NMDC Ltd

AGM Details

• Date and time: 28 September 2026, 11:30 IST.
• Mode: VC/OAVM.
• End time: 1:35 PM.
• Record date: 21 September 2026.

Key Resolutions

• Resolution 1 (Ordinary): Receive and adopt the financial statements and reports.
• Resolution 2 (Ordinary): Take note of interim dividend and approve final dividend of Rs 2.50.
• Resolution 3 (Ordinary): Re-appoint Shri Abhijit N. Dasgupta as Director by rotation.
• Resolution 4 (Ordinary): Appoint Shri Joydeep Dasgupta as Director (Finance).
• Resolution 5 (Ordinary): Authorise Board to fix remuneration of Statutory Auditors for 2026-27.
• Resolution 6 (Ordinary): Ratify remuneration of Cost Auditors for 2025-26.
• Resolution 7 (Ordinary): Appoint Shri Krishna Kumar Thakur as Director.
• Resolution 8 (Ordinary): Appoint Shri Anurag Kapil as Director (Finance).
• Resolution 9 (Ordinary): Appoint Shri Vivek Nishant Nath as Director (Commercial).

Dividend

• Final dividend of Rs 2.50 per equity share; interim dividend of Rs 1.00 already paid.

Director Changes

• Shri Abhijit N. Dasgupta re-appointed as Director by rotation.
• Shri Joydeep Dasgupta appointed as Director (Finance).
• Shri Krishna Kumar Thakur appointed as Director.
• Shri Anurag Kapil appointed as Director (Finance).
• Shri Vivek Nishant Nath appointed as Director (Commercial).

Auditors & Remuneration

• Statutory Auditors remuneration for 2026-27 approved by the Board.
• Cost Auditors remuneration for 2025-26 ratified.

NMDC Limited — Closure of Trading Window from October 01, 2026 to end of 48 hours after the declaration of unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026

AGM Details

• 68th NMDC AGM held on 28 September 2026 at 11:30 IST via VC/OAVM.
• AGM ran 11:30–13:35 IST, including 15 minutes for vote casting.

Integrated project details

• Commissioned 2 MTPA pellet plant at Nagarnar as part of Rs 5,427 crore project.
• Includes 15 MTPA slurry pipeline from Bacheli to Nagarnar.
• New iron ore processing plant at Bacheli and 135 km pipeline.
• Pipeline passes through 61 villages to reduce road movement.
• Pellets produced using Straight Grate Induration technology.
• Supports NMDC's long-term target to reach 100 MTPA iron ore capacity.
• Part of broader expansion and diversification strategy.
• Maiden production observed despite adverse weather.

Net Zero target and roadmap

• Target covers Scope 1 and Scope 2 emissions by 2047.
• Minimum 90% reduction in operational emissions; remaining offset over time.
• Six strategies identified: energy efficiency, renewable energy, fleet electrification, low-carbon fuels, CCUS, demand-side management.
• Already operating 10.5 MW wind facility at Chitradurga and solar installations across projects.
• Slurry pipeline project to provide greener downstream transportation.
• Plan to move more ore by rail, supported by doubling railway lines and related infra.
• Roadmap phases: short-term FY26–30, medium FY30–40, long-term FY40–47.
• Initial transition focuses energy efficiency, renewable adoption, and electrification.

Price update

• Iron ore prices fixed w.e.f. 09-Sep-2026: Lump ₹5,400/ton; Fines ₹4,500/ton (FOR).
• Prices are FOR and exclusive of royalty, DMF, NMEDT, cess, forest permit fee, transit, GST, and other taxes.

Auditor appointment

• C&AG appointed M/s M C Bhandari & Co., Hyderabad as Statutory Auditors.
• Branch Auditors appointed: M/s Vinay Kumar & Co., Allahabad.
• Branch Auditors: AVRSK and Associates, LLP, Visakhapatnam.
• Branch Auditors: BPSSY & Co., Ballari.

AGM notice and e-voting update

• Newspaper clippings published on 07 Sept 2026 for NMDC's 68th AGM and e-voting information.
• Newspapers: Financial Express, Vaartha, and Daily Hindi Milap carried the notices.

Overview

• Standalone BRSR for FY2025-26; NMDC primarily mines iron ore with ~53 MTPA capacity.
• Iron ore accounts for 78.35% of turnover; HR coil trading 12.55% of turnover.
• Reporting boundary is standalone; non-operational Sponge Iron Unit Paloncha and Lalapur silica sand project excluded.
• Independent assurance provided by Bureau Veritas on BRSR Core indicators.

Key ESG Risks & Opportunities

• Ethics & compliance risk from regulated mining; mitigated by CVO, ESG Code, Whistleblower framework.
• Biodiversity & land management risk; biodiversity policy, restoration, and rehab investments; penalties possible.
• Community relations opportunity; CSR strengthens social license and facilitates stakeholder support.
• Health, safety risk; target zero accidents; ISO 45001 safety framework and periodic audits.
• Energy & GHG management opportunity; renewable installs and net-zero roadmap + energy audits.
• Water management risk; regular audits; Zero Liquid Discharge at some facilities; penalties in water-stressed areas.
• Circularity & waste management opportunity; tailings management, recycling, potential cost savings.
• Human capital management opportunity; skill development, training, retention improving productivity.

Governance & Policy Highlights

• Board oversight via Sustainability & CSR Committee; ESG Committee approved to implement ESG Policy.
• Policies include ESG Policy and embedded anti-bribery principles in Code of Conduct and Supplier Code.
• Vigilance, Whistleblower framework, and CPGRAMS support ethics and compliance.
• Board-approved related party transactions (RPT) policy; Audit Committee reviews all RPTs.
• Independent assurance by Bureau Veritas on BRSR Core indicators; public disclosures supported.

Social Responsibility & Workforce

• Total workforce: 1,600 executives and 9,100 workers; female share ~5% of executives and ~10% of workers.
• Differently abled: 18 permanent and 91 workers; 100% wage/benefit coverage for retirement benefits.
• Turnover: permanent 4.85%; workers 2.64% in FY2025-26.
• LTIFR: employees 0; workers 0.64; fatalities: 1 worker.
• Well-being spend: 1.28% of total revenue; extensive health facilities and on-site medical support.
• CSR focus includes Balika Shiksha programs; 8,474 beneficiaries; 100% from vulnerable groups.
• Accessibility: offices and sites designed to be accessible for differently abled individuals.
• Training: significant health/safety and skills training; UNGC SA8000 signatory; diverse HR practices.
• Grievance mechanisms include Vigilance, Whistle Blower Policy, CPGRAMS, POSH ICCs.

Environmental Performance

• Total energy: 1,862,193 GJ; renewables 4,773 GJ; non-renewables 1,857,420 GJ; renewables share minimal.
• Scope 1 emissions: 112,805 tCO2e; Scope 2 emissions: 85,567 tCO2e; total 198,372 tCO2e.
• GHG intensity: 0.00000063 tCO2e per INR turnover; 0.0037 tCO2e/tonne production.
• Water withdrawal: 9,932,412 KL; consumption: 8,552,133 KL; discharge: 1,380,279 KL.
• Waste: total 21,356,375 MT; hazardous waste 269.15 MT; E-waste 99.40 MT; recycled 350.42 MT.
• Zero Liquid Discharge at select sites; wind (10.5 MW) and solar installations; SA8000/ISO certifications.
• Major waste practices include tailings management, ETP/STP facilities, and preventive environmental controls.

Stakeholder Engagement & Complaints

• Key stakeholders: government/regulators, employees, suppliers, customers, local communities, industry groups, NGOs, media, investors.
• Engagement frequency varies: government (need-based), employees (quarterly), suppliers/customers (quarterly).
• Local communities: ongoing CSR engagement and CPGRAMS grievance mechanism.
• Complaints: communities 160 filed in FY2025-26; 7 pending; employees 3 filed; customers 40 filed (2 pending); value chain 4 (4 pending).
• Vigilance and Whistleblower channels in place to address concerns securely and confidentially.

Other Notable Metrics

• Related party transactions: purchases from related parties 47.22%; sales 8.87%; loans 41.48%; investments 99.99%.
• Vendor engagement: 15 vendor meets; 36.18% of procurement from MSMEs.
• Public policy engagement: 13 trade/industry affiliations; UN Global Compact member.
• Cybersecurity: policy framework exists; website policies on security and privacy; no full internal policy disclosed.
• Product information: NMDC discloses technical specs beyond statutory requirements via website and contracts.

Financial Highlights

• Consolidated revenue from operations: ₹32,070.89 crore.

Profitability

• PAT: ₹7,450.42 crore.

Earnings

• EPS: ₹8.47.

Dividends

• Total dividend ₹3.50 per share.

Debt & Equity

• Debt-to-equity 0.17.

Capital & Assets

• Additions to PPE ₹1,130.50 crore.

Working Capital & Assets

• CWIP ₹6,748.58 crore.

Operations

• Iron ore production 53.16 MT.

Vision & Outlook

• Vision 2030 target 100 MTPA by 2030.