NMDC Ltd

for the Financial Year 2024-25

Dear Members,

Your Directors are pleased to present the 67th Annual Report on the performance of your Company, together with the Audit Report and Financial Statements for the year ended 31st 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 Rs. 23,668 crore, achieved Profit Before Tax

(PBT) of Rs. 9,296 crore and achieved Profit After Tax (PAT) of Rs. 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 Rs. 23,668 crore as against Rs. 21,294 crore in previous financial year 2023-24.

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

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

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

Net worth of the Company stood at Rs. 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 Rs. 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 Rs. 1.00 per share for financial year 2024-25 subject to approval of the shareholders in the Annual General Meeting.

Capital expenditure of Rs. 3,715 crore (including Rs. 150 crore incurred towards doubling of KK Line from Kirandul to Jagdalpur) was incurred during the year under review.

2.1 Production

3.0 SALES OF IRON ORE

3.1 Other Sales

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 Rs. 9,296 crore on a turnover of Rs. 23,668 crore in comparison with previous year's achievement of Rs. 8,012 crore and Rs. 21,294 crore respectively.

The Company has declared Interim Dividend for FY 2024-25 @ Rs. 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 1st Interim Dividend was Rs. 2,022.12 crore out of which Rs. 1,229.25 crore was paid 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 @ Rs. 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 12th December 2024 inter-alia accorded approval for (i) increase in the Authorized share capital of the Company from Rs. 400 crores to Rs. 1,000 crores and (ii) Issue of bonus shares in the ratio

2:1 i.e. two bonus equity shares of Rs. 1/- each for every existing equity share held as on the Record date i.e. 27th December 2024.

a) Authorized Share Capital

As on 31st March, 2025, the Authorized Share Capital of the Company was H1,000 crores divided into

1000,00,00,000 equity shares of Rs. 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 Rs. 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 31st December 2024 i.e. within T+2 days of the Record date in terms of SEBI Circular dated 16.09.2024.

As on 31st 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 Rs. 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

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.

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.

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.

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.

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.

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 5th 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.

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).

10.1 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

In Karnataka

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.

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 4th reminder letter to GoO on 27.02.2024 for requisite information/ comments from GoO. On 08.04.2025 MoM, GoI sent again 5th 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 1st 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 3rd 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 Rs. 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 63rd 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, GoI 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 549th 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 Rs. 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 48th 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 49th 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 51st 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 proposal 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.

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.

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 District, Chhattisgarh from 5.50 MTPA to 8.50 MTPA ROM Iron 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.

d) Renewal of Consent to Operate for Kumaramarenga Railway Siding Project for Mobile Crusher and Screens for production capacity of 250 Metric Tonnes / hour obtained from Chhattisgarh Environmental Conservation Board, Raipur on 08.08.2024.

Donimalai Complex: a. Renewal of Consent to Operate for Kumaraswamy Iron Ore Mine, Donimalai Complex for production capacity of 8.628 MTPA ROM Iron Ore (as per MPAP) obtained from Karnataka State Pollution Control Board, Bangalore on 06.03.2025.

Slurry Pipeline Project: a. Extension of withdrawal permission (1300 m3/ Hour) obtained from Additional Director, CG State Investment Promotion Board, Raipur on 09.07.2024.

12.2 Environmental Initiatives for the year 2024-25:

Hon'ble Prime Minister Shri. Narendra Modi has launched the campaign "Ek Ped Maa Ke Naam" - to take a pledge and to plant a tree as a symbol of love, respect and honour towards our mother. To contribute in the above campaign 5,000 saplings have been planted by NMDC employees and their family at Matri Van, Bacheli on 26.09.2024.

1. Bacheli Project has entered an agreement with Chhattisgarh Rajya Van Vikas Nigam Limited (CGRVVNL) for plantation of 50,000 saplings. During this year CGRVVNL has planted 20,000 saplings in Bacheli Complex.

Distributed 1.25 lakh fruit bearing saplings to urban & rural beneficiaries of Dantewada during 2024-25 through Chhattisgarh Forest Department. In addition, BIOM, Bacheli Complex has entered into MOA with CG Forest department for distribution of 1.00 lakh fruit bearing sampling scheme 2025-26.

2. Donimalai project has carried out mass plantation drive in and nearby villages. 2500 plants of fruit bearing species distributed and planted.

3. BIOM, Kirandul Project has also planted 5000 samplings in village Padapur on the campaign of Ek Ped Maa Ke Naam. Local mixed saplings planted by the project employees, their families, and community members.

4. Diamond Mining Project (DMP), Panna, Madhya Pradesh was planted 500 saplings and distributed the same amount to villagers in and around the project.

5. The Slurry Pipeline Project (SPL), has distributed 2,500 saplings to villagers & school children in Mawlibhatta, Katakanda, Dilmili, Kurandi, Nagarnar & Chowkawada under the Ek Ped Maa Ke Nam. Saplings of local fruit bearing tree & medicinal plant such as Guava, Mango,

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.II(M) dated 11.09.2007 & Amendment to EC on 01.12.2021.

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 2/3rd 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

@ Rs. 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.

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 Rs. 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 Rs. 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)

NMDC e-Procurement portal (SRM):

MM dept utilizing the NMDC e-Procurement portal to carryout procurement activities in e-Procurement mode. The tenders which are processed outside GeM will be done through SRM portal. Open Tender Enquiry – OTE has been developed and enabled. Global Tender Enquiry – GTE has been developed and enabled (With multi-currency option)

Trade Receivable Discounting System (TReDS):

NMDC has completed the registration on all three TReDS portals (i.e. RXIL, Invoicemart (A. TReDS Ltd), M1Exchange) platforms to release the payments of all MSE firms against their acceptance and confirmation.

NMDC has conducted various vendor meets with MSE firms in association with MSME, Hyderabad and instructed all MSE firms to register any one of TReDS portal to process their payment through TReDS platform and NMDC has released payment through TReDS to some MSEs.

Total no. of invoices processed through TReDS portal 49 valuing of Rs. 4.78 Crores.

16.0 NMDC's R&D CENTRE AT HYDERABAD

The R&D Centre at Hyderabad serves as a vital hub for innovation, focusing on product and process development across the domains of ores and mineral processing technologies. Its core mission is to continuously enhance process performance and maintain NMDC's leadership in mineral development.

Over the years, the R&D Centre has made significant contributions not only to NMDC's operating projects but also to various sectors of the Indian mineral and metallurgical industries. Its excellence and impact have been formally recognised by the Department of Scientific and Industrial Research (DSIR), affirming its role as a national resource in the field of mineral research.

The R&D Centre undertakes a broad spectrum of research and development activities, including:

Mineralogical and Metallurgical Studies (Iron Ore and Coal)

Mineral Processing and Flow Sheet Development

Bulk Material Handling and Storage Solutions

Chemical and Elemental Analysis

Development of Dry Beneficiation Technologies

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.

19.1 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.

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.

20.1 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:

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 8th 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 9th to 12th standard with annual intake of 80 boys and 80 girls).

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.

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.

138 multi-year CSR projects proposed by State Authorities of Chhattisgarh with an outlay of Rs. 108.92 crores.

18 CSR projects proposed by State Authorities of Karnataka with an outlay or Rs. 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 Rs. 191.14 Crores.

CSR projects approved during FY 2024-25 amounts to approx. Rs. 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, 4th Edition of in-house bulletin Subodh have been released on 1st 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 16th August to 15th November 2024, culminating in Vigilance Awareness Week (28th October to 3rd November 2024), aimed to embed the theme "G?{Z?>M H$S G??H?${V GO AM?> H$S G‘?{? – 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 2nd 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' 4th 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 31st 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 Rs. 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 17th 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:

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 24th CEOs Conference organized by the Indian Institution of Industrial Engineering (IIIE) on 31st May 2024 at Mussoorie.

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

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

NMDC Bacheli Complex secured 3rd 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 14th 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 11th November 2024.

During the Mines Safety Week Celebration

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

Donimalai Iron Ore Mine (DIOM): 1st Prize in "Crusher, Electrical Installations & Illumination"; 2nd Prizes in Drilling & Blasting, Occupational Health & Welfare, and Contractual Work vis Safety.

Kumaraswamy Iron Ore Mine (KIOM): 1st Prizes in Contractual Work vis Safety, Publicity & Innovation, and Occupational Health & Welfare; 2nd 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 23rd November 2024 at Goa.

NMDC won six awards at the 46th All India PR Conference organized by PRSI in Raipur (20th–22nd December 2024), including 1st Prizes for Corporate Film (Hindi) and R&D Promotion, 2nd Prizes for CSR Implementation and E-Newsletter, and 3rd 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 17th EXCEED Occupational Health, Safety & Awards Conference held on 20th January 2025 in Jaipur, Rajasthan.

NMDC was honoured with the "Best Digital

Transformation Initiatives (Mining & Steel)" award at the 7th Technology Excellence Awards 2025, held on 7th February 2025 at Hyderabad.

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

NMDC was recognized as a leader in governance practices at the Governance Now 11th PSU Awards held on 28th 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 12th 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 451st meeting held on 20th 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 .

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 5th June, 2015 and 13th June, 2017 issued by Ministry of Corporate Affairs, Govt. of India, Government Companies have been exempted from applicability of some of the provisions /sections of the Companies Act, 2013 inter alia Sub-sections (2), (3) & (4) of Section 178 regarding appointment, performance evaluation and remuneration.

37.0 IMPLEMENTATION OF RISK MANAGEMENT POLICY

The Board at its 442nd meeting held on 19th 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-i c i e s - D o c u m e n t / a e 4 b b 5 f 0 7 e 7 e 4 6 5 4 a 3 f 8 8 1 c-cec7b9163_20210920060806207.pdf

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.

41.0OTHER 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

44.0CORPORATE 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.

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.

52.0ACKNOWLEDGEMENT

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.