NMM Business Plan
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COMPANY PROFILE
NMM Producer Company Ltd is a part of one of the leading colgrimates company in India; NMM Group of Companies is also a big supplier of Jindal Group & Tata Steels and played a key role in India’s top steel mining company. The company is in process of vertical integration from raw material to finished product and is setting up sponge iron and rolling mill units to cater to TMT and Ingot demand. Today, it is spearheading growth in the Indian economy’s core sectors – steel and infrastructure. NMM has its presence at 7 Major ports that handle a large volume of traffic. These are Chennai Port, Cochin Port, Vishakhapatnam Port, Kandla Port, Kolkata Port, Paradip Haldia Port, Mumbai Port. The total system handled by each port and calculated by the sum of coastal loaded, coastal unloaded, Overseas loaded, Overseas unloaded.
Sector Survey
Mining is a major economic activity in India and the industry is the backbone of the manufacturing and infrastructure of the economy. NMM provides basic raw materials to several significant industries, including thermal, iron and steel, petroleum and natural gas, electrical and electronics equipment, among others. Indeed, the country is well-endowed in minerals. NMM play a significant role in providing attractive business opportunities for steel, zinc and aluminum producers. The sector contributed 2.6% of GDP in 2015-16, with barely 20% of reserves mined; India presents a major opportunity for investors. In the last two years, production of minerals witnessed a spike of 5% – from USD 68 Billion.
VISION
The vision is Excellence in execution and focus on sustainability.
MISSION
The mission of NMM plays a significant role in providing attractive business opportunities for steel, zinc and aluminum producers. Focus on infrastructure and restarting road projects is aiding the boost demand for steel. Also, further likely acceleration in rural economy and infrastructure is expected to lead to growth in demand for steel.
