Union Minister Jyotiraditya Scindia Unveils the New Logo of NMDC

On 3rd August, Union Minister of Steel and Civil Aviation, Sh. Jyotiraditya M. Scindia revealed the new logo of NMDC in New Delhi. The event witnessed the presence of Sh. Nagendra Nath Sinha, Secretary of the Ministry of Steel, Sh. Amitava Mukherjee, CMD of NMDC, and other officials from the Ministry of Steel and NMDC.

New Logo of NMDC – More in the News

• The unveiling of NMDC’s new logo marks its evolution and growth over the years.
• The earlier logo represented India’s journey towards self-reliance in the last 75 years.
• Now, the new logo reflects NMDC’s commitment to global-scale mining in an environmentally sustainable manner.

The Minister praised NMDC for its achievements, including record-breaking production up to July 2023 and crossing 40 MT of annual production last year. He emphasized NMDC’s vital role in realizing the National Steel Policy of creating a technologically advanced, globally competitive, and inclusive industry.

About the New Logo of NMDC

The logo embodies NMDC’s responsibilities towards mining in harmony with nature and people. It signifies the company’s dedication to mineral security, accountability, and promoting self-reliance in the mining sector.

• The new logo, called NMDC 2.0, retains the blue cog symbolizing the mining cycle, representing the company’s steadfastness and trust earned over the years.
• The hand cradling the earth at the center represents NMDC’s commitment to sustainable and responsible mining, as well as its global aspirations.
• The vibrant green color symbolizes growth, renewal, and harmony with nature.

About NMDC

National Mineral Development Corporation (NMDC) is an Indian public sector undertaking involved in the exploration and mining of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, coal etc. It is the single largest producer of iron ore in India and one of the largest producers of copper in the country.

• NMDC was incorporated in 1958 as a Government of India public enterprise.
• The corporation’s headquarters are located in Hyderabad, Telangana.
• NMDC has a number of subsidiaries, including Legacy Iron Ore Ltd., NMDC CSR Foundation, Sponge Iron India Limited, Nmdc Power Ltd, and NMDC-CMDC Limited.
• NMDC is a major contributor to the Indian economy.
• The corporation’s revenues in 2021 were ₹15,721 crores (US$2.0 billion).
• NMDC employs over 5,800 people and is one of the largest taxpayers in India.

NMDC’s stock is listed on the Bombay Stock Exchange and the National Stock Exchange. The corporation’s stock is considered to be a good investment due to its strong financial performance and its low valuation compared to its peers.