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MCA after considering the prayers and submissions made by the Resulting Company, directed that the meeting of equity shareholders of the Resulting Company is dispensed with since the Resulting Company has furnished the requisite consent affidavit of all the equity shareholders. ERP Project, christened Kalpataru made NMDC the first CPSE in India to implement Enterprise Resource Planning on the SAP S/4 HANA platform. This Project was undertaken to address NMDCs core business requirements through a strong ERP backbone, which will provide a fully integrated solution encompassing all the business functions of the organization. It is a transformational advancement in the digital journey of NMDC and will improve the overall business process of the company. This will also act as a lighthouse project for the domestic mining sector ushering into an era of automation and digitalization driven growth.

Automated Capturing of Production & Dispatch data on real time basis from OCSL Plant Belt Scales of Kirandul, Bacheli & Donimalai Complex. The time line for completion of all modules except Health Monitoring System is 9 Months. For Health Monitoring Modules, additional 6 Months time will be given for implementation. As part of digital transformation to set the legacy in mining sector and increase efficiency, productivity and safety, State of the Art Technology driven Fleet Management System is being implemented for BIOM Bacheli Complex and BIOM Kirandul Complex. The upcoming scheme in Donimalai Complex includes a Second Screening Plant of 10.0 MTPA capacity for handling the ROM from both Donimalai & Kumaraswamy mines in addition to the existing Screening Plant. Statutory clearances for 10.0 MTPA Screening Plant-ll are awaited.

Your company has got valid operating consents from State Pollution Control Boards for all production projects. The Company obtained renewal of Consent to Operate under Air (Prevention & Control of Pollution) Acts 1981 and Water (Prevention & Control of Pollution) Act 1974 for all projects. All the blocks were explored successfully and Geological Reports were submitted to NMET & concerned State Governments. NMET reimbursed an amount of Rs 3.42 Crores to NMDC as per Schedule of Charges fixed by MoM, Gol and claim made by NMDC. Granted working permission for reconnaissance survey for various minerals in Jabalpur, Katni and Mandla Districts and NMDC identified areas for Manganese, Ferro-Manganese and Bauxite for further exploration. Geological mapping completed in 2 identified bauxite sub blocks and chemical analysis is under progress.

HR Plates, API – 5L Quality Plates Sheets, HR Coils, High Carbon Steel, Silicon Steel and Automotive Steel. Necessary details in this regard have been disclosed in the 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 26thMay, 2022 which forms part of the Annual Report. During the year under review, the company has not issued any Non-Convertible Debentures .

19% Dividend Yields And Big Short Interest – Seeking Alpha

19% Dividend Yields And Big Short Interest.

Posted: Thu, 27 Apr 2023 22:08:49 GMT [source]

Market cap or market capitalization is the total market value of all of a company’s outstanding shares. Shows on #sharebaazar #StockMarket #equity #trading #investment #commodity #personalfinance #reviews #marketanalysis #startups #nifty #sensex and much more. The success of your Company is due to the commitment and dedicated efforts of the managers 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 Companys operations. Post Go-Live, SAP Digital Compliance Solution have been implemented for generation of E-Invoicing, E-Way Bill transactions in real time and filing of GST returns.

About Oaktree Specialty Lending Corporation

• The achieved production of 42.19 MT and sales of 40.56 MT. Oaktree Specialty Lending Corp. operates as an alternative asset manager that provides financing solutions to private, small and mid-sized growing businesses. While fostering growth is our primary mission, a singular purpose drives all of our pursuits — partnering for success. World-class wealth management using science, data and technology, leveraged by our experience, and human touch.

To dispense with the requirement of convening the meeting of equity shareholders of Resulting Company. The vigilance functionaries at the projects have conducted regular training classes for the employees on vigilance matters. Executives of the Vigilance Department were nominated for training/ workshops being organized in India. • NMDC Corporate HRD department plays a vital role in enabling its workforce to deal with market uncertainty and ensure its businesses can continuously innovate. Throughout, our learning and development programs have always played a pivotal role in helping business by fine-tuning our employees capabilities.

In this regard it is stated that NMDC Limited being a Central Public Sector Enterprise under administrative control of Ministry of Steel, Govt. Of India and as per Articles of Association, the President of India shall appoint all members on the Board of Directors. The present composition of the Board of NMDC Ltd. consists of 4 Executive Directors including Chairman and Managing Director and 2 Government Nominee Directors and 4 Independent Directors. At present there is a vacancy of 2 Independent Directors including vacancy of atleast one Woman Independent Director needs to be filled in by Ministry of Steel, Govt. All the observations are due to not having requisite number of Independent Directors. The Company is regularly following up with Ministry of Steel, Govt.

Oaktree Specialty Lending Corp (OCSL)

Of India for appointment of requisite number of Independent Directors on the Board of the Company. The Board of the Company has also been informed in this regard at regular intervals. Microsoft Teams is being used extensively to conduct virtual meetings, webinars. One conference room at HO and Donimalai have been revamped with large display, PTZ camera, Wi-Fi ceiling mics etc.

Consequently, the steel sector has been a major contributor to Indias manufacturing output. The vigilance department suggested for appointment of PMC for large projects and for developing a proper SOP in cases where PMC consultant withdraws from project for any reason. Vigilance department has taken several initiatives during the year. Emphasis was laid on adequate checks and balances in the form of well-defined systems and procedures. Various programmes were conducted for awareness on vigilance matters for the employees of the Corporation.

The only difference is that NISP is being developed and constructed within NMDC Limited as opposed to being developed in an SPV. Also, NMDC Vision 2025, whilst mentioning forward integration has specifically stated that its role would be that of a developer for steel plants and at suitable time invite investors to commission and operate the plants. NMDC is therefore considering proposed scheme to add more value to Companys stakeholders by demerging NISP into a separate company and subsequently inviting investors. Oaktree Specialty Lending Corp share price live 18.880, this page displays NASDAQ OCSL stock exchange data.

Oaktree Specialty Lending earnings inline, Revenue beats in Q4

All the provisions of the RTI Act 2005 are being complied with by the Company. In order to ensure timely disposal of RTI applications, PlOs have been appointed in each of NMDCs Units. A close monitoring of the RTI applications received is done to ensure that the replies are sent in time.


In this line, keeping under the ambit of ERP-SAP implementation in NMDC, Corporate HRD working on the SAP Learning Solution Module which paves the way for this development. It opens up new learning possibilities for learners, trainers, companies, and educational institutions. Lifelong learning is a challenge that learners, employees, and employers are equally faced with.

The studies indicated that all environmental parameters are found well within the limits. The proposal is in approval stage and further implementation will be taken up after award of work. It seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering, and media and advertising sectors. The fund invests between $5 million to $75 million principally in the form of one-stop, first lien, and second lien debt investments, which may include an equity co-investment component in companies with enterprise value between $20 million and $150 million and EBITDA between $3 million and $50 million.

Oaktree Specialty Lending News & Analysis

At NMDC, we believe in building a learning culture to foster high performance and an agile workforce. A robust Learning culture is imperative in NMDC which seeks to be defined by its performance capabilities. Number of SC/ST entrepreneurs benefitted as per the data uploaded on Sambandh Portal.

Official Language Technical Seminars were held at Kirandul Complex, Bacheli Complex and Diamond Mining Project, Panna and magazines of technical articles were published in Hindi. Milled Ferro Silicon, Crusher Spares, Under Carriage parts of Excavators, TCRR bits, conveyer belts and plant items which resulted in substantial savings in cost. State Government of Chhattisgarh stipulate that after the execution of the lease deed, NMDC will transfer the Mining Lease to the JV Company NMDC-CMDC limited. ICVL, a joint venture company of SAIL, RINL &NMDC, acquired a coking/thermal coal mine in Mozambique in 2014 and operation of the same was taken over by ICVL. Benga mine, one of the operational asset of ICVL, has produced about 1.747 Million tons in FY22 (Both low ash & high ash) and exported 1.54 Million Tons. As part of the drive towards reduction of turnaround times for rakes and to increase dispatches and various other benefits, railways had made it mandatory for implementation of integration of wagon loader print facility with FOIS at private railway sidings including BIOM Kirandul & Bacheli Complex.

R&D centre has made significant contribution not only to NMDC operating projects but also to Indian industries and is recognized by Department of Scientific and Industrial Research . JORC resource at Mt. Celia Gold project now stands at 312,600 ounces @1.39 g/t gold. Legacy Iron is conducting Pre-feasibility studies in its Mt Celia Gold project with an aim to develop viable gold mining project. To dispense with the requirement of convening the meeting of the unsecured creditors of the Resulting Company.

11%-Yielding Oaktree Specialty Lending A Gift For Investors – Seeking Alpha

11%-Yielding Oaktree Specialty Lending A Gift For Investors.

Posted: Wed, 21 Dec 2022 08:00:00 GMT [source]

In Screening Plant-III project at Kirandul the site work in packages like site development package, MRSS packages, Dry circuit and RWLS are in progress. Since there was no positive response from the State Govt, the company has suspended its operations from 4th November 2018 and moved to the Honble High Court of Karnataka praying for a suitable direction in the matter. The Honble High Court of Karnataka in its judgement dated 10th July 2019 has passed an order setting aside the condition imposed for levying 80 % premium.

3.0 MTPA greenfield Steel Plant at Nagarnar in Chhattisgarh, which is expected to operationalize in FY23. Commissioning activities started with the start of coke oven heating in Jan2022. Packages like operational power facilities, operational water packages and plant & instrument air packages are commissioned. India is presently the worlds second-largest producer of crude steel. In FY22, the production of crude steel stood at 120 MT with a growth of 18% 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.

Buy Alert: 5 Sustainable And Undervalued 10%+ Yields – Seeking Alpha

Buy Alert: 5 Sustainable And Undervalued 10%+ Yields.

Posted: Mon, 03 Apr 2023 07:00:00 GMT [source]

Corporate Level Tripartite Safety Committee Meeting is being held regularly once in a year at Head Office after completing the Mine Level meetings at all Mines. The matter is being pursued with Govt of Odisha for reservation in favour of NMDC Ltd. Director , DMG, GoJ suggested that, JNMDC to submit Fresh Composite Licence application after approval from JNMDC Board as per Section 17A of MM(D&R) Amendment Act,2021.The matter is being pursued with Govt.

The email mailboxes of top management and common departmental mail ids have been moved to the cloud . This provides enhanced mailbox size of 50 GB and it is hosted in the cloud. A Virtual Data Room has been commissioned for NISP Demerger activity. This facilitates the various stakeholders like Legal Advisor, Transaction Advisor, User Departments to share and exchange information. NMDC is publishing Sustainability Report as per the Global Reporting Initiative Standards, capturing initiatives taken by NMDC over the years in Economic, Environmental and Social aspects. All Mines of NMDC have been Awarded 5 Star Rating by the Ministry of Mines.

The company has not accepted any deposits covered under Chapter-V of the Companies Act, 2013 during the year under review. During the year under review, your Company has earned profit before tax from continuing operations of Rs 12,981 crores on a turnover of Rs 25,882 crores in comparison with previous years achievement of Rs 8,901 crores and Rs 15,370 crores respectively. The Government of Karnataka, while renewing the lease of NMDCs Donimalai Iron Ore Mine, had imposed a new condition asking for a premium of 80% on the average sale value. Was not as per the provisions of the MMDR Act and Mineral Rules, 2015, the company requested the State Govt. Date and up to the Effective Date, NMDC shall be deemed to have been carrying on and shall carry on business and activities with respect to the Demerged Undertaking, for and on account of, and in trust for NSL.


The Government of Chhattisgarh has notified the allocation of Dep-4 to NMDC in Sep19 for prospecting and mining operations. 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 FY31. 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 FY31 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 FY30. To augment the production and to improve the quality of product mix from Bailadila Sector, the schemes like SPIN Kirandul, New Crushing Plant of Dep.14 & 11/C and Downhill conveyor, additional screening lines in Bacheli, Rapid Wagon Loading System etc. are envisaged.


is there any probability to switch cease loss for for Phase-1 of Slurry Pipe Line including 2 MTPA capacity Ore Processing Plant at Bacheli, 15 MTPA capacity Slurry Pipeline System from Bacheli to Nagarnar and 2 MTPA capacity Pellet Plant at Nagarnar, have also been initiated. For further details, reference may kindly be made to Corporate Governance Section of the Annual Report. The Vigilance department has suggested recording Online/Offline demonstrations and drafting SOPs/Guidelines to be followed in instances where Online/Offline demonstrations were included in tender documents for evaluating techno-commercial offers.

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