NMDC the most successful mining company in the country
Rana Som, CMD, NMDC, talks to deepak ranjan patra about what makes NMDC the most successful mining company in the country and what are its future plans...
What are your plans for NMDC’s diamond mines in Panna?
NMDC’s diamond mines at Panna were re-dedicated to the nation in August, last year. The mine has been rated to produce 1 lakh carats of diamonds per year.
Mining industry has been on a roll for the past few quarters. What is your outlook for the remaining part of the year?
As per me, it will remain bullish for most part of the coming few quarters. India has a tremendous need for infrastructure, which calls for increase in steel production. This will fuel the demand for iron ore, coal, limestone, manganese et al, if we take a look at the global scenario.
Does being a public sector undertaking restrict you in any way from a fast track growth or create a roadblock in running the show professionally?
NMDC is a Navratna PSU and as per the norms we have a Board of Directors comprising 5 functional Directors, 2 Directors from the Ministry and few Independent Directors and we manage the show in a very professional manner. All our major decisions are taken to the board for ratification. Thus, so far, we have never faced any major problem in trying to achieve fast track growth.
What are your mid-term plans for NMDC?
We are on an expansion mode at present. NMDC’s future plans for expansion include, ramping up production capacity to 50 MTPA by 2014-15, getting the 1.20 MTPA slime based pellet plant and 3 MTPA Integrated Steel Plant at Nagarnar, Chhattisgarh started. Moreover, within 5 years we would like NMDC to have a turnover in excess of `300 billion and contributing not only to the national exchequer, but also to the stakeholders.
What are your views on the growth of Indian economy during the year?
Despite fluctuating inflation figures, Indian economy has been having a steady growth so far this year. By the look of the things, the double digit growth as forecasted for this fiscal does not seem improbable.
NMDC’s diamond mines at Panna were re-dedicated to the nation in August, last year. The mine has been rated to produce 1 lakh carats of diamonds per year.
Mining industry has been on a roll for the past few quarters. What is your outlook for the remaining part of the year?
As per me, it will remain bullish for most part of the coming few quarters. India has a tremendous need for infrastructure, which calls for increase in steel production. This will fuel the demand for iron ore, coal, limestone, manganese et al, if we take a look at the global scenario.
Does being a public sector undertaking restrict you in any way from a fast track growth or create a roadblock in running the show professionally?
NMDC is a Navratna PSU and as per the norms we have a Board of Directors comprising 5 functional Directors, 2 Directors from the Ministry and few Independent Directors and we manage the show in a very professional manner. All our major decisions are taken to the board for ratification. Thus, so far, we have never faced any major problem in trying to achieve fast track growth.
What are your mid-term plans for NMDC?
We are on an expansion mode at present. NMDC’s future plans for expansion include, ramping up production capacity to 50 MTPA by 2014-15, getting the 1.20 MTPA slime based pellet plant and 3 MTPA Integrated Steel Plant at Nagarnar, Chhattisgarh started. Moreover, within 5 years we would like NMDC to have a turnover in excess of `300 billion and contributing not only to the national exchequer, but also to the stakeholders.
What are your views on the growth of Indian economy during the year?
Despite fluctuating inflation figures, Indian economy has been having a steady growth so far this year. By the look of the things, the double digit growth as forecasted for this fiscal does not seem improbable.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
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An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri's Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
Labels: BUSINESS AND ECONOMY, Chhattisgarh, Diamond mines, IIPM, IIPM Admission Detail, IIPM Alumni, IIPM Best B School, IIPM EDITORIAL, IIPM INTERNATIONAL, IIPM Ranking, Nagarnar, Navratna, NMDC, Panna, PSU
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