NMDC
NMDC is an Indian public sector company and is engaged in mining of iron ore, which is crucial for the steel industry and is the single largest producer of iron ore in India. The company is considered to be one of the low-cost producers of iron ore in the world, at an average of 64% Fe, it sells one of the best grade Iron ore globally. Top 5 iron ore producer countries are Australia, Brazil, China, India & Russia. It also operates the only merchandised diamond mine in India at Panna, MP. The company is diversifying into steel making & coal production. Other than iron ore, the company also has extensive experience in the exploration of a variety of minerals like copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc. Key growth drivers / opportunities for NMDC in the longer term are - India's growth & net trade position; the interaction between scrap and hot metal and the transition towards low carb