Question : NAVRATNA STATUS TO NMDC



(a) the mine-wise production by National Mineral Development Corporation Ltd. (NMDC) during each of the last three years;

(b) the profit earned and dividend paid to the Government by the NMDC during the said period;

(c) whether the Government has recommended to give Navratna status to NMDC;

(d) if so, the details thereof; and

(e) the target fixed for production and investment in the next three years?

Answer given by the minister


THE MINISTER OF STATE(DR. AKHILESH DAS)IN THE MINISTRY OF STEEL

(a) The mine-wise production by NMDC Limited during each of the last three years is given below:

 (Quantity. in million tonnes)
Bailadila Sector Donimalai Sector
Deposit 14 Deposit5 Deposit Donimalai Kumaraswamy & 11C 10/11A 2004-05 7.08 6.40 2.13 5.01 0.12
2005-06 8.03 6.87 2.53 5.39 0.11
2006-07 10.19 7.55 2.71 5.31 1.31


(b) The details of profit earned and dividend paid to the Government by the NMDC during the said period is given below:
 (Rs. in crore) 
Sl.No. Particulars 2004-05 2005-06 2006-07
1. Profit Before Tax 1223.65 2770.13 3498.31
2. Profit After Tax 755.44 1827.80 2320.21
3. Dividend Declared 151.32 365.57 465.19
4. Dividend to Government of India 148.88 359.66 457.67


(c)&(d): The Government has conferred Navratna status to NMDC Ltd. on 23rd January, 2008.

(e) The details of targets fixed for production and investment for the next three years by NMDC Ltd. are as under:

Financial Year Production target as per long term Estimated Investment plan production programme of NMDC Ltd. (Rs. in crore) (Qty. in million tonnes)
2008-09 31.00 400
2009-10 32.75 996
2010-11 34.80 1795