by the Comptroller and Auditor General of India. Oaktree Specialty Lending Corporation shares has a market capitalization of $ 1.575 B. Your Directors acknowledge the support extended by the valued and esteemed international and domestic customers, Shareholders stakeholders, MMTC, Chennai Port Trust, Visakhapatnam Port Trust, Railways and other Departments of the Central and State Governments. We believe that oui long-term success is dependant on our domestic customer relationship and responsiveness. We will do everything possible to provide our customers better, timely and value added services.

Waste mining and increase in evacuation capacity being a major area of focus for enhancing the life of mines, the schemes like beneficiation plant at Bacheli & Kirandul and Slurry pipeline from Bacheli to Nagarnar has been taken up. The decision to construct the NISP was taken keeping in view with linkage with iron ore reserves and availability of investable surplus. NISP has progressed significantly further than the other Steel SPVs.