Your Directors are pleased to present the 67^th Annual Report on the performance of your Company, together with the Audit Report and
Financial Statements for the year ended 31^st March 2025 and the Report thereon by the Comptroller and Auditor General of India.

1.0 STATE OF COMPANY AFFAIRS &
PERFORMANCE HIGHLIGHTS

During the year under review, the Company has recorded
turnover of H 23,668 crore, achieved Profit Before Tax
(PBT) of H 9,296 crore and achieved Profit After Tax (PAT)
of H 6,693 crore.

The major performance highlights are
summarized as under:-

•    The Company achieved production of 44.07 MT
as compared to 45.02 MT during the previous year
thereby recording decrease of 2.11%. Further, the
Company recorded sales of 44.40 MT as compared to
44.48 MT during previous year.

•    Turnover for the year under review was H 23,668
crore as against H 21,294 crore in previous
financial year 2023-24. ¹

•    Profit Before Tax (PBT) after exceptional item including
discontinuing operations was H 9,296 crore compared
to H 8,012 crore in the previous financial year 2023-24.

•    Profit After Tax (PAT) was H 6,693 crore compared to
H 5,632 crore in the previous financial year 2023-24.

•    Net worth of the Company stood at H 29,579 crore
as on 31.03.2025 i.e., an increase of 16.43% as
compared to previous financial year 2023-24.

•    The Company declared an interim dividend of

H 2.30 per share in March 2025 and the same was
paid to shareholders within the prescribed timelines.
Further, the Company has also recommended Final
Dividend of H 1.00 per share for financial year 2024-25
subject to approval of the shareholders in the Annual
General Meeting.

•    Capital expenditure of H 3,715 crore (including

H 150 crore incurred towards doubling of KK Line
from Kirandul to Jagdalpur) was incurred during the
year under review.

2.0    PHYSICAL PERFORMANCE

2.1    Production

3.0 SALES OF IRON ORE

3.1 Other Sales

4.0    FINANCIAL PERFORMANCE

4.1    Operating Results

* NMDC had come up with bonus issue in the ratio 2:1 during FY 2024-25. Accordingly, figures for the previous year have been adjusted, for comparison.

There has been no change in the nature of business for the year under review.

4.2    Profit & Dividend

During the year under review, your Company has earned
profit before tax of H 9,296 crore on a turnover of H 23,668
crore in comparison with previous year’s achievement of
H 8,012 crore and H 21,294 crore respectively.

The Company has declared Interim Dividend for FY
2024-25 @ H 2.30 per share in the month of March 2025
and the same was paid to the shareholders within the
prescribed timelines.

The total amount of payment towards 1^st Interim Dividend
was H 2,022.12 crore out of which H 1,229.25 crore was paic
to the Government of India in respect of its shareholding of
60.79% in the Company.

Further, the Board of Directors has recommended Final
Dividend for FY 2024-25 @ H 1.00 per share in the month
of May 2025, subject to the approval of shareholders in
the ensuing AGM.

4.3    Share Capital

During FY 2024-25, the shareholders of the Company in
the Extraordinary General Meeting held on 12^th December
2024 inter-alia accorded approval for (i) increase in the
Authorized share capital of the Company from H 400 crores
to H 1,000 crores and (ii) Issue of bonus shares in the ratio
2:1 i.e. two bonus equity shares of H 1/- each for every
existing equity share held as on the Record date i.e.

27^th December 2024.

a)    Authorized Share Capital

As on 31^st March, 2025, the Authorized Share Capital
of the Company was H1,000 crores divided into
1000,00,00,000 equity shares of H 1/- each.

b)    Paid-up Share Capital

Pursuant to approval of the shareholders and other
requisite approvals, a total of 586,12,11,700 bonus
equity shares of H 1/- each were issued to the
shareholders holding shares as on the record date.

The trading in the said bonus equity shares on stock
exchanges commenced with effect from
31^st December 2024 i.e. within T+2 days of the Record
date in terms of SEBI Circular dated 16.09.2024.

As on 31^st March, 2025, the Paid-up Share Capital
of the Company was H879.18 crores divided into
879,18,17,550 equity shares of H1/- each.

4.4    Transfer to Reserves

The Company proposed to transfer H 2,000 crore from net
profit to General Reserve.

4.5    Material changes and commitments, if any,
affecting the financial position of the company,
which have occurred between the end of financial
year of the company to which the financial
statements relate and the date of the report: Nil

4.6    Deposits

The company has not accepted any deposits covered
under Chapter-V of the Companies Act, 2013 during the
year under review.

4.7    Non-Convertible Debentures (NCDs)

During the year under review, the Company has not issued
any Non-Convertible Debentures (NCDs).

5.0    INTERNAL CONTROL SYSTEMS WITH REGARD
TO FINANCIAL STATEMENTS

Necessary disclosure in respect of Internal Control Systems
and their adequacy has been made in Annexure-C to the
Independent Auditors’ Report dated 27.05.2025 which
forms part of the Annual Report.

6.0    (a) PARTICULARS OF LOANS, GUARANTEES

AND INVESTMENTS UNDER SECTION 186 OF
THE COMPANIES ACT, 2013

Necessary details in this regard have been disclosed
in the financial statements.

(b)    PARTICULARS OF CONTRACTS OR
ARRANGEMENTS WITH RELATED PARTIES
DISCLOSURES

Disclosure on related party transactions forms part
of the Notes to the Financial Statement (Standalone
and Consolidated) of the company for the financial
year 2024-25. Further, the requisite disclosure in Form
AoC-2 is also annexed herewith.

(c)    MAINTENANCE OF COST RECORDS

Section 148(1) of the Companies Act, 2013 specifies
the provisions of maintenance of Cost Records of the
company. The company is maintaining such records
as per Rule 4(2) of the Companies (Cost Records and
Audit) Rules 2014 under both regulatory and non¬
regulatory services.

7.0    (a) STATUTORY AUDITOR’S REPORT

The Audit Report for both Standalone and
Consolidated Financial Statements for the year
2024-25 is unmodified and does not contain any
qualification, reservation or adverse remark.

(b) COMMENTS OF C&AG ON FINANCIAL
STATEMENTS

The Comptroller and Auditor General of India (C&AG),
vide their letter dated 6th August 2025, have provided
their comments on the standalone and consolidated
financial statements of the Company for the financial
year ended 31st March 2025, in accordance with
Section 143(6)(b) of the Companies Act, 2013. The
Management’s responses to the said comments
are enclosed as Annexure IX(a) and IX(b) to this
Report, respectively.

(c) SECRETARIAL AUDIT REPORT

The Secretarial Audit for the FY 2024-25 was done by M/s B.R. Agrawal & Associates, Practising Company Secretaries. The
Secretarial Audit Report is enclosed to this report. There are certain observations in the report, the management reply of
which is as under:-

8.0 NEW PROJECTS & BUSINESS
DIVERSIFICATIONS:

In line with the Vision plan 2030, aimed at achieving a 100
MTPA production, NMDC has taken up several production
augmentations schemes and evacuation infrastructure
enhancements. Additionally, new deposits and OCSL plant
facilities are also envisaged to support this goal. During
the financial year 2024-25, the following Projects were
undertaken by NMDC:

A. Ongoing Projects:

1.    Screening Plant III - Kirandul Complex

2.    Slurry Pipeline Project which includes facilities like
15 MTPA Slurry Pipeline from Bacheli to Nagarnar
along with 2.0 MTPA Ore Processing Plant at Bacheli
and 2.0 MTPA Pellet Plant at Nagarnar

3.    Doubling of KK line between Kirandul & Jagdalpur

4.    Screening Plant II- Donimalai Complex

5.    New crushing Plant and Downhill Conveyor
system at Dep-14 &11C

6.    Additional Screening Line & upgradation of existing
downhill conveyor at Dep-5, Bacheli.

7.    Township Project at Kirandul

Projects / Schemes for capacity expansion

•    To augment the production and to improve evacuation
facilities from Bailadila Sector, the schemes like SP-III
Kirandul, New Crushing Plant of Dep.14 & 11C and
Downhill conveyor system at Kirandul, additional
screening lines in Bacheli, Rapid Wagon Loading
System (RWLS) at Kirandul etc. are envisaged.
Increasing the 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.

•    In Screening Plant-III project at Kirandul the site work
in packages like MRSS package, Dry Circuit (major
technological package), Wet Circuit and Miscellaneous
Building packages are in progress. The Rapid
Wagon Loading System (RWLS) package has been
completed. The overall progress of the project is 70%
as on 31.03.2025.

•    In Screening Plant-II project at Donimalai the site
work of main technological package is in progress.

The overall progress of the project is 9.42%

as on 31.03.2025.

•    The Construction of New Crushing Plant & Downhill
Conveyor System for Dep-14 & 11C, Kirandul has
been awarded on 21.03.2025.

•    To increase the production capacity of the Bacheli
Complex, dedicated OCSL facilities are being
developed, with a targeted increase to 28 MTPA by FY
2029-30 and 35 MTPA by FY 2031-32. Furthermore,
the creation of additional lump ore stockpiles, pre¬
weigh bin arrangements, loading facilities etc. within
the existing loading plant are in different stages of
execution to enhance evacuation capacity.

•    In Kirandul Complex, key infrastructure developments,
including the installation of the 315 N3 conveyor,

the development of Rail No. 13, and the installation
of RWLS-2 and RWLS-3, are in different stages
of execution to improve both production &
evacuation capacity.

•    In Donimalai Complex, an additional screening line
in SP-I along with capacity upgradation of conveyor
is planned to enhance production. Furthermore,
creation of new mechanical stacking and reclaiming
facilities at RNJP is also being planned to improve the
evacuation system.

Projects / Schemes to enhance evacuation capacity

•    To augment the evacuation capacity from Bailadila
sector, many projects & schemes are taken up like
doubling of KK line, Slurry pipeline etc

•    Doubling of KK line between Kirandul & Jagdalpur
(150.462 km) is being executed by Railways as a
Deposit work and overall progress for this work

is 90%. Doubling of 128 km rail line is already
completed and is in operation. 12.42 km & 9.5 km
rail line doubling is expected to be completed by
November 2025 & March 2026 respectively. The
completion of this project will augment the evacuation
capacity of Bailadila sector through railway line
from 28 to 60 MTPA.

•    NMDC has taken up an ambitious project of laying
Slurry pipeline from Bailadila to Nagarnar. The capacity
of the line is 15 MTPA and this will be associated

with facilities like beneficiation plant at Bacheli, Pellet
plant at Nagarnar. Laying of slurry pipeline between
Bacheli and Nagarnar, 2.0 MTPA Ore Processing plant
at Bacheli and 2.0 MTPA Pellet Plant at Nagarnar are
taken up in Phase-1 for implementation.

•    Site development works of Ore Processing Plant (OPP)
at Bacheli and Pellet Plant at Nagarnar and enabling
works of Ore Processing Plant & Pellet Plant at
Nagarnar are completed along with soil investigation
studies. All the packages are awarded and the work
for the packages like Slurry Pipeline Laying, Slurry
Pumping System, Technological Package of Pellet
Plant at Nagarnar and for Ore Processing Plant at
Bacheli, Main Receiving Substation and Construction
activities are in progress at site. Around 102 km
of pipeline line laying was completed. The overall
progress of the project was 74% as on 31.03.2025.

Township Facilities

•    In order to provide better facilities to the employees,
NMDC is constructing a residential township of 365
units at Kirandul, Chhattisgarh. The construction work
is in progress. The overall progress of the project was
74% as on 31.03.2025.

•    NMDC is also in the process of constructing additional
high rise residential quarters at Bacheli, Kirandul,
Donimalai and Panna.

Solar Power Projects

•    As a part of the thrust to tap renewable energy
sources, NMDC installed wind energy of about 10.5
MW at Chitradurga, Karnataka State and a 1.5 MW
rooftop solar power plants in various production units.

Development of New Deposits & Digital Initiatives

•    NMDC is in the process of development of
new deposits 04 & 13 along with OCSL plants,
with both short-term and long-term objectives
under consideration.

•    NMDC is also working on additional initiatives
including the implementation of digital solutions for
stockpile management, and automatic sampling
systems are being implemented to streamline
operations and improve efficiency. Feasibility studies
are also underway for the inclusion of 190T dumpers
along with allied infrastructure and the installation of
the IPCC system.

9.0 OVERSEAS PROJECTS / NMDC GLOBAL
Australia

Legacy Iron Ore, Perth, Australia

Legacy Iron Ore Ltd (Legacy) is an ASX-listed mineral
resources company based in Perth, Western Australia,
focusing on gold, iron ore and base metals. NMDC
has 92.84% equity in the company. Legacy holds 25
prospective tenements across its Mount Bevan, South
Laverton, and East Kimberley project areas in Western
Australia. The tenements are in various stages of
exploration for a host of commodities, including iron (1),
gold (20), base metals and tungsten (4).

The Mount Bevan Project in Western Australia is of strategic
importance to Legacy. It endows a significant magnetite
Mineral Resource of 1.29 billion tonnes at 33.50% Fe
(JORC Inferred & Indicated). The project has been the
focus of considerable investment, with approximately
21,000 meters of reverse circulation (RC) and 3,000 meters
of core drilling for iron ore (haematite and magnetite) and
nickel exploration.

Legacy signed a Joint Venture (JV) Magnetite Agreement
with Hancock Magnetite Prospecting Ltd (Hancock)
to complete a pre-feasibility study (PFS). Under this
arrangement, Hancock has completed the PFS studies.
After completing of the prefeasibility studies (PFS), the
shareholding in JV changed to Legacy 29.4%, Hancock
51% and Hawthorn Resources 19.6% interest in Mount
Bevan JV. Aber completion of PFS, Hawthorn Resources
opted to exit with royalty option and accordingly the
shareholding in JV changed to Legacy 36.57% &

Hancock 63.43%.

Additionally, to further underpin the future potential and
strategic importance of the Mount Bevan tenement, Legacy
signed a joint venture agreement for lithium and other
minerals with Hancock in June 2023. Currently, Legacy has
a 55.5% interest in the asset. The Agreement formalizes
terms for Hancock to earn-in to all non-iron minerals,
focusing on the exploration and development of lithium and
other critical minerals.

The South Laverton Project includes Mount Celia, Yilgangi,
Yerilla and Patricia North gold assets. Mining Lease for
Mount Celia Gold Project has been granted by the Western
Australian Department of Mining Industry Regulation and
Safety (DMIRS) in the first half of 2023. Mount Celia has
a declared JORC-compliant Mineral Resource of 312,600
ounces at 1.39g/t Au supported by 30,173 meters of RC
drilling and 1,150 meters of core drilling.

Legacy has commenced Gold mining operations in Mt.
Celia Gold Project on 5^th November, 2023 and first sale
of ore has been done in March 2024. Legacy has entered
into an Ore Purchase Agreement (OPA) with Paddington
Gold Pty Ltd. The ore is being hauled to the Paddington
processing, with payment initiated on the first delivery
of each ore parcel. The average grade and recovery are

being determined from Grade Determination Activities
(GDA) undertaken by independent drilling contractors and
analytical laboratories. The life of the mine for the first
phase of mining is approximately 14 months. Resource
definition drilling is planned to increase confidence in the
Inferred mineral resource and extend the life of the Mt. Celia
Gold Operation mine. Legacy has entered into a right to
mine agreement with BGR mining wherein BGR is funding
the operational expenses and the profits will be shared as
per the agreed terms.

The Yilgangi and Patricia North tenements are in the early
to mid-stage of exploration maturity. Yilgangi has a Mineral
Resource of 10,000 ounces but can potentially develop as a
satellite gold deposit for Mount Celia’s operation.

The East Kimberley Project is 350 kms south of Kunnunura,
Western Australia. It includes Koongie Park, Sophie
Downs, Ruby Plains and Taylor Lookout tenements,
known to host prospective geology for base metals, gold,
rare earth elements (REE) and tungsten mineralisation.

The East Kimberley tenements are in the early stages
of exploration, with first- pass drilling for base metal
exploration completed.

Mozambique

International Coal Ventures Pvt. Ltd. (ICVL)

International Coal Ventures Pvt. Ltd. (ICVL), a joint venture
company of SAIL, RINL, NMDC, CIL & NTPC, acquired
a coking/thermal coal mine in Mozambique in 2014 and
operation of the same was taken over by ICVL. NMDC
holds 25.94% stake in ICVL. Benga mine, one of the
operational asset of ICVL, has produced about 0.67 million
tonne of Coal (0.53 million tonne of Coking Coal + 0.14
million tonne of Thermal Coal) in FY 2024-25 and exported
1.12 million tonnes of Coal (0.62 million tonnes of Coking
Coal + 0.50 million tonnes of Thermal Coal).

10.0    LEASES FOR MINERALS

10.1    Iron Ore

Your Company is having Five Iron Ore Leases in Chhattisgarh and two Iron Ore Leases in Karnataka. The present
status is as under: -

In Chhattisgarh

10.2 Diamond Mining Leases:

Your Company is having Two Leases at Panna Diamond Mining Project, Madhya Pradesh. The details of leases are given below:

Your Company has recommenced mining operations
from 11.03.2024 after obtaining favourable judgement
from Hon’ble Supreme Court of India and Environmental
Clearance from MoEFCC.

10.3 Coal Mines

The status of coal mines allotted to NMDC Ltd. is as under:

a)    Tokisud North Coal mine (non-coking coal mine):

The coal mine was allotted on 17.08.2020, with
project area of 585Ha. NMDC has obtained transfer of
Environment Clearance (EC), Stage II Forest Clearance
(FC), permission for Railway siding, & obtained NoC
for ground water abstraction and has appointed
Mine Developer and Operator (MDO) to undertake
mining operation.

NMDC has made payment to the State Government
for transfer of Govt. land from previous allottee
(~48Ha), the forest land vested to NMDC has been
released on 06.04.2025. Out of the Ministry of Coal
vested freehold land in 102 deeds due to procedural
issues on purchase of land by previous allottee under
Chota Nagpur Tenancy Act, 1908, 95 deeds have been
cancelled. Hence, NMDC initiated land acquisition
under Coal Bearing Area (Acquisition & Development)
Act, 1957 & Notification under Section 7 has been
issued on 25.09.2024, NoC under Section 8 issued on

25.11.2024 and application for Section 9 submitted
on 04.12.2024.

The mining operation is expected to
commence by FY 2025-26.

b)    Rohne coal mine (Coking coal mine):

The coal mine was allotted on 18.06.2021. The mine
comprises of 1,245 Ha area, out of which 825 Ha has
been explored & 420 Ha is yet to be explored.

In the area to be explored (420 Ha), NMDC has
issued LoI to MECL for exploration, obtained transfer
of Stage I FC, compliance to Stage I FC submitted
& paid NPV charges. Exploration activity would
start after issuance of Stage II FC, which has been
delayed due to linking of the FC Stage I compliance
to conditions for compliance applicable to mining
area by MoEF&CC. MOEF&CC has delinked Stage
I FC conditions applicable to mining area & NMDC
submitted compliance of Stage I FC. MoEF&CC has
asked NMDC to submit the wildlife management plan
of the exploration area which is in progress.

In the explored area, NMDC has obtained transfer
of EC, Stage I FC. Out of ~97 Ha of land vested by
Ministry of Coal, the State Tribunal has restored some
part of the land & the same has been challenged in
Hon’ble High Court of Ranchi. For acquisition of entire
land (including restored land), NMDC has initiated
land acquisition under Coal Bearing Area (Acquisition
& Development) Act, 1957. Notification under Section
4 has been issued on 12.12.2023, Section 7 issued
on 02.08.2024, NoC under Section 8 issued on

25.10.2024 & application for Section 9 submitted on
23.03.2025. On Stage II FC in Mining area, compliance
of Stage I FC has been submitted and NPV charges
of 95.6 crore has been paid & compliance of
additional query is in progress. On modification of
Compensatory Afforestation land related condition
in Stage I FC MoEF&CC on 16.12.2024 issued a
circular of special provision for PSUs accordingly,
based on NMDC’s request, DFO has identified
~3000Ha of degraded forest land for Compensatory
Afforestation & field verification of the same is in
progress. After completion of the field verification,

KML file preparation, CA Scheme would be prepared
& compliance to Stage I approval would be submitted

The mining operation is expected to
commence by FY 2025-26.

10.4 Your Company has applied for various minerals
in different State for prospecting and mining
Operations, which are as follows:

1. Odisha-

Malangtoli Iron Ore Deposit

Your Company has carried out detailed exploration
of Malangtoli Iron ore deposit, Odisha during
1972-77 and established mineable reserve of 340
Million tonnes.

Your Company is putting efforts and pursuing the
matter with Ministry of Mines, Govt of India through
MoS, GoI for reservation of Malangtoli Iron Ore Block
in favour of NMDC where detailed exploration was
carried out by NMDC. Due to continuous persuasion
by your Company, Ministry of Mines, Govt of India
sent a letter to Govt of Odisha (GoO) on 04-01-2022
regarding their comments on the instant proposal and
observation made by IBM, Nagpur.

Director (Mines), Govt. of Odisha vide letter dated

06.10.2022 requested NMDC to provide the
information for reservation of Malangtoli Iron Ore
block (B, F & G Blocks) over an area of 39.03 sq. kms
under section 17 A (1A) for grant of Mining Lease.
Against the above communication of DMG, Odisha,
NMDC vide letter dated 25.10.2022 has submitted the
information as sought and requested DMG, Odisha
and Ministry of Mines to reserve the said Malangtoli
Iron Ore block under Section 17A (1A) of MMDR Act,
1957 for grant of mining lease as the applied area was
already explored by NMDC.

NMDC vide letter dated 12.12.2023, requested Chief
Secretary Govt. of Odisha (with a copy to MoM &

MoS, GoI) to send a positive response to Ministry
of Mines, GoI letter dated 04.01.2022, so that
prior approval to Malangtoli Iron Ore Block can be
provided by MoM, GoI.

A meeting was held on 02.02.2024 at MoM, GoI, under
the Chairmanship of Hon’ble Secretary, MoM, GoI
related to the reservation blocks under Section 17A of
MMDR Act, 1957. Hon’ble Secretary, MoM, GoI gave
his consent to discuss the matter with GoO regarding
reservation of Malangtoli Iron Ore Block in favour
of NMDC Limited.

CMD, NMDC vide letter dated 27.02.2024 requested
MoM, GoI (with a copy to Mos, GoI) to take up the
matter with GoO for reservation of Malangtoli Block.

As discussed in the meeting held on 02.02.2024
regarding Section 17A, MoM, GoI sent 4^th reminder
letter to GoO on 27.02.2024 for requisite information/
comments from GoO. On 08.04.2025 MoM, GoI sent
again 5^th reminder letter to GoO for their comments
related to reservation of Malangtoli Iron Ore Block.

On 08.07.2024 CMD, NMDC requested Chief
Secretary, Govt. of Odisha to take up the matter with
Additional Chief Secretary (Steel & Mines), Govt. of
Odisha to take action upon the MoM, letter regarding
reservation of Malangtoli Block.

During the visit to Dept. of Steel & Mines, GoO and
Directorate of Mines and Geology, GoO was visited
for enquiring the Malangtoli proposal, GoO officials
informed that Govt. of Odisha, Dept. of Steel & Mines
vide Notification dated 21.05.2024 has asked Odisha
Mining Corporation (OMC) to carry out Geological
exploration in the 12 Mineral Blocks of Sundergarh
and Keonjhar District, under Rule 67 of MCR, 2016.

Out of 12 allotted Blocks to OMC, Block No. 4
Samarchuan Blocks is overlapping with the NMDC
applied Malangtoli Iron Ore Block.

On 24.03.2025, NMDC sent a letter to the Secretary,
MoS to take up the matter with MoM, GoI regarding
Malangtoli area overlapping with 12 Mineral Blocks
allocated to OMC for G-2 level Exploration.

Your Company is putting efforts and pursuing the
matter with MoM, GoI for reservation of Malangtoli
Iron Ore Block in favour of NMDC. Matter is under
consideration with MoM, GoI.

Rakma Iron Ore Deposit

Your company has applied for Rakma Iron Ore
deposit vide letter dated 14.11.2023 to MoS, GoI has
submitted the Rakma Iron Ore Composite Licence
Blocks Reservation Proposal located in Keonjhar and
Sundergarh District, Odisha applied under Section 17A
of MM(D&R) Act, 1957.

On 14.03.2024, MoS, GoI asked NMDC to submit
reply on various queries related to the NMDC applied
Rakma Iron Ore Block. NMDC submitted the reply to
MoS, GoI on 16.03.2024.

On 16.04.2024 MoS, GoI forwarded NMDC application
to MoM, GoI for reservation of Rakma Iron Ore
Block and on 23.04.2024, MOM, GoI asked IBM to
send its comments related to NMDC applied Rakma
Iron Ore Block.

On 01.07.2024 MoM, GoI has sent 1^st Reminder
to GoO to furnished comments/views on the
aforesaid proposal.

During the visit to Dept. of Steel & Mines, GoO and
Directorate of Mines and Geology, GoO were visited
for enquiring the Rakma proposal. GoO officials
informed that Govt. of Odisha, Dept. of Steel & Mines
vide Notification dated 21.05.2024 has asked Odisha
Mining Corporation (OMC) to carry out Geological
exploration in the 12 Mineral Blocks of Sundergarh
and Keonjhar District, under Rule 67 of MCR, 2016.

Out of 12 allotted Blocks to OMC, Block No.1
(Badamgarh-Khajuridihi) Block is overlapping with
NMDC applied. Rakma Block.

Your Company is putting efforts and pursuing the
matter with MoM, GoI for reservation of Rakma
Iron Ore Block in favour of NMDC. Matter is under
consideration with MoM, GoI.

Kansa Nickel Block

As discussed during the meeting of Niti Ayog by Addl.
Secretary, MoM, dated 20.05.2024, NMDC submitted
the proposal for reservation of Kansa Nickel Block
(Area: 8.0 Sq. Km.) located in Jajpur District, Odisha
in favour of NMDC under Section 17A of MMDR Act,
1957 to MoS, GoI On 04.10.2024.

MoM, GoI on 11.11.2024 asked IBM and GoO to
furnish its comments related to NMDC’s applied
Kansa Nickel Block.

Dept. of Steel & Mines GoO, on 21.11.2024 forwarded
the proposal to DMG, Odisha for its comments on
NMDC proposal. During the visit to DMG, Odisha on
20/01/2025, it was informed by DMG Officials that
GSI has been asked to offer its views on the NMDC
applied Kansa Nickel Block proposal. GSI is conducting
exploration activities on the NMDC applied Kansa
Nickel Block. Depending on the results obtained after
exploration an appropriate decision will be taken.

GSI, Bhubaneswar on 20.01.2025 was also visited to
discuss the exploration status of Kansa Nickel Block.
GSI Directors informed that earlier based upon 180
Bore holes, GSI estimated Geological reserve (G-2
Level) of 40 MT with more than 1% Ni Content and
average occurrence of Nickel ore upto 100m depth.
GSI also stated that the Block is highly prospective
for Cobalt also. GSI officials said that the exploration
work may be completed by 3^rd quarter of FY 2025-26.
Further, they suggested based on G-2 level exploration
report NMDC may apply for Mining Lease.

2. Maharashtra

Karampalli Iron Ore and Damkodi-Metta Iron Ore
Blocks

Your company vide letter dated 30.09.2023 has
applied two Iron Ore Blocks Karampalli (21.81) Sq.Km
and Damkodi-Metta (24.68) Sq.Km. in Gadchiroli
District, Maharashtra to MoS, GoI for reservation
under Section 17A of MMDR Act, 1957.

MoS, GoI vide Office Memorandum dated 20.11.2023
sent the NMDC reservation proposal to Ministry of
Mines, Govt of India.

Your Company is putting efforts and pursuing the
matter with Ministry of Mines, Govt of India through
MoS, GoI for reservation of above two Iron Ore
Blocks. A meeting was held on 02.02.2024 at MoM,
GoI, under the Chairmanship of Hon’ble Secretary,
MoM, GoI related to the reservation blocks under
Section 17A of MMDR Act, 1957. Secretary, MoM, GoI
remarked in the meeting to examine the proposals of
Damkodi_Metta Iron Ore Block & Karampalli Iron Ore
Block in light of the legal provisions.

Based upon the queries raised by MoM, GoI, NMDC
submitted the reply to MoS, GoI on 28.02.2024 for
onward submission to MoM, GoI.

MoS, GoI forwarded the reply of NMDC to
MoM, GoI on dated 18.03.2024. Matter is under
consideration with MoM, GoI.

On 08.04.2024 MoM, GoI requested Govt. of
Maharashtra and IBM, GoI in their separate letters to
send comments on reservation of two applied Iron Ore
Blocks in Maharashtra.

On 02.06.2024 MoM, GoI in its reminder letter No.
M.VI-16.03.2024-Mines VI asked IBM to furnish
its comments/views with a report on the aforesaid
proposal at the earliest so that further necessary
action may be taken by MoM, GoI in the matter.

A meeting was held on 06.12.2024 under the
Chairmanship of Hon’ble Minister of Steel. The
meeting was related to the proposal of reservation
blocks pending with MoM, GoI, where State Govt.
already had offered its comments. Both the NMDC
applied Iron ore proposals of Maharashtra were also
discussed. Secretary (Steel) emphasized for the
reservation of these mineral blocks in favour of PSUs.
Secretary (Mines) assured to look after the matter in
positive manner.

3. Chhattisgarh

Iron Ore Mining Lease Area Enhancement

Your Company vide letter dated 13/12/2023 requested
the Secretary, MRD, Govt. of Chhattisgarh to take
up the matter with Ministry of Mines, Govt. of India
regarding enhancement of the maximum area limit for
Iron Ore Mining Lease from 50 Km2 to 100 Km2 in the
State of Chhattisgarh under first proviso of section 6
(1) (b) of MMDR Act, 1957.

On 18.01.2024, MRD, Govt. of Chhattisgarh forwarded
the proposal to DMG, GoCG. On 20/03/2025 CMD,
NMDC discussed the matter with Chief Secretary and
Secretary, MRD, GoCG. GoCG has assured to take-up
the matter with MoM, GoI.

Jheriya Diamond Block

NMET, MoM, Govt. of India vide letter dated

20.09.2022 sent the final allocation order of Jheriya
Block for carrying out regional diamond exploration
with a time line of 18 months at an estimated cost
of H 2.46 Crores.

EPMA study of 22 samples was completed and
Discriminant plot for various minerals was generated
which show negative results. Work progress of the
Jheriya block was reviewed in the 63^rd TCC meeting of
NMET on 22.03.2024.

The final Geological Report of Jheriya Block,
Chhattisgarh was submitted to NMET, GOI on

04.05.2024. Financial settlement was done with NMET
as per their e-mail dated 16.04.2024.

4. Karnataka-

Ramandurg Iron ore Block

Your company has submitted a proposal on

28.05.2024 to MoS, GoI, for reservation of Ramandurg
Iron Ore Block under section 17A of MMDR Act.

1957 for an area of 4.79 Sq.Km. for grant of mining
lease in favour of NMDC Ltd for non-captive purpose.
MoS, GoI sent queries on 29.05.2024 to NMDC for
clarification and the same were replied by NMDC to
MoS on 03.06.2024. MoS, GOI forwarded the proposal
to MoM, GOI on 18.06.2024.

On 08.11.2024 MoM, GoI asked GoK to furnish
comments on NMDC reservation proposal. The matter
is under consideration with State Govt.

DMS Mining Lease, Bellary District:

NMDC submitted an application on 25.03.2025 to the
Secretary, Ministry of Steel, Govt. of India to reserve
19.02 Ha. area of M/s Deccan Mining Syndicate’s
cancelled ML of Iron ore (ML No. 2525) in Sandur
Taluk, Bellary District, Karnataka as it falls within
Kumaraswamy ML of NMDC, under Section 17A
(2A) of MM (D&R) Amendment Act, 2015 for grant of
mining operation.

Lithium-

Your company has submitted a proposal to the
Director, DMG, Government of Karnataka (GoK)
to reserve 24.95 Sq.km area for Lithium and other
associated elements in Raichur District, Karnataka
under Section 17 (A) of MM (D&R) Act, 1957 for grant
of prospecting and mining operation.

Director, DMG, GoK has conducted a meeting with
AMD, GSI & NMDC on 28.08.2023 to discuss on
exploration of Lithium bearing pegmatites in Raichur
District, accordingly GoK notified GSI as per Rule

67(1) of Minerals (other than Atomic and Hydro
Carbons Energy Minerals) Concession Rules, 2016
for exploration of the area. Once the exploration is
completed, the State Government will further proceed
for allotment of block for Mining Lease.

5.    Andhra Pradesh
Jerella Bauxite Block

Your Company has applied for Korukonda (Jerella)
Bauxite block over an area of 9.90 Sq.km in Alluri
Sitharama Raju district (Earstwhile Vishakhapatnam
District) to Ministry of Steel, Govt. of India for
reservation under Section 17 (A) of MM (D&R) Act,
1957 vide letter dated 27.10.2023. Vide letter dated

04.01.2024,    MOM, GoI has enquired some information
from MoS related to reservation of the applied
block. On 12.01.2024, NMDC Ltd. has submitted

the information/relevant documents to MoS, GoI. On

16.01.2024,    the same was forwarded by MoS, GoI to
MoM, GoI for further course of action.

On 03.07.2024 MoM, GoI has asked IBM, Hyderabad
and GoAP to comment on the proposed block.

On 11.08.2024, DMG, Ibrahimpatnam asked DMG,
Paderu Alluri Sitharamaraju District, A.P. to offer its
comments on NMDC proposal.

DMG, Paderu, Alluri Sitharamaraju District, A.P. on

21.11.2024    has Sent its reply to DMG, Ibrahimpatnam.
The matter is under consideration with GoAP.

Chigargunta-Bisanatham gold block

Your Company had secured the Letter of Intent (LOI)
on 07.10.2022 for Chigargunta-Bisanatham Gold
block through the Mineral Auction of Andhra Pradesh
held in July, 2018.

The project had several uncertainties impacting capex
and thus, making the gold Project marginal with
significant downsides.

NMDC vide letter dated 08.12.2023 surrendered the
LoI to the Director, DMG, GoAP.

Industries and Commerce Department, GoAP
vide letter MEMO.NO.869/MIII(1)/2018 dated

11.02.2025    revoked the LoI of Chigargunta-
Bisanatham Gold Block.

6.    Jharkhand:

ML Jain and R Mc Dill (Karampada West Iron ore
Block):

An application has been submitted over an area
of 312.43 Ha by clustering Mining Leases of M/s
M L Jain & Sons and M/s R Mc Dill Co Pvt. Ltd,

West Singhbhum District, Jharkhand for reservation

of Composite Licence in favour of JNMDC on
20/09/2019 under Section 17A (2A) of MM(D&R)
Amendment Act, 2015.

As per the media news dated 02.02.2021, Ministry of
Mines, Govt. of India has informed to the Secretary,
Mines, Govt. of Jharkhand that the 7 Iron ore Leases
of Jharkhand which were lapsed on 31.03.2020, have
to be put for auction and if the successful bidder
fails to operate the mines, then it can be reserved
for State PSU.

DMG, Govt. of Jharkhand has completed G3 Lavel
of Exploration through GSI in 2021. NMDC is going
to write a letter to MoS, GoI to take up the matter
with MoM, GoI and Government of Jharkhand to
reserve the area covering 312.43 Ha by clustering
of expired leases of M/s M.L. Jain and Sons and
R. Mcdill Co. Pvt. Ltd in West Singhbhum District,
Jharkhand for Composite License under Section 17A
of MMDR Act, 1957.

NMDC vide letter dated 20.01.2025 submitted an
application to MoS, GoI for reservation of Karampada
West Iron Ore Block, located in West Singhbhum
District, Jharkhand under Section 17A of MMDR Act,
1957 for grant of Mining Lease in favour of JNMDC.

MoS, GoI vide on 22.01.2025 asked queries to NMDC
related to the applied Karampada West Iron Ore Block.

A detailed reply addressing the queries from the MoS,
GoI was sent to MoS on 18.02.2025.

Ghatkuri Iron Ore Deposit:

JNMDC submitted a proposal on 17.10.2017 to the
Secretary, Department of Industries Mines & Geology,
GoJ, for reservation of Ghatkuri Iron ore deposit,

West Singhbhum District, Jharkhand, under Section
17A(2A) of MM(D&R) Amendment Act 2015 for grant
of Prospecting and Mining operation to provide iron
ore linkage to the proposed Jharkhand Kolhan Steel
Limited (JKSL).

NMDC vide letter dated 01.02.2021 requested Addl.
Sec. MoS, GoI to take up the matter with MOEF
&CC for exempting the Ghatkuri Iron Ore area from
conservation zone and keep it under Mining Zone so
that this block can be reserved for JNMDC.

10.5 Exploration in Madhya Pradesh (M.P.)

Tripartite MoU among GoMP (MRD through DGM),
MPSMCL & NMDC was signed for exploration in the State
of Madhya Pradesh on 27.10.2016 for a period of 5 years
and further extended for 3 years w.e.f. 27.10.2021.

Exploration works completed and all the areas were
surrendered in October 2024.

10.6    Initiatives for Technological upgradation

State-of-the-art driven Fleet Management System
(FMS) for BIOM Bacheli & Kirandul Complex as part
of digital transformation to set the legacy in mining
sector and increase efficiency, productivity and safety,
has been commissioned in BIOM, Kirandul Complex
& BIOM, Bacheli Complex, and at present, it is under
comprehensive warranty.

The Fleet Management System includes complete
software and hardware structure which is designed for live
monitoring (online) and control of tracking devices, installed
on the vehicle being used for carrying out production
activity in the mine. The effective outputs from the system
are available to the user(s) online live for quick monitoring
and decision-making. Long-term statistical reports can
also be extracted for long-term management, planning and
integration with ERP (SAP).

The different modules of FMS are as follows:

1)    High & Low Precision FMS Guidance System

2)    Proximity Awareness System

3)    Fuel Management System

4)    Tyre Pressure & Temperature Monitoring System

5)    Fatigue Monitoring System

6)    Crusher Utility Management

7)    Health Monitoring System

10.7    NMDC-CMDC Limited (NCL)

NMDC-CMDC Limited (NCL) is a Joint venture Company of
NMDC Limited and CMDC Limited with a share capital ratio
of 51% and 49%, respectively. The present status of all the
projects of the Company is as follows:

Bailadila Deposit-4

Ministry of Mines, GoI has reserved Bailadila Iron Ore
Deposit-4, over an area of 646.596 Ha in favour of NMDC-
CMDC LIMITED (NCL) under section 17A (1A) OF the
MMDR Act, 1957 vide their Gazette notification no. 697(E)
dated 30/09/2019 for a period of 05 years for prospecting
and mining operations. MRD, GoCG has issued an LOI
for grant of ML vide letter dated 26.06.2021 in favour of
NCL for five years. The mining plan of Dep-4 has been
approved by IBM, Raipur, on 24.09.2021. NCL has applied
for obtaining Environment Clearance under the Environment
Protection Act, 1986, Forest Clearance under the Forest
Conservation Act, 1980 and Land Acquisition under the
LARR Act-2013.

Terms of Reference (ToR) for Industry-1 sector (ancillary
activities outside ML area) issued on 21.02.2022 and for
Mining Sector (mining activities inside ML area) issued
on 11.03.2022 for obtaining Environment Clearance.

Ecological studies, flora & fauna studies completed on
31.05.2022. Draft EIA/EMP report submitted to CECB,

Govt. of Chhattisgarh for public hearing on 31.03.2023.
Public Hearing for environmental clearance conducted
on 12.09.2023. CECB, Raipur, dated 03.10.2023, has
forwarded the proceedings of the public hearing and other
related documents to MoEF&CC, GOI, New Delhi. After the
conduct of the Public Hearing and finalization of the EIA /
EMP Report, application for the -

a)    Grant of the EC for Mining Lease has been submitted
for consideration of the EAC (Non-Coal Mining) on
the Parivesh 2.0 Portal of the MoEF&CC, Gol on

24.01.2024.    (EDS has been raised on 22.02.2024,
asking for Stage I Forest Clearance).

b)    Grant of the EC for the Beneficiation Plant has
been submitted for consideration of the SEIAA
- Chhattisgarh on the Parivesh 2.0 Portal of the
MoEF&CC, GoI on 25.01.2024. The proposal was
considered in the 549^th meeting of the State Expert
Appraisal Committee (SEAC-3), Chhattisgarh, held on

06.11.2024.    On reviewing the proposal, the SEAC has
asked for certain clarification and asked to submit the
reply along with Stage-I Forest clearance.

Preliminary notification under the provisions of sub-section
(1) of section 11 of the LARR Act-2013, had been issued by
the district collector, Dantewada, on 24.08.2023. The work
for the resettlement & rehabilitation plan is in process.

Forest application for forest diversion proposal is
registered vide Registration no FP/CG/MIN/146694/2021
dated 16.06.2022.

Biodiversity Conservation Plan and Soil Water &

Moisture Conservation Plan for the Tree Fern area has
been approved by the PCCF and Member Secretary,
Chhattisgarh State Biodiversity Board on 21.08.2023.
Wildlife Conservation Plan has been approved by the PCCF
(Wildlife and Biodiversity Conservation) cum Chief Wildlife
Warden on 25.09.2023.

The forest diversion proposal had been forwarded to the
MoEF&CC, New Delhi, online through the Parivesh Portal by
the State Government on 02.02.2024.

Indian Council of Forestry Research and Education,
Dehradun, had submitted its final report on
“Ascertaining the safe distance from the existing
tree fern habitat for carrying out mining activities and
infrastructure development” to the Forest Department,
GoCG on 20.12.2024.

Double-degraded forest land for raising compensatory
afforestation has been identified in Jajgir-Chapma District,
Gaurela-Pendra-Marwahi District, and Balrampur District.

Site inspection of the project area and CA land area
has been conducted by the Integrated Regional
Office, MoEF&CC, Nagpur on 06.12.2024 and

15.12.2024, respectively.

The forest diversion application has been considered in the
FAC meeting of the MoEF&CC, New Delhi on 16.04.2025.

Bailadila Deposit -13

Mining lease was granted for Bailadila Iron Ore Deposit-13
over an area of 413.745 Ha in favour of NMDC Limited for
50 years by State Govt. of Chhattisgarh vide order no. F3-
84/95/12 dated 07.01.2017 lease deed for the same was
executed on 10.01.2017 over an area of 315.813 Ha.

As per JV agreement dated 27.03.2007 by and between
CMDC and NMDC Ltd., mining lease of Bailadila Iron Ore
Deposit-13 has to be transferred in the name of NMDC-
CMDC Limited (NCL) and then NCL will undertake all
the required steps for development and operation of the
mine. Further, mining lease grant order no. F3-84/95/12
dated 07.01.2017 in respect of Deposit-13 issued by State
Govt. of Chhattisgarh, stipulate that ‘after the execution of
lease deed, NMDC will transfer the mining lease to the JV
Company NMDC-CMDC Limited’.

Mineral Resources Department, Govt. of Chhattisgarh,
has issued an order no. F3-84/95/12 dated 06.11.2017
for transferring the mining lease of Bailadila Iron Ore
Deposit-13 in favour of NMDC-CMDC Limited (NCL). Mining
Lease of Deposit-13 has been transferred in favour of
NMDC-CMDC Limited (NCL) on 04.12.2017. On 02.07.2018
M/s. Adani Enterprises Limited has been appointed as
MDO for Bailadila Iron Ore Deposit-13. MoEFCC, GOI, has
accorded transfer of Environmental Clearance in name of
NMDC-CMDC Limited from NMDC on 12.12.2019. Final
FC under Section 2(ii) of Forest Conservation Act 1980
was granted over an area of 315.813 Ha. in favour of
NMDC Limited by MoEF&CC on 09.01.2017. Action has
been initiated for transfer of existing FC in favour of NCL.
CECB granted approval to NCL for consent to Operate 2
MTPA on 27.04.2019.

The Revised Mine Plan of NCL was approved by IBM,
Raipur on 06.03.2019 for a capacity of 10 MTPA. The
validity of the Mining Plan of Deposit-13 was up to March
2021. Hence, Revised Mining Plan for the period 2021-26
has been prepared by NMDC and the same was approved
by IBM Raipur on 12.01.2021.

District Administrator, Dantewada issued orders to stop all
project activities of Dep-13 on 11.06.2019 due to protest by
local villagers against MDO and demanding enquiry against
FRA certificate issued by Gram Sabha. Forest Department,
GOCG, Raipur has issued show cause notice to NMDC for
cancelling the Stage-II Forest clearance of Deposit-13 on

06.03.2020 considering the report of District Administrator,
Dantewada to nullify the Gram Sabha proceedings.
NMDC-CMDC Limited (NCL) has submitted the reply to
the Forest Department, Govt. of Chhattisgarh against the
show cause notice issued for cancelling the Stage- II Forest
clearance of Deposit-13.

MRD, Govt. of Chhattisgarh has issued a notice to NMDC-
CMDC Limited (NCL) for lapsing the Mining Lease of
Deposit-13 for non-commencement of mining operation
within 2 years from grant of mining lease under Rule 20(3)
of MCR 2016 on 05.03.2020. NMDC-CMDC Limited (NCL)
has submitted the reply to the MRD, GOCG against the
notice issued for lapsing the Mining Lease of Deposit-13
for non-commencement of mining operation within 2 years
from the grant of mining lease under Rule 20(3) of MCR
2016. NCL vide letter no. NCL/HO/Dep-13/ML/2020/833/01
dated 25.03.2021 has submitted H 1,00,000/- (Rupees One
Lakh) towards revival of mining lease of Bailadila Iron Ore
Deposit-13 under Rule 20(5) of MCR (other than atomic and
hydro carbons energy minerals) 2016.

NCL vide letter no. NCL/HO/Dep-13/ML/2022/1014 dated

14.02.2022 has again requested the Under Secretary, MRD,
GoCG for providing a suitable decision in the matter of
lapsing of mining lease, so as to start the development and
operation of Deposit-13. Also, NCL vide letter no. NCL/HO/
Dep- 13/ML/2022/1015 dated 14.02.2022 has requested
Dy. Secretary (Forest), GoCG, for providing a suitable
decision in the matter of cancelling the Stage-II forest
clearance of Deposit-13, so as to start the development and
operation of Deposit-13.

Performance security has been renewed for another
five years as per the Mine Development and Production
Agreement (MDPA) on 05.11.2022.

The Board of NCL in its 48^th meeting held on 27.07.2021
has decided to constitute a High-Level Sub Committee
to assess the possible ways and means to commence
the mining operations from Bailadila Iron Ore Deposit
No. 13 and make its recommendation to the Board
for its consideration. In the 49^th board meeting of NCL
held on 28.10.2021, after detailed deliberation on the
recommendations of the Board level subcommittee has
instructed to get the views of the Legal Department /
Advocate General, Govt. of Chhattisgarh on the matter.

A legal opinion is sought from the Advocate General, Govt.
of Chhattisgarh, on 09.02.2022, in which it is suggested to
terminate the MDO contract. Further, on 07.06.2023, a legal
opinion was sought from the Attorney General of India by
which it is suggested to terminate the MDO contract.

The Board of NCL, in its 51^st meeting held on 03.06.2023,
after detailed deliberation on the legal opinion of the
Attorney General of India, has decided to issue a show
cause notice of termination of IMSA to M/s Adani

Enterprises Limited. Accordingly, a show cause notice of
termination, legally vetted by the Attorney General of India,
was issued to M/s Adani Enterprises Limited on 11.07.2023,
and a notice of termination of IMSA, legally vetted by
the Attorney General of India, was issued to M/s Adani
Enterprises Limited on 28.08.2023. M/s Adani Enterprises
Limited has issued a notice for the invocation of Arbitration
against the termination notice on 10.01.2024, and presently,
the arbitration is going on.

Baloda - Belmundi Diamond Block

Ministry of Mines, GOI vide G.S.R.744(E) dated 14.10.2021
granted reservation of Baloda-Belmundi Diamond Block for
PL or ML in favour of NMDC-CMDC limited under Section
17A(1A) of MMDR Act, 1957.

MRD, GoCG, Raipur vide letter dated 02.01.2023 has
issued final grant order for prospecting licence of
Baloda-Belmundi Diamond Block. PL deed of Baloda-
Belmundi Diamond Block with GoCG was signed
on dated 28.02.2023 and the same is registered on
dated 01.03.2023.

District Collector, Mahasamund vide letter dated

26.05.2023 has given permission to NMDC-CMDC Limited
to start the prospecting work.

The following exploration works have been completed:

•    31 Stream Sediments Samples Collected
and processed.

•    EPMA study of HIMs were completed from Banaras
Hindu University (BHU).

•    69 Soil Samples collected and will be analysed.

•    58 ground magnetic survey work completed and
suspected Kimberlite pipe noticed based upon the
survey. Drilling will be carried out in the suspected
Kimberlitic zone.

Pre-feasibility study of the block will be done by
outsourcing for which tendering process is under progress.

Bailadila Deposit No. 3 & 8

The Company has submitted proposal to the Secretary,
MRD, GoCG NMDC vide letter dated 16/06/2021 requested
Chief Secretary, Govt. of Chhattisgarh for reservation
of Bailadila Deposit No. 3 & 8 in favour of NMDC under
Section 17A of MMDR Act, 1957.

Ministry of Steel, Govt. of India vide D.O No:
S-28016/26/2020-NMDC, dated 03/08/2021 requested
Chief Secretary, Govt. of Chhattisgarh for reservation of
Bailadila Deposit No. 3 & 8. Further, after a meeting held
between the State Govt. of Chhattisgarh and NMDC, Govt.
of Chhattisgarh decided to reserve the said block in favour
of NMDC-CMDC Ltd. (NCL).

NMDC-CMDC Ltd. (NCL) vide letter dated 25/10/2021
submitted the proposal to Secretary, MRD, GoCG. MRD,
GoCG, vide letter dated 19/04/2022 forwarded the proposa
with recommendation to MoM, GoI.

MoM, GoI vide Office memorandum dated 18/05/2022
sought information from MoS, GoI related to Bailadila
Deposit No.3 & 8 (18.15) Sq.Km. NMDC vide letter dated
07.06.2022 sent its reply to MoS, GoI.

A meeting was held on 02/02/2024 at MoM, GoI, under the
Chairmanship of Hon’ble Secretary, MoM, GoI related to
the reservation blocks under Section 17A of MMDR Act,
1957. Hon’ble Secretary, MoM, GoI gave his consent to
examine the proposal of Bailadila Deposit No. 3 & 8.

NMDC Ltd. vide letter dated 29/02/2024 requested
MoM, GoI (with a copy to MoS, GoI & MRD, GoCG) to
consider the reservation proposal of the said block under
Section 17A of MM(D&R) Act, 1957. Matter is under
consideration with MoM, GoI.

NMDC submitted the reply to MoS, GoI on 16/03/2024
based upon the queries asked regarding Deposit no. 3&8
by MoS, GoI on 04/03/2024. On 23/04/2024 MoS, GoI

forwarded NMDC reply to MoM, GoI related to reservation
of Bailadila Deposit no. 3&8.

MoM, GoI on 13.05.2024, has sent second reminder to
GoCG for some information on urgent basis for reservation
of Deposit 3&8 in favour of NCL.

On 24.07.2024, MRD, GoCG asked DGM, GoCG to
offer comments on MoM, GoI letter dated 18.05.2022 &

13.05.2024 for the proposal of Deposit- 3&8.

In the internal meeting dated 06.12.2024, MoS, GoI
reviewed, NMDC shared details of applied Deposit no. 3&8
reservation block and the Secretary (Mines) assured to look
after the matter in positive manner.

A meeting was held on 06/12/2024 under the Chairmanship
of Hon’ble Minister of Steel. The meeting was related to
the proposal of reservation Blocks pending with MoM,

GoI, where State Govt. already had offered its comments.

In the meeting Secretary (Steel), Secretary (Mines) and
representatives from SAIL and NMDC were present.
Bailadila Iron Ore Deposit - 3 & 8 was also discussed.
Secretary (Steel) emphasized for the reservation of mineral
blocks in favour of PSUs. Secretary (Mines) assured to look
after the matter in positive manner.

11.0 SUBSIDIARY / ASSOCIATE / JOINT VENTURE (JV) COMPANIES MONITORING FRAMEWORK

NMDC has 5 (Five) subsidiaries and holds stake in 4 (four) Associate and 4 (four) JV Companies. The names of these Companies
and percentage of NMDC’s shareholding in these companies are as follows:

Notes:

1.    The subsidiaries of NMDC are Board managed with the primary interest to manage such Companies in the best interest of the
shareholders. The framework for Subsidiary / Associate / JV Companies are as under:-

i)    All investments in these Companies are approved / authorized by the Board of Directors.

ii)    The Company nominates its representatives on the Board of these Companies.

iii)    The minutes of the Board meeting of these Companies are placed before the Board of NMDC Limited.

2.    Subsidiary / Associate / Joint Venture Companies have been categorized in line with disclosures as made in the
financial statements.

3.    In case of NMDC SARL, Madagascar, where NMDC was holding 100% stake, attempts for closure were made in the past;
however, due to political instability, formal closure could not be received.

4.    Romelt SAIL (India) Ltd., an Associate company in which NMDC was holding 25% stake, is under closure.

5.    Chhattisgarh Mega Steel Ltd., an Associate company in which NMDC was holding 26% stake, is under closure.

6.    In case of Kopano NMDC Mineral (Pty.) Ltd., application for closure had been submitted.

12.0    ENVIRONMENT MANAGMENT

12.1    Environmental Clearances, Consent to

Establishments, Consent to Operates for the yeai
2024-25.

Bacheli:

a)    Ministry of Environment Forest & Climate Change,
GoI, New Delhi has granted Environmental Clearance
on 11.12.2024 for capacity expansion of Bailadila
Iron Ore Mine, Deposit-5 (ML area 540.05 Ha)
located at Bacheli, South Baster, Dantewada District,
Chhattisgarh from 10.00 MTPA to 12.00 MTPA
ROM Iron Ore (20% capacity expansion) under the
provisions of EIA Notification’ 2006.

b)    Consent to Establish for Industrial Wate Incinerator
at Bailadila Iron Ore Mine, Bacheli Complex

for capacity of 10 Kg/Hour obtained from
Chhattisgarh Environmental Conservation Board,
Raipur on 27.01.2025.

c)    Renewal of Consent to Operate for Bailadila
Iron Ore Mine, Deposit-5, Bacheli for production
of 10.00 MTPA ROM Iron Ore obtained from
Chhattisgarh Environmental Conservation Board,
Raipur on 27.03.2025.

d)    Renewal of Consent to Operate for Central
Work Shop (CWS), BIOM, Bacheli Complex for
repair and maintenance of HEMM obtained from
Chhattisgarh Environment Conservation Board,
Raipur on 06.05.2024.

Kirandul:

a)    Ministry of Environment Forest & Climate Change,
GoI, New Delhi has granted Environmental Clearance
on 17.02.2025 for capacity expansion of Bailadila
Iron Ore Mine, Deposit-14 NMZ (ML area 506.742 Ha
located at Kirandul, South Baster, Dantewada Districl
Chhattisgarh from 5.50 MTPA to 8.50 MTPA ROM Iro
Ore along with construction of 3,000 TPH & Downhill
under the provisions of EIA Notification’ 2006.

b)    Ministry of Environment Forest & Climate Change,
GoI, New Delhi has granted Environmental Clearance
on 20.02.2025 for capacity expansion of Bailadila
Iron Ore Mine, Deposit-14 (ML area 322.368 Ha)
located at Kirandul, South Baster, Dantewada
District, Chhattisgarh from 5.00 MTPA to 10.00
MTPA ROM Iron Ore along with construction of
3,000 TPH & Downhill under the provisions of EIA
Notification’ 2006.

c)    Renewal of Consent to Operate for Bailadila
Iron Ore Mine, Deposit-14&14NMZ, Kirandul for
production capacity of 10.50 MTPA obtained from
Chhattisgarh Environmental Conservation Board,
Raipur on 21.08.2024.

Aamla, Kachnar & Jamun were distributed to villagers
& school children with the help of Forest department
Jagdalpur. Also, saplings of Papaya & Jackfruit were
planted along with School children & Teachers in
school premises of Kurandi Middle school with the
help of Forest department Jagdalpur reaffirming
NMDC commitment to make our Earth Greener &
pollution free for our present & future generations.

12.3 Certified Compliance Report (CCR)

a)    Certified compliance report obtained from Ministry of
Environment and Forests Climate Change (MoEF&CC),
Sub-Office, Raipur on 25.11.2024 (for the capacity
expansion project of Bailadila Iron Ore Mine, Bacheli,
Deposit-10 from 6.0 to 7.2 MTPA ROM) for the
conditions stipulated in environmental Clearance letter
no. J-11015/141/2014-IA. II(M) dated 07.07.2017.

b)    Certified compliance report obtained from Ministry of
Environment and Forests Climate Change (MoEF&CC),
Sub-Office, Raipur on 04.09.2024 Bailadila Iron Ore
Mine, Bacheli, Deposit-14/11C, Kirandul (for the
capacity expansion project of Deposit-14 from 5 to
10MTPA & Deposit-14NMZ from 5.5. to 8.5 MTPA) for
the conditions stipulated in environmental Clearance
letter no. J-11015/483/2007-IA.M(M) dated 11.09.2007
& Amendment to EC on 01.12.2021.

13.0    PUBLIC DISCLOSURE OF SITE CLOSURE &
REHABILITATION RELATED ACTIVITIES

13.1    Measure to address or avoid significant
environmental or landscape impacts

The environmental attributes, which are likely to be
affected in the region, are land use, topography, water
resources, soil, air quality, socio-economic status, ecology,
and public health.

Measures to address some of the environmental aspects
are as follows:

(i)    Land use: Land reclamation and rehabilitation
along with the plantation will be done during the
closure of the mine.

(ii)    Topography: The mining would marginally affect
the overall view of the area, but will grossly modify
the local topography of the mined area at the end of
mining. The course of the present natural drainage
system will not be affected due to the present and
future mining operations. Several environmental
protective measure like buttress wall, garland drain,
check dams, settling ponds etc. are being constructed
in and around the mining area to arrest the foreign
material for further restricting the natural water

to be polluted.

(iii) Air Quality: The control measures adopted at all of

our mines to ensure the ambient Air Quality Standards

are as follows:

•    Proper maintenance of the heavy earth moving
machinery and vehicles.

•    Regular water sprinkling over the haul road as
well as over mine benches is being carried out by
water sprinklers of higher capacities.

•    Haul roads are graded regularly to clear
accumulation of loose materials & kept wet with
water sprinkling.

•    Wet drilling during primary & secondary drilling.

•    Use of sharp drill bits for drilling holes.

•    Blasting is carried out with optimum charge.

•    Avoiding blasting during high windy periods.

•    Avoiding excess filling of dumper & consequent
spillage on the road.

•    Dust suppression has been installed in crushing
plant, downhill conveyor, stockpiles, loading
plant areas etc. Dust suppression by atomized
spray in primary crusher.

•    The dry fog dust suppression system shall be
continued at different transfer points during the
non-monsoon season.

•    Covering of conveyors & using under chutes at all
the transfer points.

•    The screening plant is housed in a huge GI sheet
enclosure, which acts as a good shield for the
prevention of dust particles escaping out of the
plant building.

•    Fog canons provided at Loading plant for
suppression of dust.

•    Fixed water sprinklers in the loading plant areas
are provided and maintained.

•    Covering of all stock piles.

•    Creating green belt around the perimeter of
all the plants.

•    Ensuring good housekeeping within
plant premises.

•    Barrier plantation is being done at various places
in the townships areas such as along roadsides,
parks and colonies etc.

(iv)    Water Quality: The following control measures to
arrest water pollution :

•    Every year before onset of the monsoon de-
silting of Check dam & Check bunds is being
done to arrest the overflow of the silt into
the Nallah. Regular water sampling is being
done every year during winter period, pre¬
monsoon period, monsoon period and post
monsoon period.

•    Rain water run-off from the waste dumps in
the mine is well treated using check dams and
buttress walls to arrest the silt load and thereby
reducing the impact on the water quality.

•    In order to mitigate the impact on local water
bodies, Buttress walls and garland drains
constructed around the dumps to prevent the
flow of slime into the natural water course.

•    Effluents generate from the service centre and
auto workshop are being treated in effluent
treatment plant (ETP). The outflow/ treated water
being used for green belt generation.

(v)    Noise Levels: Higher noise levels may be
generated due to mining operations such as drilling,
blasting, and excavation. The following are some
protective measures:

•    Workers working in highly noise-prone areas
are provided with ear muffs or ear plugs as a
safety precaution, and workers are not allowed
to enter into noise-prone areas without the
use of ear masks.

•    Personal Protective Equipment (PPEs) like ear
muffs and ear plugs are provided to all the
employees and workers operating in mines
and plant areas.

•    Noise-proof & dust-proof cabins are provided for
all HEME with air-conditioners.

•    To isolate employees from noise and dust,
sound proof cabins are installed in crushing and
screening plants.

•    Proper and periodical maintenance
of HEM machinery

•    Noise levels are controlled by using optimum
explosive charge, proper delay detonators,
use of shock tubes and proper stemming to
prevent "blow-out"

•    The speed of dumpers is limited to a moderate
speed of 25 Kmph.

•    In order to mitigate the noise source,
rubber linings are provided to the vibrating
screens, chutes, and feeders at raw material
transfer points.

•    The transfer points all along the downhill/uphill
conveyor are provided with proper rubber lining
to reduce the noise generation.

(vi)    Energy Efficiency Measures:

1.    Energy audits are conducted at regular
intervals across the iron projects of NMDC
through collaboration with expert agencies.

The recommendations arising from these
audits are reviewed and appropriately
implemented to enhance energy efficiency and
operational performance.

2.    Minimum feed rates are maintained during the
downhill transportation of iron ore from the
mines to the screening plant to enable power
generation, which is utilized within the plant itself,
resulting in energy savings.

3.    The following measures are being adopted:

•    Solar Cell Sensor Switches and Solar
Lights are provided.

•    Solar heaters/solar devices are in use at
hospitals, canteens, buildings, and parks.

•    Energy-efficient motors have been installed
in the Screening Plant.

•    Power generation through a
downhill conveyor.

•    Leakages of oil, fuel, or lubricants are
plugged. Used oil, batteries, and cotton
waste are collected and sold through
authorised agencies.

•    Solar panels will be installed on the roof of
field offices, stores, OCSL plant structures
and conveyors depending on feasibility and
advancement of technology.

(vii)    Ground Vibration:

The following measures are undertaken to contain the
Peak Particle Velocity (PPV) due to blasting within the
permissible limits.

•    Proper blast design;

•    Avoiding excess confinement of charges;

•    Number of blast holes per delay
shall be kept one;

•    Proper stemming of holes shall always
be carried out;

•    Blasting is avoided during foggy whether and
when wind velocity is more than 25 km/hour;

•    Shorter stemming lengths of less than 2/3^rd of
burden distance is avoided to reduce overloading
of holes and also to control fly rock;

•    Maximum number of rows are restricted to two.
Number of delays used per blast adopted as per
field condition so as to reduce charge weight per
delay and creation of shock waves.

•    Blasting operations are carried out only during
day time as per statutory requirement;

•    A safe distance of about 500-m from centre
of blasting is maintained; and During blasting,
other activities in the immediate vicinity are
temporarily suspended.

•    Further, the existing afforestation also helps
in reducing the noise and vibration level

to some extent.

13.2 Commitment to rehabilitate land to minimize
negative impacts and maximize benefits

NMDC has an Environmental Policy with a commitment to
protect the environment. NMDC makes genuine efforts to
control pollution and meet statutory requirements. Further,
all the Iron Ore Mining Complexes have got separate
Integrated Management System (IMS) Policy (comprising of
ISO 9001:2015, ISO 14001:2015, 001:2015 ISO 45001:2018
and SA 8000:2014). The certifications to NMDC Ltd have
been accorded by the external agency "Bureau Veritas”
for the scope of "Mining and Processing of Iron Ore"
for FY 2024-25.

All the operating Mining Leases are submitting the Mining
Plan along with Progressive Mine Closure Plan (PMCP)
reviewed and updated in every five years period to Indian
Bureau of Mines for obtaining approval. In accordance with
the approved Progressive Mine Closure Plan, all the Mines
are operated with a close view to ensure all the protective
measures are taking care.

Before closing of any of the Mines, we are abiding to
submit the Final Mine Closure Plan (FMCP) in well advance
(Two years prior to the closure of mines) as per the extant
provisions of Mineral Conservation and Development
Rules-2017 to carry out all the reclamation and
rehabilitation programme. By complying the FMCP, NMDC
will undertake all the reclamation and rehabilitation activities
to return the degraded land into its original surface.

Further, as per Mineral Conservation and Development
Rules -2017, we are submitting Financial Assurance in the
form of Bank Guarantee for due and proper implementation

of the Progressive Mine Closure Plan contained in the
Mining Plan or Final Mine Closure Plan as the case may be
@ H 5.00 Lakh per Hectare of the mining lease area put to
use for mining and allied activities.

We are always work to emerge as a Global Environment
Friendly Mining Organization committed to rehabilitate land
to minimize negative impacts and maximize benefits.

13.3    Reporting on closure plan implementation and
site rehabilitation

All operating mining leases submit their respective Mining
Plans along with the Progressive Mine Closure Plans
(PMCP) to the Indian Bureau of Mines (IBM) for approval.
These plans are reviewed and updated every five years,
in accordance with the statutory requirements. Mining
operations are carried out in alignment with the approved
PMCP, ensuring that all prescribed protective and
environmental safeguards are effectively implemented.

In accordance with the provisions of the Mineral
Conservation and Development Rules, 2017, the Final Mine
Closure Plan (FMCP) is submitted at least two years prior
to the proposed closure of any mine. This plan outlines
all necessary reclamation and rehabilitation measures
to restore the degraded land to its original state. Upon
approval, NMDC undertakes the execution of all activities
as detailed in the FMCP.

Prior to initiating the final mine closure activities, advance
intimation is provided to the DGMS and Ministry of
Environment, Forest and Climate Change (MoEF&CC) as a
part of the compliance protocol.

As part of our environmental compliance, half-yearly reports
are submitted to MoEF&CC, and an annual Environment
Statement is filed with the respective State Pollution
Control Board, detailing the environmental management
measures undertaken.

NMDC also submits the Annual Return to the Indian
Bureau of Mines, which includes detailed information
on reclamation and rehabilitation activities carried out
during the previous year. Additionally, drone survey data
covering the mining lease area and a 100-metre periphery is
submitted, in line with IBM guidelines.

Closure Plans regularly updated

All the Progressive Mine Closure Plans are reviewed and
updated in every five-year period along with the Mining
Plan for further obtaining approval from Indian Bureau
of Mines (IBM).

13.4    Community involvement in closure planning

Our environmental policy is reinforced by the
implementation of ISO 14001 at our Bacheli, Kirandul,
and Donimalai mines. The Environmental Management
System (EMS) at each project site undergoes third-

party audits on yearly basis to ensure compliance and
continual improvement.

To support this framework, each of our project sites is
equipped with a specialized environmental management
team comprising domain experts. This reflects our strong
commitment to conserving natural resources, reducing
fugitive emissions, minimizing the environmental impact of
operations, and fostering environmental awareness among
employees and the local community.

We maintain active collaborations with renowned
institutions such as the Indian Council for Forestry Research
and Education (ICFRE), IIT-ISM Dhanbad, NIT Raipur,
and VNIT Nagpur. These partnerships help strengthen
our technical capabilities and provide expert guidance in
enhancing our environmental protection initiatives.

Our approach to environmental stewardship reflects our
broader commitment to sustainable mining practices. We
recognize the environmental and social impacts of our
operations and have developed a structured framework to
address them through interlinked focus areas. Each focus
area is supported by an internal management protocol,
shaped through rigorous peer review and in alignment with
evolving disclosure standards.

This framework is integral to our environmental charter
and closely aligned with our growth strategy, ensuring
that sustainability remains central to our long-term
operational vision.

13.5    Commitment to set aside sufficient funds to cover
closure and rehabilitation

The "Mine Closure Obligation Scheme" was voluntarily
introduced by NMDC during the financial year 2009-10.
Under this initiative, NMDC currently contributes INR 12
to 94 per tonne of ore excavated based on the individual
project, with the amount being deposited with LIC.

These funds are earmarked for implementing various
components of the Mine Closure Plan, including land
reclamation, stabilization of waste rock dumps, demolition
of infrastructure, and reforestation of disturbed areas.

As of 31.03.2025, the total corpus accumulated with LIC
under this scheme stands at INR 1,469 crore.

13.6    Managerial responsibility for land closure and
rehabilitation

The responsibility for the implementation of the Conceptual
Mine Closure, Reclamation & Rehabilitation Management
Plan of all the Mines rests with the Management Team at
different Project of NMDC. Internal reporting requirements
are being outlined by the Management at different projects
and are delegated to the relevant staff.

All the closure activities, reclamation & Rehabilitation
plan are being executed as per the approved Progressive
Mine Closure Plan.

Further, during the Final Mine Closure , all the closure
activities will be taken care as per the approved Final
Mine Closure Plan.

14.0 SAFETY

Mine Safety - Activities

NMDC has its training centres in all its projects. They are
equipped with infrastructure as required under Mines
Vocational Training Rules. These centres cater to the needs
of basic training, refresher training and training for skilled
workers and also for those injured on duty.

Health & Safety continue to be our priority with employees
& contractual workmen at our Projects adhering to the
SOPs & Safety norms. NMDC appreciate that safety
is a journey & is committed to continually improve its
performance and set high standards.

In each mining project of NMDC sufficient number of
Workmen Inspectors are nominated/appointed for Mining
operations, Mechanical and Electrical installations as per
statutory requirements for carrying safety inspections.

Mine Level Tripartite Safety Committee Meetings (MLTSCM)
are being conducted once in a year at Project Level with
Senior Officials, Union Representatives and DGMS Officials
in which Safety Performance and its appraisal are made
and the recommendations are implemented.

Corporate Level Tripartite Safety Committee Meeting is
being held regularly once in a year at Head Office and the
recommendations are implemented.

NMDC is committed to maintaining the highest standards
of safety across all its mining operations. To ensure
robust safety governance, Safety Committees have
been constituted at each operating mine. Monthly Pit
Safety Meetings are held to discuss safety issues,
review workplace conditions, and implement necessary
corrective measures.

A comprehensive Safety Management System (SMS)

has been implemented across all mines. As part of this
system, regular Risk Assessment studies are undertaken
to proactively identify and mitigate potential hazards
in the workplace.

To further enhance safety standards and ensure compliance
with evolving regulations, Internal Safety Audits have been
institutionalized. These are carried out at two levels:

•    Intra-project safety audits, conducted within each
project on a regular basis.

•    Inter-project safety audits, conducted every six
months, enabling cross-learning and standardization
of best practices across projects.

In addition, External Safety Audits form an integral part of
our safety assurance process. These audits are conducted
in collaboration with expert agencies such as M/s ESIC,
providing an independent evaluation of our safety systems
and helping identify areas for improvement.

Safety training is a key focus area in NMDC’s operational
philosophy. Extensive safety training programmes are

conducted regularly to instil safe work habits and create
a strong safety culture among employees. Behaviour-
Based Safety (BBS) training is also provided to promote
awareness, accountability, and proactive safety behaviour
at all levels of the workforce.

The Severity Rate for the year 2024-25 is 19.18 and
Injury frequency rate is 0.15.

(Severity Rate = Mandays lost per 100000
Mandays worked).

OHS Activities:

Occupational Health Services have been provided with
adequate manpower and infrastructure and are functioning
in full-fledged manner at all the Projects, headed by
Qualified Doctors trained in OHS at Central Labour
Institute, Mumbai.

Periodical Medical Examination under statute is carried out
regularly in all the projects.

NMDC strives to ensure that workers are not exposed to
occupational hazards that negatively affect their health.
NMDC also has well equipped hospitals with capable
medical teams available 24/7 to support the health & well¬
being of the workers & the surrounding community.

Integrated Management System (IMS) Comprising of
Quality Management System (QMS) - ISO 9001:2015;
Environmental Management System (EMS) - ISO
14001:2015; Occupational Health & Safety Management
System (OHSMS) - ISO 45001:2018 & Social Accountability
- SA 8000:2014 Certification Standards.

All the NMDC Production Projects viz. Bailadila Iron
Ore Mine, Kirandul Complex (BIOM, KC); Bailadila Iron
Ore Mine, Bacheli Complex (BIOM, BC); Donimalai Iron
Ore Mine & Kumarswamy Iron Ore Mine, Donimalai
Complex (DIOM & KIOM) are accredited with Integrated
Management System (IMS).

15.0 IMPLEMENTATION OF INTEGRITY PACT:

With the objective of improving transparency in
procurement, NMDC had entered into MOU with
Transparency International India for implementation of
Integrity Pact Programme during September 2007. NMDC
is the first Mining Navratna Company which entered into
Integrity Pact Programme in the year 2007.

Initially, the threshold value for procurement & contracts for
entering into the Integrity Pact have been fixed as follows: -

To widen the coverage of procurements / contracts under
Integrity Pact, the threshold limits have been revised during
2009 as under:

Subsequently, to cover majority of cases under Integrity
Pact, the threshold limits have been reduced to H1.00 crore
for procurements / contracts w.e.f. September 2018.

During 2024-25, 380 tenders valuing H4111 crores were
covered under this category.

Transparency in procurements

In order to enhance transparency in procurements &
increasing competitiveness, our company adopted the
following modes of tendering:-

•    e-Procurement:

All procurement tenders are processed through
e-Procurement mode at HO & Projects. Reverse
e-auctions are conducted for high value Equipments,
spares & consumables, wherever possible, by
declaring upfront in the tender document.

•    Mode of Tendering:

Efforts are continuously taken to minimize proprietary
& single tender purchases, details of Single Tender
/ Proprietary cases for the last 05 are H271.85 lakhs
(26 cases) during 2019-20, H3975.96 Lakhs (33 cases)
during 2020-21, H13939.95 Lakhs (56 cases) during
2021-22, H17689.98 Lakhs (93 cases) during 2022-23,
H19275.01 Lakhs (53 cases) during 2023-24.There has
been considerable decrease in procurement of items
on Proprietary on single tender purchases during
2024-25, total 24 cases of valuing of H 5472.05 Crores.

Open/global tenders are resorted to by
giving generalized specifications & drawings,
wherever possible.

•    Pre-qualifying conditions:

In view of digitalization & automation of HEMM
Equipments, PQC for HEM equipments tenders have
been reviewed and a structured PQCs have been
made by technical department for wide participation.

•    GeM Portal:

Procurement through GeM portal as per the guidelines
of GOI, is being done for the Materials which are
available in the GeM Portal. Total 2146 orders valuing
H718 crores were placed during the year 2024-25,
against the targeted value of H 500 Crores.

•    Integration of GeM Portal with NMDC ERP system:

GeM Portal is integrated with ERP
system on 06.03.2025

•    CPP Portal:

MM Dept. is posting tenders in the CPP portal except
Single tender and proprietary items. All the bidders
approaching through CPP portal for entering in NMDC
are invited for registration with NMDC or conducting
trial with NMDC for ensuring their quality product.

•    File Lifecycle Management (FLM):

MM dept has taken initiation for the implementation
of FLM - Digital file moment instead of paper file
movement at Head Office & Projects.

a)    100% procurement files moved
through FLM system

b)    Flip Book system designed & developed

c)    HTML Print Preview Report
designed & developed

d)    Name, Designation, Project
reflecting on Workflow

e)    DoP Clause inclusion option developed
and implemented.

f)    Generation of e-mail to sender and receiver on
movement of FLM file.

g)    Total no. of files processed through
FLM system 3498.

(HO-252, KDL-1069, BCH-1100, DIOM-570,
Panna-279, PPT-114, Others-114)

A pioneer in beneficiation, NMDC’s R&D Centre is at the
forefront of developing dry beneficiation techniques for
various ores and minerals—addressing the growing need
for water-efficient, sustainable mineral processing solutions.

For a detailed account of R&D projects, capabilities and
activities, please refer to Annexure- II attached to the
Board’s Report.

GLOBAL EXPLORATION CENTRE, RAIPUR

The Global Exploration Centre of NMDC, located in Raipur,
is actively engaged in ongoing exploration activities
across NMDC’s mining leases. Each year, the Centre
contributes to the addition of new mineral reserves. NMDC
is committed to complete G1 level exploration across all its
existing mining leases.

17.0 IMPLEMENTATION OF OFFICIAL LANGUAGE
POLICY

NMDC continued the implementation of Official
Language Policy of Government of India effectively at its
Headquarters, Projects, and Units. Hindi Parangat training
to personnel was continued this year also in NMDC. So
far, 179 personnel from Head Office have successfully
completed their Hindi Parangat training. Hindi workshops
were organized every quarter at Head Office and in all the
projects. Official Language Implementation Committee were
also held every quarter.

Rajbhasha Technical Seminars were organized at Donimalai
Iron Ore Mines, Donimalai Complex and Bailadila Iron
Ore Mines, Bacheli Complex. Head Office organized an
Inter-PSU Hindi speech competition on August 6, 2024
for the personnel of all CPSUs located in Hyderabad.

A Hindi workshop for all CPSUs was organized on
January 10, 2025 under the aegis of TOLIC (Undertaking),
Hyderabad-Secunderabad.

Hindi fortnight was organized in all projects and units
along with Head office. On the occasion messages of
CMD were published in Hindi newspapers and were also
posted on social media platforms. Various competitions
were also organized and prizes were distributed. To
maintain continuity in the use of official language Hindi in
official work, monthly Hindi competitions were organized
in addition to Hindi fortnight and prizes were distributed
as encouragement.

Half yearly Hindi magazine "Khanij Bharati" was published
from the Head Office. In addition, projects also published
Hindi/bilingual/trilingual magazines such as Baila
Samachar, Bacheli Samachar, Doni Samachar, Heera
Samachar etc. Apart from this, 'Sarjana' were published in
Hindi from Kirandul.

A special workshop on the updated questionnaire of
the Parliamentary Committee on Official Language was
conducted for the Official Language Officers working at the
Headquarters and all the projects on August 28, 2024 at
NMDC Limited, HQ under the aegis of the Ministry of Steel.

Keeping in view the objective of propagating Official
Language Hindi among the students, NMDC organized
a speech competition for girl students on December
10, 2024 in the college campus of St. Ann's College for
Women, Hyderabad.

All India Seminar of Official Language Officers was
organized by NMDC Limited, Hyderabad under the aegis
of Ministry of Steel on 21 February 2025. The seminar
was attended by Senior Officers from Ministry of Steel as
well as Official Language Officers of Steel CPSEs, TOLIC
(Undertakings), Hyderabad-Secunderabad and Rajbhasha
Officers from all the projects and regional offices of NMDC.

Rajbhasha Kirti (Second) Prize was conferred on NMDC
Limited during Hindi Day and Fourth All India Rajbhasha
Conference organized by Department of Official Language,
Ministry of Home Affairs in New Delhi on 14 and 15
September, 2024. Further, Deputy General Manager (Official
Language) of the NMDC was awarded third prize in PSU
category in All India Kanthasth 2.0 Competition.

NMDC Limited, Head Office received the Rajbhasha Shield-
First Prize in the category of Mid-Sized PSUs in Hyderabad
from Town Official Language Implementation Committee
(Undertakings), Hyderabad-Secunderabad.

Official Language House Magazine "Khanij Bharati" of
Head Office also won First prize in the e-magazine category
of Town Official Language Implementation Committee
(Undertakings), Hyderabad-Secunderbad.

18.0 DETAILS REQUIRED TO BE FURNISHED IN
TERMS OF MICRO, SMALL AND MEDIUM
ENTERPRISES DEVELOPMENT ACT, 2006
(MSMED).

The company has taken the following steps to procure
goods and services from MSE firms, MSE SC/ST & Women
entrepreneurs. NMDC has conducted exclusive MSE SC
/ ST vendor meets at its projects in Chhattisgarh and
Karnataka and also at Hyderabad to understand the tender
process and our requirement.

NMDC has participated in the various vendor meets
organised by Ministry of Micro, Small & Medium Enterprises
in association with FICCI/DICCI. Besides NMDC has
organised 13 Nos. Vendor Meets / programmes at various
places in total during 2024-25.

NMDC interacted with prospective MSE entrepreneurs encouraging them for supply of goods for various plants at Bailadila,
Donimalai & Panna.

For encouraging MSE SC/ST firms, exclusive trials are being conducted and after successful trials the firms are given tender
enquiry in Limited Tender. Moreover, against the qualification criteria in tenders we have not received any complaint / request
with regard to relaxing tender terms & conditions.

The procurement from MSE firms during FY 2024-25 details are as below:

All above details are updated on Samadhaan Portal on monthly basis.

19.0    MANPOWER

19.1    Employee-Employer Relations

At NMDC, harmonious employee-employer relations
remain a cornerstone of our organizational strength and
productivity. The Company has consistently fostered a
collaborative and inclusive work environment built on
mutual respect, trust, and open communication.

Regular interactions with employee representatives, trade
unions, and welfare committees are held to address
concerns, improve workplace policies, and ensure
alignment with organizational goals. NMDC continues
to uphold high standards of industrial relations by
promoting transparency, equitable HR practices, and
proactive engagement.

During the year, there were no significant instances of
industrial unrest. Various capacity-building initiatives,
welfare measures, and grievance redressal mechanism
have been strengthened to enhance employee satisfaction
and productivity.

NMDC recognizes employees as its most valuable
asset and remains committed to maintaining cordial
and progressive employee-employer relationships that
contribute to the Company’s sustainable growth and
inclusive development.

19.2    Scheduled Castes & Scheduled Tribes:

36 persons belonging to Scheduled Castes and 38 persons
belonging to Scheduled Tribes were appointed during the
year 2024-25 against 217 posts filled in direct recruitment.

19.3    Strength of SCs and STs as on 31.03.2025.

The manpower strength of NMDC as on 31.03.2025 was
5,677. The other details are as under:-

19.4    Particulars of employees drawing remuneration
of J8.5 lakhs per month or J1.02 crores per
annum under Section 197 of the Companies Act,

2013    read with Companies (Appointment and
remuneration of Managerial Personnel) Rules,

2014    as amended.

Nil

19.5    Staff Welfare activities

Adequate facilities for education, health, accommodation
and recreation were in place. Various Bipartite fora have
been functioning satisfactorily.

19.6    Promotion of Sports

Sport tournaments were arranged for the employees, the
wards of employees and also for the local youth.

19.7    Statement on Prevention of Sexual Harassment of
Women at Workplace

•    NMDC Limited is committed to providing a safe,
secure, and respectful work environment for all
employees, with special emphasis on ensuring the
dignity and protection of women at the workplace.

The Company strictly complies with the provisions
of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013.

•    In accordance with the Act, Internal Committees
(ICs) have been constituted at all establishments and
Projects of NMDC. These committees are empowered
to receive and redress complaints related to sexual
harassment in a timely and confidential manner.
Awareness programs and sensitization workshops
have been conducted during the year to educate
employees about appropriate workplace conduct and
the mechanisms available for redressal.

•    During the financial year 2024 - 25:

a.    No. of Complaints of sexual harassment received
during the Year : 03

b.    No. of Complaints of sexual harassment
disposed off during the Year : 01

c.    No. of Complaints of sexual harassment cases
pending more than Ninety Days : Nil

•    NMDC remains fully committed to fostering a work
culture that is free from harassment, promotes gender
equality, and upholds the highest standards of
integrity and respect.

19.8 Statement on Compliance with the Maternity
Benefit Act, 1961

NMDC Limited is committed to upholding the rights and
welfare of women employees in accordance with the
provisions of the Maternity Benefit Act, 1961. The Company
ensures that all eligible women employees are provided
maternity benefits as prescribed under the Act, including
paid maternity leave, nursing breaks, and protection against
dismissal during maternity leave.

During the financial year, NMDC has strictly adhered
to all statutory provisions of the Maternity Benefit Act,
including amendments thereof. Awareness sessions and
communication regarding entitlements under the Act have
also been conducted for employees. Suitable facilities and
a supportive work environment are provided to ensure the
health, dignity, and well-being of women employees during
and after maternity.

The Company remains committed to promoting gender
equity and supporting a family-friendly workplace.

20.0    Corporate Social Responsibility

20.1    Flagship programmes under CSR for FY 2024-25

The CSR flagship programmes and initiatives undertaken/
continued by the company during 2024-25 are as follows:

A) Education

•    Operation of Residential School for tribals
at Nagarnar, Bastar District, Chhattisgarh.
Established in the year 2010-11, at present the
school has around 600 students in Class I to XII.

•    Operation of Industrial Training Institute (ITI)s
at Nagarnar and Bhansi in Bastar & Dantewada
districts of Chhattisgarh. Annual intake in
Nagarnar ITI-36 and 128 in Bhansi ITI.

Board in FY 2024-25, has approved introduction
of Computer Operator and Programming
Assistant (COPA) trade in NMDC ITI Bhansi.

•    Support to nutritious & wholesome Mid-Day Meal
Scheme around Donimalai mines, with coverage
of 8000 Govt. school children in 38 Govt. schools
of Sandur Taluk in Bellary district in a radius of 25
Km from NMDC operations.

•    NMDC Balika Shiksha Sahayog Yojana,
providing scholarships to girl students from BPL
families of Bastar Division (Chhattisgarh) and
Donimalai (Karnataka) to encourage education
beyond 8^th standard.

•    Operation of Polytechnic College at Dantewada
with an intake of 126 students per year in
Mechanical and Electrical trades.

•    Balika Shiksha Yojana - sponsoring tribal girl
students from Bastar Division, Chhattisgarh to
Nursing Courses. The number of beneficiaries
was increased from 40 to 85 from this academic
year. Since 2011-12, 582 students have

been sponsored under this scheme resulting
in improvement in healthcare delivery in
Bastar Division.

•    Financial assistance for operation of Astha
Gurukul (residential school with 1200 capacity
for orphans, SC/ST & BPL children), Saksham
{100% specially-abled residential school of
capacity 100 in each Saksham I (for boys) &
Saksham II (for girls)} & Choo Lo Aasmaan
(coaching for various National level engineering/
medical examinations along with regular classes
from class 9^th to 12^th standard with annual intake
of 80 boys and 80 girls).

B)    Healthcare, Nutrition, Water & Sanitation

•    Free treatment at Project Hospitals, Hospital on
Wheels (mobile medical vans), Medical Camps,
visits of Project Hospital Doctors and Para
medical staffs to the surrounding villages.

•    Blindness Free Bellary initiative aiming to
eliminate preventable blindness in the region
through free eye screenings, surgeries and
awareness programs.

C)    Infrastructure/ Rural Development

•    Various infrastructural development works viz.,
Construction of CC Roads, drains, culverts,
boundary walls of Community Centres etc. in

nearby villages to improve connectivity and
living standards.

20.2    CSR Activities initiated during FY 2024-25:

•    138 multi-year CSR projects proposed by State
Authorities of Chhattisgarh with an outlay of

H 108.92 crores.

•    18 CSR projects proposed by State Authorities of
Karnataka with an outlay or H 20.10 Crores.

•    Establishing outdoor/ open gyms at public places in
Secunderabad, Telangana.

•    Development works in Mandya District of Karnataka,
Karimnagar of Telangana & West Godavari District of
Andhra Pradesh.

20.3    Reasons for not spending the entire CSR amount
during FY 2024-25

The statutory CSR obligation for FY 2024-25, calculated
as 2% of the average PBT of the preceding three financial
years amounts to H 191.14 Crores.

CSR projects approved during FY 2024-25 amounts to
approx. H 217 Crores wherein majority of them are classified
as ongoing projects. These initiatives are scheduled for
completion over the next three financial years, which
accounts for the partial utilization of the allocated CSR
budget during FY 2024-25.

21.0 HUMAN RESOURCES DEVELOPMENT

During the financial year 2024-25, Corporate HRD
organized the following programmes:

External Training

Employees were sent for various Training Programmes,
Seminars, etc. which were organized by various external
organizations, institutes and professional bodies.

In-Company Training

Curated Programmes were conducted by engaging reputed
organizations, Trainers, institutes and professional bodies
on the following subjects.

•    Primavera P6 EPPM Software and Delay Analysis

•    Happiness and wellbeing

•    Public Procurement, Contracts, Preventive Vigilance

•    Programme for IO/PO

•    Spreading awareness on Vision 2.0 of NMDC

•    Reservation in recruitment and Reservation Roster

Foreign Visits

In terms of the directives of DPE, Government of India,
no foreign trainings were organized. However, Corporate

HRD facilitated for participation in various international
events as below.

•    The Mining Show at Dubai

•    Mining Indaba at Cape Town, South Africa

•    IMARC, Australia

•    PDAC, Canada

•    AMP, Europe

22.0 VIGILANCE

The Vigilance department has undertaken several initiatives
during the fiscal year 2024-25, with a particular focus on
enhancing "Preventive Vigilance." This emphasis included
conducting Preventive Checks in key areas, addressing
complaints with appropriate corrective measures, and
implementing system improvements. Additionally, regular
training sessions on vigilance matters were organized
for employees by the Vigilance functionaries at both the
Corporate Office and various projects.

Training & Sensitization: Various sensitizing program
were conducted for awareness on vigilance matters for the
employees of the Corporation like:

•    Training Session for Project Officials on Disciplinary
Proceedings & Role of IO/PO, CDA Vs CCS

& Guidelines of DoPT & DPE on Disciplinary
Proceedings, Overview of the Vigilance & its
role in PSUs at Donimalai by Shri Upender
Vennam (CVO, BDL)

•    Training Session on Procurement in PSUs & related
Norms/Guidelines at NMDC Hyderabad by Shri.

Sanjay Aggarwal, Advisor, Public Procurement
Division Dept. of Expenditure, Ministry of Finance

•    Training Sessions on Prevention of Sexual Harassment
Act (POSH) & Ethics and Governance at NMDC
Hyderabad by Dr. Praveen Kumari Singh, Ex- Addl.
Secretary, CVC

•    Training Session on “Aspects of Preventive Vigilance”
at NMDC Hyderabad by Ms. Chandrima Roy (Ex¬
professor, IRFIM).

•    Session on “Procurement - Vigilance Perspective &
Recent Trends in Vigilance Complaints” by Shri. Amal
Das, Former CMD/Director (F)/Director (Pers.) NCL,
Former President, ICMAI

•    Training Sessions on “Recent Developments in
Public Procurement” & “Implementation of Important
Statutory Guidelines related to MSEs, MII, Concurrent
Application, Land Border Sharing by Shri. Amitabh
Datta, IES (Retd.), Advisor, Ministry of Railways (Retd.)
& Faculty, AJNIFM

•    Session on “CDA Rules, DoPT Guidelines, Disciplinary
Proceedings” by Shri. Upender Vennam, CVO

BDL and Midhani

•    Session on “Ethics & Governance” by Shri. K
Siva Subramani, IPS, DIG & Head of Branch,

CBI, Hyderabad

•    Training Session on “Procurement-A Vigilance
Perspective” by Smt. Harisha Vellanki, IRAS Dy.CVO/
Accounts & Medical South-Central Railways

•    Training Session on “Procurement through GeM”
by Shri. Anuj Kumar, Director-Administration &
Coordination, GeM

•    Training Session on “Leveraging Technology for
E-Vigilance & Forensic Audit” by Shri. P Sharath
Kumar, LLB, CFE, CFAP, FCA, CA & Fraud Examiner

•    Training Session on “Ethics & Governance” by
Shri. Himanshu Vishnoi, corporate coach at
DIOM, Donimalai

•    Key note address by Shri Mahesh M Bhagawat, IPS,
Addl DGP (L&O, Telangana) on Vigilance Awareness

•    Capacity building program on Ethics & Governance,
Awareness on Procurement by Shri Himanshu
Vishnoi, Shri Amal Das, Shri Amitabh Dutta at
Kirandul and Bacheli.

•    Training Session on “GeM Policy, Public
Procurement Guidelines” at Donimalai by Shri H.S.
Gowtama, GeM Portal

•    Capacity Building Programs for executives on “Labour
Compliance & Gender Sensitisation etc.” by Dr.
Praveen Kumari Singh, Advisor, Ministry of Labour,

Gol at Donimalai.

CVO, NMDC has also taken interactive sessions on
knowledge sharing and capacity building on Procurement
& other related topics at various Projects benefitting a large
volume of employees by creating awareness on the subject.

Quality Compliance: The systems and procedures
including the document handling, maintenance of records
is maintained to ensure that the Vigilance Department is
conforming to the Quality Management Systems as per
ISO 9001:2015 Standards. Vigilance Department in NMDC
has been upgraded to ISO 9001:2015 standards of Quality
Management System (QMS) for which M/s RINA India
Private Ltd. was engaged for routine surveillance audits and
Quality Certification until June 30, 2025.

Preventive Checks: Throughout the fiscal year 2024¬
25, the Vigilance department conducted a total of 361
Preventive Checks, comprising 77 surprise checks,

152 regular inspections, 109 file studies, 12 audit para

inspections, and 11 CTE type inspections across all
projects and the Head Office.

Complaint Handling: A total of 234 complaints were
received during the period and handled according to CVC
guidelines. The Complaint Handling Policy of NMDC,
effective from January 1,2022, was made available on the
company's website for wider dissemination.

E-Platform: Efforts were made to ensure transparency
in transactions through the company's website,
including details of contracts and bill payments.

Vigilance also promoted E-Procurement platforms for
tendering processes.

Integrity Pact: NMDC has adopted the Integrity Pact since
November 2007. As per the suggestions given by Vigilance
Department, the threshold value has been decreased to 1.0
Crore w.e.f. 07.09.2018.

Rotation of Vigilance officials: To ensure transparency
in vigilance works, necessary action has been taken for
rotation / repatriation of vigilance officers, and for inducting
of new officers in Vigilance department in compliance with
CVC guidelines.

Rotational transfer of officers in Sensitive Post:

Identification of Sensitive Posts has been carried out on
01.10.2022 for three years. The rotational transfer of officers
of other departments was also effected in compliance of
CVC guidelines.

Quarterly Review Meetings: The Quarterly Review-cum-
Coordination meeting of the Vigilance department with
CVO was held in April-2024, July-2024, October-2024 &
January-2025 and the said meeting was attended by all
the Vigilance Officers. Project-wise progress of vigilance
activities were reviewed. All VOs exchanged their views and
gave valuable suggestions.

Structured Meetings: Quarterly Structured Meetings of the
Vigilance department, chaired by the CMD, NMDC, were
held to discuss vigilance activities and address pending
issues for compliance. Review of Vigilance work was also
done by the Board.

Preventive Vigilance Training: In pursuance of CVC
directions / guidelines, training programs on Preventive
Vigilance is being arranged every month at NMDC in
compliance of CVC guidelines, covering Induction level and
mid-career level executives of HO, ROs and all Projects.

Vigilance Manual: To enhance transparency and
ensure the smooth functioning of Vigilance workings,

NMDC Vigilance Manual is in place, which serves as a
comprehensive guide for internal use in the organization,
outlining key guidelines and procedures laid down by the
Central Vigilance Commission.

Additionally, 4^th Edition of in-house bulletin Subodh have
been released on 1^st November 2024, which included
Vigilance-related articles, CVC circulars, and guidelines for
procurement awareness.

Online Vigilance Portal: NMDC Ltd has been working
in the online vigilance portal, which facilitates all most all
major day to day activities of the department.

System improvements suggested for
implementation during 2024-25

Several system improvement suggestions were proposed
during the fiscal year for compliance and implementation,
with several already implemented and the rest in progress.
The major initiatives /system improvements /suggestions/
recommendations which were implemented during the
period are briefed as below:-

1.    Vide circular No. HO(Works)/ Modifications/ Tender
Clauses/ 2024 dated 14.08.2024 has been issued from
the Works department for Restricting modifications

of Tender Clauses without consent/ approval of
Competent Authority.

2.    Office order no. NMDC/ DoP/2023/02 dated
29.04.2024 is issued regarding “Constitution of Tender
Opening Committee & Tender Scrutiny Committee”
for cost-based gradation of TSC members and
Constitution of TSC members.

3.    Contract Management Manual has been updated
with incorporation of guidelines of DoE manuals and
released on 18.10.2023 in the organization, which
were further updated on 20.07.2024 & Materials
management Manual is updated and hosted in NMDC
website on 28.10.2024.

4.    With respect to the “Commercial Loading of PIT
Iron” at NSL, Nagarnar, SOP for Road Dispatch
of Secondary products have been formulated and
implemented by the concerned department.

5.    An amendment to Rule 24 of the NMDC CDA
Rules has been issued vide Office Order No. 1(47)/
Rules/2009/Vol.V dated 12.11.2024.

Vigilance Awareness Week

The vigilance campaign conducted by NMDC from 16^th
August to 15^th November 2024, culminating in Vigilance
Awareness Week (28^th October to 3^rd November 2024),
aimed to embed the theme "gc'lzai HS gflV g ar? HS g'fig
- Culture of Integrity for Nation’s Prosperity" across the
organization. This initiative included a mix of preventive
vigilance and outreach activities to promote transparency,
ethical behaviour, and awareness among employees,
stakeholders, and the broader community. The following
sections outline the key activities under preventive vigilance
and outreach efforts conducted during the campaign.

A.    Preventive Vigilance Activities:

i.    Complaint Resolution: All complaints were
addressed as per CVC directives.

ii.    System Improvements: An amendment to Rule
24 of the NMDC CDA Rules has been issued
vide Office Order No. 1(47)/Rules/2009/Vol.V
dated 12.11.2024. Also, many other systemic
improvement suggestions were complied.

iii.    Digital Presentation: Online presentation at CVC
on 2^nd August 2024 was recognized and featured
in a CVC video shown during an event with the
Hon’ble President of India.

iv.    Manual Revisions: The Procurement Manual of
Goods was updated to align with DOE's 2022
guidelines and published on NMDC's website.

v.    Pledge Ceremony: Employees and 5272
students from 31 schools took integrity pledges.

vi.    Seminars and Workshops: Held 48 programs
on public procurement, cybersecurity, and
ethics, benefiting 1006 officers, Junior
executives & Workmen.

vii.    Quizzes: Conducted at various units, involving
146 participants, including a special quiz for the
Slurry Pipeline.

viii.    Special Magazine: Released ‘Subodh’ 4^th edition
with articles on Digital practices in Mining Sector,
ethics and CVC updates and monthly magazine
at Panna and Kirandul indicating the vigilance
events was released.

ix.    Grievance Meetings: Two sessions held
with contract labourers at Donimalai for
addressing concerns.

B.    Outreach Activities

i.    Gram Sabhas: Organized five meetings
with 320 villagers at Bacheli and Kirandul to
discuss transparency.

ii.    Street Plays: Performed five skits involving 43
students to spread anti-corruption messages,
shared via WhatsApp.

iii.    Rallies/Walkathons: Held on 31^st October 2024
in honour of Sardar Patel’s birth anniversary, with
community and employee participation.

iv.    Competitions: Essay and poster contests
with 2704 participants, showcasing entries in
offices and online.

v.    School Programs: Engaged 5272 students
from 31 schools in ethics-based activities like
storytelling and poster-making.

vi.    Media Outreach: Conducted ‘VigGyan’
campaigns, sent 1178 SMS and 3242 emails, and
published 45 newspaper articles.

vii.    Banners and Posters: Displayed 85 banners, 21
standees, 600 pamphlets, and 200 e-messages
promoting vigilance themes.

viii.    Valedictory Ceremony: Featured speeches,
prize distribution for competition winners, and
participation certificates for students.

23.0 IMPACT OF THE HON’BLE SUPREME COURT
OF INDIA JUDGEMENT WITH REFERENCE
TO THE WRIT PETITION (CIVIL) NO.114/2014
DATED 02.08.2017

i.    The Company has been legally advised that the
judgment of the Hon'ble Supreme Court in Writ
Petition (Civil) No. 114/2014 dated 02.08.2017 has
no direct impact on NMDC. However, should it be
applied to NMDC at a later stage, it could affect the
Company's profitability.

Meanwhile, the Bailadila Projects of NMDC received
Show Cause Notices dated 31.07.2018 from the
District Collector, Dantewada, questioning why NMDC
should not be directed to pay compensation of
H 7241.34 crores, as per the Supreme Court judgment.
NMDC was asked to respond by 31.08.2018.

As per the legal opinion obtained, the judgment is
not applicable to NMDC, and thus, no compensation
is payable. NMDC responded to the Show Cause
Notices and contested the demand before the
Collector, Dantewada, and other appropriate
authorities. The Company has also filed objections
with the District Collector, South Bastar, Dantewada.

ii.    On 26.09.2019, the State Government issued revised
Show Cause Notices reassessing penalties at
H1623.44 crores. NMDC once again did not accept the
revised penalties.

iii.    The Collector, Dantewada, issued final demand
notices on 15.11.2019 for 1390.03 crores towards
excess production and H233.41 crores for violation
of Environmental Clearance (EC) capacity, totalling
H1623.44 crores.

a)    NMDC deposited H600 crores on 10.12.2019
under protest with the Chhattisgarh

State Government.

b)    NMDC filed two Writ Petitions (Civil)
WPC/612/2020 and WPC/616/2020 before the
Hon'ble High Court of Bilaspur on 22.01.2020,
challenging the final demand notices dated
15.11.2019 on the ground of alleged excess

extraction of iron ore beyond the environmental
clearance capacity during 2000-2017. The
following reliefs were sought :

i.    To issue a writ of certiorari or any other
appropriate writ, declaring the demand
notice dated 15.11.2019 as illegal,
without jurisdiction, and in violation of
Article 19(1)(g) and Article 246 of the
Constitution of India.

ii.    To set aside the impugned demand
notice dated 15.11.2019 for penalty and
compensation relating to excess production
over EC limits. To grant any other relief
deemed fit by the Hon'ble High Court, in light
of the facts and circumstances of the petition.

c) The matter was listed for hearing on 19.02.2020.
After hearing both parties, the Hon'ble High
Court passed the following order.

As prayed, both cases were directed to be listed
for hearing on the next date. Considering the fact
that NMDC has already deposited H600 crores,
the Hon'ble Court ordered that no coercive
action shall be taken against the petitioner until
the next date of hearing.

The respondents were also directed to submit
data regarding the petitioner's production
exceeding the Environmental Clearance (EC)
limits by the next hearing.

The matter was last listed on 20.09.2024, and the
interim stay was extended thereafter. However,
the case has not been listed since then.

iv. A revision application (No. 12/(01)/2020/RC-II) was also
filed on 24.01.2020 before the Hon'ble Mines Tribunal,
Ministry of Mines, Government of India, New Delhi,
challenging the validity of the demand notices dated
15.11.2019. The following reliefs were sought: To set
aside the penalties related to alleged excess production,
arguing that the demand is without jurisdiction, illegal,
arbitrary, violative of natural justice, and ultra vires the
MMDR Act, 1957. To pass any other appropriate orders
in the interest of justice and the public good. Last
hearing was held on 17.01.2025 and adjourned.

NMDC is actively pursuing the matter.

24.0 DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Act, the Board
of Directors, to the best of its knowledge and
ability, confirm that:

i)    in the preparation of the annual accounts, the
applicable accounting standards have been followed
and there are no material departures;

ii)    They have selected such accounting policies and
applied them consistently and made judgments and
estimates that are reasonable and prudent so as to
give a true and fair view of the state of affairs of the
Company at the end of the financial year and of the
profit of the Company for that period;

iii)    they have taken proper and sufficient care for the
maintenance of adequate accounting records

in accordance with the provisions of the Act for
safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;

iv)    they have prepared the annual accounts on a going
concern basis;

v)    they have laid down internal financial controls to be
followed by the Company and such internal financial
controls are adequate and operating effectively;

vi)    they have devised proper systems to ensure
compliance with the provisions of all applicable
laws and that such systems are adequate and
operating effectively.

Based on the framework of internal financial controls and
compliance systems established and maintained by the
Company, the work performed by the internal, statutory and
secretarial auditors and external consultants, including the
audit of internal financial controls over financial reporting
by the statutory auditors and the reviews performed by
management and the relevant board committees, including
the audit committee, the Board is of the opinion that the
Company’s internal financial controls were adequate and
effective during FY 2024-25.

25.0    DECLARATION ON MEETING THE CRITERIA
OF INDEPENDENCE AS PER THE COMPANIES
ACT, 2013 AND SEBI (LISTING OBLIGATIONS
AND DISCLOSURE REQUIREMENTS)
REGULATIONS, 2015.

The Independent Directors have given a declaration
on meeting the criteria of independence as stipulated
in Section 149(6) of the Companies Act, 2013 and
Regulation 25(8) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 in the FY 2024-25.

26.0    COMPANY’S POLICY ON DIRECTORS’
APPOINTMENT AND REMUNERATION

Being a Government company, all Directors on the Board of
the company are appointed by the Administrative Ministry,
i.e. Ministry of Steel, Government of India and their terms of
appointment including remuneration are determined as per
extant policies / guidelines of Government of India.

27.0    NUMBER OF BOARD MEETINGS HELD

During the year under review, 12 (Twelve) meetings of
the Board were held. For further details, reference may
kindly be made to Corporate Governance Section of
the Annual Report.

28.0    NMDC STRATEGIC MANAGEMENT PLAN
(NMDC VISION 2025)

A long-term strategic management plan (SMP), ‘Vision
2025’ was formulated which envisaged an iron ore
production capacity of 67 MTPA. This expansion
plan included brownfield expansion of existing mines
and developing greenfield mines in partnership with
Chhattisgarh Mineral Development Corporation. A joint
venture of NMDC & CMDC (NCL) is in process of starting
operations from Dep-13 Iron Ore Mine in the Bailadila
Region. The Government of Chhattisgarh has notified the
allocation of Dep-4 to NMDC in Sep’19 for prospecting and
mining operations. Various clearances are in process for
development of the Mine. By the end of FY 2025, NMDC
has achieved an EC Capacity of 64.8 MTPA.

India is presently the world’s second-largest producer of
crude steel. In FY’25, the production of crude steel stood
at 152 MT with a growth of 5% over the previous year. The
growth in the Indian steel sector has been driven by the
domestic availability of raw materials such as iron ore and
cost-effective labour. Consequently, the steel sector has
been a major contributor to India’s manufacturing output.

The Government of India announced a production linked
incentive (PLI) scheme for speciality steel. The scheme
is expected to attract investment worth ~H 400 billion
(US$ 5.37 billion) and expand speciality steel capacity
by 25 million tonnes (MT) to 42 MT by FY’27. NMDC is
also reviewing its long-term plan based on the increase
in demand & growth in the iron & steel industry after the
pandemic. As per National Steel Policy, the country has
envisaged increasing its steel production capacity to 300
MTPA by FY’31. The wide range of continuing infrastructure
projects could support growth in steel demand to reach our
envisaged target of per capita steel consumption of 158 Kg
by FY’31 in the long term. NMDC is actively pursuing an
Iron Ore Production ramp-up plan to further increase its iron
ore production capacity to 100 MTPA by FY’30.

In FY’25, the Company has progressed significantly on
various activities to enhance its production capacity
completion of various projects and significant progress
in other ongoing projects. Rapid Wagon Loading System
(RWLSI) at Kirandul Complex has been completed and
Screening Plant (SP-III) at BIOM Kirandul Complex has
progressed well in construction activities. Further, NMDC
is planning to enhance the EC capacities of mines in the
mining complexes of Bailadila and Donimalai. Further to
the demerger of NMDC Steel Limited, NSL plant has been

commissioned and started production during FY 23-24. The
plant is under stabilization stage.

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, 84% of work has already been
completed & the project is likely to be completed by FY’26.
The completion of this project will augment the evacuation
capacity of the Bailadila sector through the Railway line
from 28 MTPA to 40 MTPA.

Activities for Phase-1 of Slurry Pipe Line including 2 MTPA
capacity Ore Processing Plant (OPP) at Bacheli, 15 MTPA
capacity Slurry Pipeline System (130 km) from Bacheli to
Nagarnar and 2 MTPA capacity Pellet Plant at Nagarnar,
are under progress. The first phase of project is likely to be
completed in FY’26.

Ministry of Coal has allocated two Coal Blocks namely
Tokisud North Coal block & Rohne Coal Block on 17^th
March 2020 for commercial sale & captive purposes. NMDC
has appointed MDO for Tokisud North Coal Block and
plans to start its operations in FY’26. Various activities like
land acquisition etc. are under progress.

Besides the expansion plan, the SMP also envisaged
the introduction of systemic interventions in six strategic
transformation areas - Business, Operations, Sustainability,
Capital Projects, Human Resource and IT. NMDC has
implemented an ERP system across all projects in FY’21,
License-to-Operate (the computer based model in which all
the statutory approvals will be brought under one umbrella).
Implementation of Mines Transport Surveillance System
(MTSS)- Weighbridge automation/ Virtual Fencing/ Geo
Fencing/ GPS/ Proximity Warning Device for dumpers/
CCTV Surveillance/ Wireless Networking has been
completed at Donimalai. NMDC has further taken initiative
to venture into the fleet management system and it is under
final stage of implementation in Bailadila Sector. Efforts
are being made to install an automatic (robotic) sampling
& analysis system, vision enhancement system, conveyor

monitoring system and 3D Volumetric and Laser Scanner
System to enhance its digital strength. As a part of its
Digital Strategy, NMDC has envisioned to implement the
Integrated Command and Control centre for its mines by FY
2030. NMDC has also prepared a Master Plan for various
Digital Initiates to enhance Efficiency, Productivity, Safety
and Sustainability in its operating mines in line with Vision
Plan 2030 of producing 100 MTPA Iron Ore by 2030.

As part of the master plan, the following digital initiatives
have been identified for implementation in a Phase manner:

•    Upgradation of Unified Mine Logistic Management and
Surveillance System (UMLMSS) at Donimalai Complex

•    Establishment of Integrated Control and
Command Centre (ICCC) with CCTV Surveillance
System and PA System

•    Realtime Stockpile Management System

•    Implementation of Digitally Enabled Drilling and
Blasting Design and Optimization Solution

•    Implementation Smart HEMM

•    Implementation of Smart Metering

•    Gate Pass Automation

•    Slope Stability Monitoring

•    Contract Labour Management

•    Condition Based Monitoring at Plants

•    Vision Enhancement for Dumper Movement
during Foggy Weather.

NMDC is publishing Business Responsibility and
Sustainability Report (BRSR) and Report as per the Global
Standards and is planning to achieve the global standards
in a time bound manner. As the world is now traversing
more uncertainty than ever, NMDC is focusing on building
sustainable and resilient businesses to survive in the long
run and to make a meaningful contribution against climate
change through environment, social and governance (ESG)
initiatives. All mines of NMDC have been awarded 5 Star
Rating by the Ministry of Mines.

29.0 CHANGE IN DIRECTORS / KEY MANAGERIAL PERSONNEL (KMP)

The following changes had occurred in the Board of Directors during the financial year 2024-25:-

On elevation of Shri Amitava Mukherjee, Director (Finance) as Chairman & Managing Director of the Company, he ceased to hold
the charge of Chief Financial Officer (CFO) of the Company w.e.f. 06.03.2025.

The following changes had occurred in the Key Managerial Personnel (KMP) during the financial year 2024-25:-

30.0 AUDITORS FOR FY 2024-25

a. Statutory Auditors

As per communication received from Comptroller and Auditor General of India, New Delhi, your Company appointed the following
firms of Chartered Accountants as Statutory Auditors of the Company for the year 2024-25:

b.    Cost Auditors

M/s B Mukhopadhyay & Co,

Cost Accountants
B 20, Amarabati,

Sodepur

Kolkata - 700 110.

c.    Secretarial Auditors

M/s B.R. Agrawal & Associates

Company Secretaries

C/o Goyal Enterprises, Opp Hotel Simran,

Civil Station Road, Raipur, Chhattisgarh-492009

31.0 IMPLEMENTATION OF RIGHT TO INFORMATION (RTI) ACT, 2005

All the provisions of the RTI Act 2005 are being complied with by the Company. In order to ensure timely disposal of RTI
applications, PIOs have been appointed in each of NMDC’s Units. A close monitoring of the RTI applications received is done to
ensure that the replies are sent in time. Transparency Audit /Third party Audit towards proactive disclosure under RTI Act, 2005
has been conducted.

The number of RTI queries received and disposed during the year is as under: (from 01.04.2024 to 31.03.2025)

RTI Matters

NMDC has published on its website www.nmdc.co.in,
information under Section 4(1)(b) of the RTI Act 2005.
Details of Public Information Officer and Appellate Authority
are being updated regularly for the information of the
public. Annual reports of the Company which gives lot
of information on its working are widely circulated and
also available in NMDC's website. Further information is
disseminated through press conference, press handouts
etc. NMDC maintains all its records in a transparent
manner. Information is given to the maximum extent in the
form, in which it is asked for and in the local language as
well, when needed.

32.0    DETAILS OF SIGNIFICANT AND MATERIAL
ORDERS PASSED BY THE REGULATORS OR
COURTS OR TRIBUNALS IMPACTING THE
GOING CONCERN STATUS AND COMPANY’S
OPERATION IN FUTURE - Nil

33.0    AWARDS RECEIVED BY THE COMPANY

The details of awards received by the Company
are as follows:-

•    NMDC won the “Performance Excellence Award
2023-24” at the 24^th CEOs Conference organized by
the Indian Institution of Industrial Engineering (IIIE) on
31^st May 2024 at Mussoorie.

•    NMDC received the “Sustainable Champion Award” at
the Sustainability Summit and Awards 2024, held on
29^th May 2024 at Goa.

•    NMDC was awarded First Prize in the NARAKAS
Rajbhasha Language Shield initiative at the 59^th
Half-Yearly Meeting of NARAKAS held on 29^th May
2024 at Hyderabad.

•    NMDC Bacheli Complex secured 3^rd Prize in the
“Metal Above Ground - Large Category” at the Mines
Safety Award 2024, organized by the All-India Mines
Safety Association under the aegis of DGMS.

•    The Government of India conferred the Rajbhasha
Kirti Award (Second Prize) to NMDC among PSUs of
the ‘C’ region for 2023-24 at a ceremony held on 14^th
September 2024 in Delhi.

•    Hindi House Journal of NMDC, HO received First
(Joint) Prize for Best Hindi Magazine from Town
Official Language Committee of CPSUs in Hyderabad
during the meeting held on 11^th November 2024.

•    During the Mines Safety Week Celebration
2024-25 held on 17^th November 2024 at M/s Kesoram
Industries Ltd. (Cement Division), Kalburgi, Karnataka,
Donimalai Complex received the following awards:

•    Donimalai Iron Ore Mine (DIOM): 1^st Prize
in "Crusher, Electrical Installations &

Illumination"; 2^nd Prizes in Drilling & Blasting,
Occupational Health & Welfare, and Contractual
Work vis Safety.

•    Kumaraswamy Iron Ore Mine (KIOM):

1^st Prizes in Contractual Work vis Safety,

Publicity & Innovation, and Occupational Health
& Welfare; 2^nd Prizes in Mine Workings and Safety
Management System.

•    Kumaraswamy Iron Ore Mine (KIOM) received the
“Appex India Occupational Health & Safety Platinum
Award,” and Donimalai Iron Ore Mine (DIOM) was
honoured with the “Appex India Best Fire & Safety
Award” at the event held on 23^rd November 2024

at Goa.

•    NMDC won six awards at the 46^th All India PR
Conference organized by PRSI in Raipur
(20^th-22^nd December 2024), including 1^st Prizes for
Corporate Film (Hindi) and R&D Promotion, 2^nd Prizes
for CSR Implementation and E-Newsletter, and 3^rd
Prizes for Annual Report and Social Media Campaign.

•    Donimalai Iron Ore Mine was conferred with the
“Platinum Award” for its outstanding performance
and commitment to occupational health and safety

at the 17^th EXCEED Occupational Health, Safety &
Awards Conference held on 20^th January 2025 in
Jaipur, Rajasthan.

•    NMDC was honoured with the “Best Digital
Transformation Initiatives (Mining & Steel)” award at
the 7^th Technology Excellence Awards 2025, held on
7^th February 2025 at Hyderabad.

•    NMDC was honoured with the prestigious titles of
“Company of the Year” and “Brand of the Year” at th
HybizTV Business Excellence Awards 2025, held on
13^th February 2025 at Hyderabad.

•    NMDC was recognized as a leader in governance
practices at the Governance Now 11^th PSU Awards
held on 28^th February 2025 at New Delhi.

•    NMDC was honoured with the Corporate Governance
and Sustainability Vision Award 2025 by the Indian
Chamber of Commerce at a ceremony held on

12^th March 2025 in New Delhi.

34.0    VIGIL MECHANISM

NMDC being a PSU, the guidelines of Central Vigilance
Commission (CVC) are applicable which provides adequate
safeguard against victimization of the employees. The
Board of Directors at its 451^st meeting held on
20^th September 2012 approved the internal Whistle Blower
Policy of NMDC. NMDC has effectively implemented
its internal Whistle Blower Policy under CVO NMDC,
the designated Nodal Officer for the purpose, which
has been uploaded in the website of the company
under the link https://www.nmdc.co.in/investors/
policies-and-documents .

35.0    DETAILS IN RESPECT OF FRAUDS REPORTED
BY AUDITORS UNDER SECTION 143(12)
OTHER THAN WHICH ARE REPORTABLE TO
CENTRAL GOVT - NIL

36.0    FORMAL ANNUAL EVALUATION OF BOARD,
COMMITTEES AND INDIVIDUAL DIRECTORS.

NMDC Ltd., being a Government Company, the terms and
conditions of appointment and remuneration of Functional
Directors are determined by the Government of India
through its Administrative Ministry, Ministry of Steel.

In terms of notification dated 5^th June, 2015 and 13^th
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 (2), (3)

& (4) of Section 178 regarding appointment, performance
evaluation and remuneration.

37.0    IMPLEMENTATION OF RISK MANAGEMENT
POLICY

The Board at its 442^nd meeting held on 19^th January 2012
has approved the Risk Assessment and Risk Mitigation
Policy / Enterprise Risk Management (ERM) of the
Company. Accordingly, the Company has constituted a
Board level Risk Management Committee comprising of
Functional Directors (excluding CMD) and one Independent
Director. The constitution of the Committee as on date of
this Report is as under:-

Risk Management Committee

1)    Shri Sanjay Tandon, Independent
Director, Chairperson

2)    Director (Finance)

3)    Director (Commercial)

4)    Director (Technical)

5)    Director (Production)

6)    Director (Personnel)

The Company as a part of its current Risk Management
Policy has identified top Risks That Matters (RTMs) and
documented Mitigation Plan / Strategy for the same.

During the year under review, one meeting of the Board
level Risk Management Committee were held. For details,
please refer to the Corporate Governance Report annexed
to this report.

38.0    DIVIDEND DISTRIBUTION POLICY

The Board of Directors has approved Dividend Distribution
Policy which has been uploaded in the website of the
company under the link:

https://www.nmdc.co.in/cms-admin/Upload/Pol-
icies-Document/ae4bb5f07e7e4654a3f881c-
cec7b9163 20210920060806207.pdf

39.0    ERP, Digitalization and IT Infrastructure

1. NMDC has laid out a phased roadmap for digital

transformation aimed at enhancing efficiency, productivity,
and safety in its operating mines. As part of these initiatives,
the implementation of a Real-time Stockpile Management
System at the Bacheli Loading Plant has been awarded
to improve the visibility and management of stockpile
operations. This system is designed to optimize stockpile
management by providing real-time data, improving
accuracy in ore quantity assessment, and minimizing
manual intervention.

2.    Digital initiatives currently underway include:

•    Digitally Enabled Drilling and Blasting Design
Optimization Solution

•    Outdoor WiFi implementation at Bacheli, Kirandul,
Donimalai, and Panna

•    Procurement of Production Mode Sensing
Assembly along with a redundant IBMS Server and
integration with SAP

•    Unified Mine Logistics Management and Surveillance
System (UMLMSS)

•    Establishment of an Integrated Control and Command
Centre (ICCC) and Implementation of CCTV
Surveillance and PA Systems at Bacheli, Kirandul, and
Donimalai Complexes.

•    Development of Digital Twins for OCSL Plants, and

•    Implementation of Smart Metering.

3.    In pursuit of continuous improvement, other digital
solutions such as Vendor Invoice Management System,
E-Measurement Book, File Life Cycle Management, and
integration of SAP with GeM and FOIS with ERP at Kirandul
and Bacheli have been successfully implemented to boost
operational efficiency and transparency.

4.    The Supplier Relationship Management (SRM) system has
been implemented to strengthen interaction with the vendor
ecosystem, encompassing vendor onboarding, online
bidding, evaluation, and order placement.

5.    CSR Software has been deployed to enable physical
progress monitoring of CSR activities with geo-tagged
site images & videos and related information. It facilitates
tracking of project milestones and closures, and supports
detailed analysis based on focus areas such as Education
and Health Care, ensuring effective oversight and data-
driven decision-making.

6.    Dashboard enhancements have further strengthened data
visibility and operational efficiency in key logistics and
dispatch functions. These enhancements include Rake
loading efficiency by using metrics such as gross loading
hours and demurrage, enabling improved turnaround time
of rakes and cost control. Loading operations at railway
sidings managed by third parties in Bacheli and Kirandul
are also tracked to enhance accountability. Moreover, the
dashboard captures party-wise dispatch breakups under
Long-Term Agreements (LTA) and Auctions, Dashboards for
Pellets plant and Diamond project also introduced.

7.    Dedicated dashboard for monitoring of Engineering
Drawing and Documents put in place by integrating with
EDDMS Software.

8. NMDC was honoured with the “Best Digital

Transformation Initiative Award” by M/s QUANTIC.
Additionally, NMDC received the Digital Champions Award
at the India PSE Summit 2025, organized by Express
Computer (Indian Express Group) in Hyderabad.

40.0    COMPUTER & INFORMATION TECHNOLOGY
INITIATIVES

1.    Hospital Management System (HMS) has been
implemented at all the project hospitals of NMDC. It
is integrated with SAP S/4 HANA for HCM, MM and
EHS modules. All the laboratory equipments have been
interfaced with HMS resulting in automation of the entire
process. This has reduced the Turn Around Time of
diagnostics and the test results are sent to the employees
thro’ WhatsApp.

2.    The Network Infrastructure Upgrade under RailTel MOU is
in progress and likely to be completed by 30.06.2025. The
following works have been completed:

•    Core Switches, Distribution switches, Access switches
and Firewalls have been installed at all the locations.

•    OFC backbone under primary path has been
completed. OFC under secondary path is in progress.

•    Wireless Controller, Indoor wireless access points
have been installed.

•    Outdoor Wi-Fi has been implemented at
Kirandul Mines 11B.

3.    IT Policy has been prepared and put up for management
approval. Sandbox and Two Factor authentication has been
implemented. FortiManager and FortiAnalyzer has been
implemented at HO.

4.    Interactive Digital Touch Screens have been installed at
all the floors of NMDC HO which is an initiative towards
paperless office.

5.    Attendance captures thro’ Facial Recognition System has
been made mandatory for all employees.

41.0    OTHER DISCLOSURES

•    Compliance with applicable Secretarial Standards:

The Directors have devised proper systems to ensure
compliance with the provisions of all applicable Secretarial
Standards and that such systems are adequate and
operating effectively.

•    Disclosure under Insolvency and Bankruptcy Code,

2016: During the year, no application was made and
no proceeding is pending under the Insolvency and
Bankruptcy Code, 2016.

• Reporting on valuations done, if any: There was no
requirement for getting valuation done and therefore,
reporting for the same is not applicable.

42.0    REPORT ON MANAGEMENT DISCUSSION AND
ANALYSIS

A Report on Management discussions and Analysis
as required in terms of Regulation 34 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations,

2015 is at Annexure-I.

43.0    REPORT ON CONSERVATION OF ENERGY,
TECHNOLOGY ABSORPTION, FOREIGN
EXCHANGE EARNINGS AND OUTGO UNDER
THE COMPANIES (ACCOUNTS) RULES, 2014.

A report on Conservation of Energy, Technology
Absorption, Foreign Exchange Earnings and Outgo under
the Companies (Accounts) Rules, 2014 is as Annexure-II

44.0    CORPORATE GOVERNANCE

Report on Corporate Governance is at Annexure-III.

45.0    EXTRACT OF ANNUAL RETURN UNDER
SECTION 92(3) OF THE COMPANIES ACT, 2013

As required under the provisions of the Companies Act,
2013, the Annual Return is hosted on the Company’s
website and can be accessed from the link https://www.
nmdc.co.in/investors/financial-details/annual-return.

46.0    BUSINESS RESPONSIBILITY &
SUSTAINABILITY REPORT

In compliance with Regulation 34 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations,
2015, the Business Responsibility & Sustainability Report
(BRSR) along with Reasonable Assurance carried out by
M/s Bureau Veritas (India) Pvt. Ltd. is at Annexure-IV.

47.0    SECRETARIAL AUDIT REPORT

Secretarial Audit Report in Form No.MR-3 pursuant to
Section 204(1) of the Companies Act, 2013 and Regulation
24A SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 is at Annexure-V.

48.0    GLOBAL COMPACT - COMMUNICATION ON
PROGRESS

Report on compliance with principles of Global Compact is
at Annexure-VI.

49.0    STATEMENT CONTAINING SALIENT FEATURES
OF THE FINANCIAL STATEMENT / HIGHLIGHTS
OF PERFORMANCE OF SUBSIDIARIES /
ASSOCIATE COMPANIES / JOINT VENTURES
(FORM AOC-1) IS ENCLOSED TO THE
FINANCIAL STATEMENTS.

50.0    DISCLOSURE OF RELATED PARTY
TRANSACTIONS IN FORM AOC-2 IN TERMS OF
PROVISIONS OF THE COMPANIES ACT, 2013
IS ENCLOSED AT ANNEXURE-VII.

51.0    REPORT ON CSR ACTIVITIES

Report in terms of the Companies (Corporate Social
Responsibility Policy) Rules, 2021 is at Annexure-VIII.

The Report on CSR inter alia, outlines details of CSR
Policy and various CSR initiatives of the company for the
year under review.

52.0    ACKNOWLEDGEMENT

Your Directors gratefully acknowledge the support,
cooperation and guidance received from the Ministry
of Steel, Ministry of Mines and Ministry of Forests &
Environment and other Departments of Government
of India and the State Governments of Andhra
Pradesh, Chhattisgarh, Karnataka, Madhya Pradesh,
Jharkhand and Telangana.

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 our long-term success is dependent on our
domestic customer relationship and responsiveness. We
will do everything possible to provide our customers better,
timely and value added services.

The success of your Company is due to the commitment
and dedicated efforts of the management and employees at
all levels. Your Directors place on record their appreciation
and also acknowledge the support and co-operation of All
India NMDC Workers’ Federation and their members for the
smooth functioning of the Company’s operations.

For and on behalf of the Board of Directors

If. ji.

(AMITAVA MUKHERJEE)

Place : Hyderabad    Chairman and Managing Director

Date : 30.07.2025    DIN: 08265207

1

   Profit Before Tax (PBT) from continuing operations
(before exceptional item) was H 9,298 crore compared
to H 8,295 crore in the previous financial year.