NMDC Limited has announced a key leadership appointment with Shri Krishna Kumar Thakur being designated as Director (Personnel) on the company's Board of Directors. The appointment represents a significant addition to the mining giant's executive leadership team.

Appointment Details

The Ministry of Steel, Government of India has issued Order No. S-14013/1/2025-BLA dated 17th March 2026, formally appointing Shri Krishna Kumar Thakur to the position. The appointment details are structured as follows:

Professional Background

Thakur brings extensive experience from his current role as Director (HR) at Bharat Heavy Electricals Limited (BHEL), one of India's leading public sector enterprises in the power and infrastructure sector. His appointment to NMDC's Board reflects the government's strategic approach to strengthening leadership across key public sector undertakings.

Regulatory Compliance

NMDC Limited has fulfilled its disclosure obligations under Regulation 30 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified all major stock exchanges where its shares are listed:

• BSE Limited: Scrip Code 526371
• National Stock Exchange of India Limited: Scrip Code NMDC
• The Calcutta Stock Exchange Limited: Scrip Code 24131

The notification was issued on 17th March 2026 under reference number SEA2025084, ensuring complete transparency and regulatory compliance. Company Secretary & Compliance Officer Pravin Shekhar signed the official communication to all exchanges.

NMDC Limited has entered into a strategic partnership with Gujarat Mineral Development Corporation Limited (GMDC) through a non-binding Memorandum of Understanding executed on 16.03.2026. The collaboration focuses on Rare Earth Elements (REE) and associated minerals, marking a significant step towards strengthening India's critical mineral supply chain.

Partnership Details

The MoU brings together two major government enterprises to explore opportunities in the rare earth sector. NMDC Limited, a Government of India enterprise, has partnered with GMDC, a Government of Gujarat enterprise, to leverage their combined expertise and resources in mineral development.

Strategic Objectives

The collaboration aims to strengthen cooperation towards securing India's critical mineral supply chain through comprehensive development of rare earth resources. The partnership focuses on creating an integrated approach to rare earth element development across multiple stages of the value chain.

Integrated Value Chain Development

The MoU encompasses the development of an integrated rare earth value chain in India covering several key areas:

• Exploration: Identifying and assessing rare earth mineral deposits
• Mining: Extraction of rare earth elements and associated minerals
• Processing: Converting raw materials into usable forms
• Separation: Isolating individual rare earth elements
• Downstream Manufacturing: Producing end-use products and applications

Regulatory Compliance

NMDC Limited disclosed this partnership under Regulation 30 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited on 16.03.2026.

Market Significance

This collaboration represents a strategic move to enhance India's self-reliance in critical minerals, particularly rare earth elements which are essential for various high-technology applications. The partnership between two established government enterprises provides a strong foundation for developing domestic capabilities in this strategically important sector.