Shri Muppavarapu Venkaiah Naidu, Hon'ble Vice President, India
NMDC Ltd. (National Mineral Development Corporation), a Government of India Enterprise enters the 60th year of its excellence and plans a grand inaugural function here in Hyderabad on 8th December at Shilpakala Vedika at Madhapur. The state-controlled mineral producer of the Government of India was established on 15th November 1958. Disclosing this, addressing the curtain raiser press conference along with the Functional Directors of the company, on Wednesday, Shri N. Baijendra Kumar, IAS, CMD of NMDC said the celebrations would be formally inaugurated by the Chief Guest, Hon’ble Vice President of India, Shri M. Venkaiah Naidu. Shri Chaudhary Birender Singh, Hon'ble Union Minister of Steel, will preside over the function. The other distinguished guests who will grace the inaugural function of the Diamond Jubilee Celebrations include Dr. Raman Singh, Hon'ble Chief Minister of Chhattisgarh; Shri Vishnu Deo Sai, Hon'ble Minister of State for Steel and Shri Y. S Chowdary, Hon'ble Minister of State for Science & Technology & Earth Sciences, Govt. of India. Hon'ble Vice President Shri Venkaiah Naidu will unveil a postal Stamp, Logo of the Diamond Jubilee Year of NMDC. He will also present the Prime Minister's Trophy for the Best Integrated Steel Plant. Speaking on the sidelines of the Press Meet organized to announce the Diamond Jubilee Celebrations Mr. N. Baijendra Kumar said that NMDC, the profit making Navratna producing iron ore for the country and some for export also is producing the finest quality iron ore quality comparable to the best in the world. And with subsidiaries and joint ventures is exploring mining possibilities in Australia, Mozambique and Tanzania. NMDC is considering commercial gold mining in Australia and Tanzania, he added. NMDC achieved record iron ore production of 34 mt and sales of 35.6 mt during 2016-17, which was 19 percent and 24 percent higher yearon-year in the second quarter. The turnover at Rs.8,860 crore was 37 percent higher YOY. And the PBT stood at Rs.4,293 crore which is 5 percent higher YOY. We expect to sustain the growth during the current financial year, he added. We plan to increase NMDC' production capacity to 67 mt per annum by 2022, said Mr. N. Baijendra Kumar. We have planned Rs.3,500 capex this year also, he informed. He said that NMDC has got clearance from the Ministry to have a MoU with Vietnam-based Masan Resource for Tungsten mining. Speaking about the CSR activities, Mr. Baijendra Kumar said that more
than 2 percent of the profits are being used in NMDC's CSR activities. They are striving in the areas of education, health, infrastructure development, skill development for the poorest of the poor, differently enabled and students in Naxal-affected areas. Our CSR activities have been appreciated by PM Narendra Modi recently. We are actively involved in CSR activities in Dantewada, Kirandul and support various initiatives in Karnataka, Madhya Pradesh and Telangana. In conjunction with the inaugural function of the Diamond Jubilee Celebrations, a Steel exhibition will also be held wherein most of the Ministry of Steel PSEs and other steel producing companies like TATA, JSW, etc. are also participating. An audiovisual on 60 years of the journey of NMDC will be showcased to the 2000 plus gathering at the inaugural function. NMDC is the India's largest iron ore producer. It is owned by the Government of India and is under the administrative control of the Ministry of Steel. It is involved in the exploration of various minerals including iron ore, diamond, etc. It is currently producing about 34 million tons of iron ore from 3 fully mechanized mines ( Two in Chhattisgarh and one in Karnataka). It also operates the only mechanized diamond mine in the country at Panna in Madhya Pradesh. The company's diversifying into steel making and has undertaken several capital-intensive projects to modernize and increase capacities to retain its domestic leadership and has also forayed overseas successfully.
Valedictory Function of Vigilance Awareness Week at NMDC
The valedictory function of NMDC was attended by Shri N. Baijendra Kumar, IAS, CMD; Shri K. Padmanabhaiah, IAS (Retd), Former Home Secretary and present Chairman, ASCI along with functional Directors and Senior Officials of NMDC. Shri N. Baijendra Kumar, IAS, CMD, NMDC urged for structural reforms for corruption free country and present generation should overcome temptation for having a corruption free life for which one requires lot of spiritual and mental courage. As Chief Guest Padma Bhushan Shri K. Padmanabhaiah addressing valedictory function said that Vigilance is not something which would come from outside. It has to come from inside. Every man is his own vigilance officer. He also appreciated NMDC for its efforts towards ethics, transparency and accountability. He said that signing integrity pact and supporting the UN Global compact with its ten principles is really something which goes again anti-corruption. On this occasion, Dr. Narendra K. Nanda, Director (Technical), Dr. T.R.K. Rao, Director (Commercial), Shri D.S. Ahluwalia, Director (Finance) and Shri Sandeep Tula, Director (Personnel) also addressed the gathering. Addressing the function, Shri K. Vidyasagar, Chief Vigilance Officer, NMDC briefed about activities during vigilance week. He said that these activities helped in creating awareness amongst the common
public regarding the anti-corruption movement. The programme concluded with prize distribution to the winners of various competitions organized for the employees and various school and college students.
NMDC Vigilance Awareness Week Programmes
NMDC Limited is observing Vigilance Awareness Week at Corporate Office, Hyderabad and its various projects and units across the country from 30th October to 04th November 2017 to create awareness among employees and stakeholders towards vigilance practices and to bring more transparency in functions and activities of NMDC. Various programmes such as Elocution, Quiz, Lectures, Vendors meet etc., were conducted where in employees and stakeholders of NMDC participated enthusiastically. A Quiz Programme on Vigilance related matters and general knowledge, was organized for the employees of NMDC Corporate office and R&D Centre on 31.10.2017. A Vendor Cum Contractors’ meet was conducted on 01.11.2017 wherein around 60 parties across the country have attended for interaction with NMDC officials on matters pertaining to tender and contractual terms in the presence of Dr. T.R.K.Rao, Director (Commercial) and Shri K.Vidyasagar, Chief Vigilance Officer. The CVO encouraged the vendors to express their grievances freely and also offer their suggestions, if any, for improvement in the existing system and utilise the opportunity for interaction with NMDC officials effectively. Dr.T.R.K. Rao, Director (Commercial) administered Integrity Pledge to all participants and exhorted the vendors & contractors to utilise this platform effectively and express their views on issues arising out of tender and contractual terms for making the procurement process more effective and transparent. He also reminded that bribe giving as well as taking is punishable offence. Director (Commercial) informed all officers that they should be aware of the provisions in the upcoming Public Procurement policy and stressed upon the importance of registration in the GEM portal. The vendors and contractors have actively participated in the meet and their queries were addressed by the senior officers from the projects as well as corporate office. Apart from the above, a vigilance talk on “Moral & Ethics in Governance” was delivered by Shri K.R. Nandan, IPS (Retd), Vigilance Commissioner, Telangana State today. The function was graced by Shri P.K.Satpathy, Director(Prodn), Shri D.S.Ahluwalia, Director(Fin), Shri Sandeep Tula, Director(Pers.) and Shri K.Vidyasagar, Chief Vigilance Officer. The Chief Guest, Shri K.R. Nandan spoke on human values such as right conduct, right thought, right word and right deed with Sankalpam, ie, the right thought having the primary role on the human conduct. Individual should have a balance between family values versus citizen values and should invoke “Lajja Kavach” to prevent indulging in corrupt practices.
Shri Muppavarapu Venkaiah Naidu, Hon'ble Vice President, India
Shri Chaudhary Birender Singh, Hon'ble Union Minister of Steel
Dr. Raman Singh, Hon'ble Chief Minister of Chhattisgarh