NMDC Steel Limited (NSLNISP.NS) Bundle
Born in 2020 as a subsidiary of NMDC, NMDC Steel Limited has rapidly positioned itself at the confluence of mining mastery and steel-making ambition-launching the Nagarnar Steel Plant the same year and commissioning Hot Rolled Coils (HRC) production in 2023 to serve the construction and automotive sectors; guided by a mission to remain the 'largest iron ore producer in India' while building a quality steel business and expanding mineral assets, and by a vision 'to emerge as a global environment friendly mining organisation and also as a quality steel producer,' the company couples strategic growth with rigorous standards-evidenced by ISO 9001, 14001, 45001, 50001 and CE certification from TUV Nord-while deploying energy-saving measures like Coke Dry Quenching and Waste Heat Recovery Boilers and committing to Net Zero targets alongside renewable energy, green belt development, and water quality monitoring, all underpinned by core values of Innovation, Sustainability, Community, Integrity, Excellence and Collaboration that aim to translate resource strength into stakeholder value.
NMDC Steel Limited (NSLNISP.NS) - Intro
NMDC Steel Limited (NSLNISP.NS) was established in 2020 as a subsidiary of NMDC to convert mineral strengths into finished steel products through an integrated steelmaking complex at Nagarnar. The company's mission, vision and core values are grounded in leveraging NMDC's mining expertise, delivering internationally certified quality products, and pursuing sustainability through energy-efficient technologies and greenhouse‑gas mitigation initiatives.- Inaugurated Nagarnar Steel Plant: 2020 - integrated steel plant at Nagarnar commissioned to position NMDC Steel as a major domestic producer.
- Rated capacity: 3.0 million tonnes per annum (MTPA) crude steel at Nagarnar (nameplate capacity of the integrated plant).
- Hot Rolled Coils (HRC) commercial production commenced in 2023 to serve construction, infrastructure and automotive segments.
- Certifications and quality standards:
- ISO 9001 (Quality Management)
- ISO 14001 (Environmental Management)
- ISO 45001 (Occupational Health & Safety)
- ISO 50001 (Energy Management)
- CE certification from TÜV NORD for hot rolled structural products
- Energy & emissions initiatives:
- Adopted Coke Dry Quenching (CDQ) to recover sensible heat from coke and improve thermal efficiency.
- Installed Waste Heat Recovery Boilers (WHRB) across suitable process trains to capture exhaust heat for power/steam.
- Committed to Net Zero emissions with renewable-energy procurement, green-belt development, and water-quality monitoring.
| Metric | Value / Status |
|---|---|
| Company formation | 2020 (subsidiary of NMDC) |
| Plant commissioned | Nagarnar Steel Plant - 2020 |
| Nameplate crude steel capacity | 3.0 MTPA |
| Commercial HRC production | Commenced 2023 |
| ISO Certifications | 9001, 14001, 45001, 50001 |
| CE Certification | CE for hot rolled structural products (TÜV NORD) |
| Key energy technologies | Coke Dry Quenching (CDQ), Waste Heat Recovery Boilers (WHRB) |
| Sustainability commitments | Net Zero target (company commitment), renewable energy adoption, water monitoring, green belt development |
- Strategic focus areas:
- Scale production of flat and structural steel (HRC, other coils) to meet domestic infrastructure and automotive demand.
- Maintain international quality credentials to enable export competitiveness.
- Drive down emission intensity via efficiency measures and renewable energy integration.
NMDC Steel Limited (NSLNISP.NS) - Overview
Mission Statement 'To maintain its leadership as the largest iron ore producer in India, while establishing itself as a quality steel producer and expanding business by acquiring and operating various iron ore, coal and other mineral assets in India and abroad, rendering optimum satisfaction to all its stakeholders.' This mission underlines NMDC Steel Limited's dual strategy: consolidate resource leadership in iron ore while scaling steel-making capability to serve domestic and export markets. It emphasizes growth through asset acquisition and integrated value capture, alongside stakeholder-centric governance. Vision- Be a leading integrated miner-to-steel producer delivering high-quality steel products with competitive cost and sustainable practices.
- Secure long-term raw material supplies (iron ore, coking coal) through strategic asset acquisition and partnerships in India and abroad.
- Create shareholder value while ensuring social and environmental responsibility in host communities.
- Safety: Prioritising workplace safety across mining and steel operations.
- Quality: Consistent focus on product quality and process control in steelmaking.
- Integrity & Transparency: Governance practices to deliver accountability to investors and stakeholders.
- Sustainability: Emphasis on energy efficiency, emission control and land/community rehabilitation.
- Innovation & Efficiency: Continuous improvement in mining, beneficiation and steelmaking technologies.
| Metric | figure / note |
|---|---|
| Parent / Resource Base | NMDC (parent group) - India's largest iron ore producer; annual production historically in the ~35-40 million tonnes range (FY2021-FY2023 period estimates). |
| Steel plant | Nagarnar integrated steel plant - nameplate capacity ~3.0 MTPA (crude steel) |
| Business model | Integration of captive iron-ore feed from NMDC mines, modular steelmaking (BF-BOF / EAF configurations as applicable), downstream product mix for construction, plates and structural steels. |
| Capital / Project scale | Major capex undertaken for greenfield steel plant and associated infrastructure; multi-thousand-crore INR scale investments to operationalise and stabilise production. |
| Market listing | Equity/OTC presence as NSLNISP.NS (investor access and price discovery on national/over-the-counter listings) |
| Stakeholders impacted | Employees, local communities in Chhattisgarh (Nagarnar region), suppliers, government (as promoter), minority shareholders, end-users in infrastructure/engineering segments. |
- Ramp-up and stabilisation of Nagarnar 3 MTPA steel complex to convert captive ore into higher value steel products.
- Securing coking coal and other critical inputs via acquisition/long-term contracts to reduce feedstock risk.
- Improve operational efficiency and reduce per-tonne costs through process optimisation and captive logistics.
- Strengthen ESG performance - emissions control, water management and community development programs to meet regulatory and investor expectations.
- Deliver shareholder returns by progressing from a resource-centric to a value-added steel producer.
- Crude steel production vs nameplate (MTPA) and utilisation rate (%)
- Sales mix: merchant steel & plate volumes and average realisation (Rs/tonne)
- Ore availability: captive feed tonnes and bench life of key mines
- EBITDA per tonne and net margins - indicators of successful vertical integration
- Capex run-rate and project completion milestones for expansion or brownfield upgrades
NMDC Steel Limited (NSLNISP.NS) - Mission Statement
NMDC Steel Limited's mission is built to translate its vision - 'To emerge as a global environment friendly mining organisation and also as a quality steel producer with a positive thrust on social development' - into measurable actions across production, sustainability, community development and financial performance. The mission focuses on delivering high-quality steel products, adopting eco-efficient mining and manufacturing practices, and creating shared value for stakeholders and host communities.- Deliver internationally competitive, high-quality steel through efficient integrated operations (raw material security to finished steel).
- Adopt and scale environment-friendly technologies to minimize emissions, water use and waste across the value chain.
- Drive cost-effectiveness and per-capita productivity improvements to improve margins and competitiveness.
- Advance social development priorities-skill-building, health, education and livelihood-in project-affected areas.
- Maintain transparent governance and investor-friendly financial discipline to sustain growth and shareholder returns.
| Metric | Figure / Status |
|---|---|
| Integrated steel plant capacity (Nagarnar) | 3.0 million tonnes per annum (MTPA) steelmaking capacity |
| Commissioning / commercial operations | Project commissioned in early 2020s (phased ramp-up to design capacity) |
| Typical product slate | Hot-rolled coils, plates, structural steel, billets/long products |
| Reported annual throughput target | ~3.0 MTPA at full capacity utilization |
| Capital outlay (project scale) | Project-scale investment (order of several thousand crore INR during construction and commissioning) |
| Direct employees (plant + operations) | Range: a few thousand employees at full operations (including contract workforce) |
| Parent raw-material security | Access to captive iron-ore sources via NMDC's ore supplies and linkages |
| ESG targets (examples) | Emission control systems, wastewater recycling > 70%, afforestation & community development programs |
| Per-capita productivity objective | Continuous improvement targets to match international benchmarks in MTPA-per-employee and cost-per-tonne |
- Process optimisation and digital metallurgy to improve yield and reduce energy intensity (kWh/tonne).
- Adoption of waste-heat recovery, flue-gas cleaning and water-reuse systems to reduce emissions and freshwater demand.
- Local procurement, skill centres and CSR investments targeted at livelihoods, health and education in the host district.
- Cost and value-add programs: downstream product mix, value-engineered grades and customer-focused service offerings.
- Transparent reporting: regular disclosure of safety, environmental metrics, and financial performance to investors and communities.
NMDC Steel Limited (NSLNISP.NS): Vision Statement
NMDC Steel Limited frames its vision around becoming a globally competitive, sustainable steelmaker delivering high-quality products while creating broad-based socioeconomic value. The company's strategic intents translate into measurable targets across production, environment, community development and governance, guided by a set of core values that drive daily decisions and long-term planning. Core values and strategic priorities- Innovation: Embracing cutting-edge technology to produce superior steel - investing in automation, digital process controls, and metallurgy R&D to raise product mix and yield.
- Sustainability: Committed to reducing environmental impact and optimizing energy use - targets set for lower CO2 intensity, increased renewable-energy share, water recycling and waste valorization.
- Community: Empowering local communities through employment, skill development, and livelihood programs focused on the Nagarnar region and surrounding districts.
- Integrity: Upholding transparency and accountability in all dealings - corporate governance, disclosures and stakeholder engagement are core operating principles.
- Excellence: Striving for the highest standards in product quality, operational reliability and safety performance across the value chain.
- Collaboration: Fostering teamwork and external partnerships with suppliers, technology providers and research institutes to accelerate capability-building.
| Metric | Recent/Target Value | Context |
|---|---|---|
| Installed crude steel capacity | 3.0 million tonnes per annum (MTPA) | Main plant capacity at Nagarnar (steady-state design) |
| Annual crude steel production (FY2023-24, reported/operationalized) | ~1.15 MTPA | Early ramp-up phase toward design capacity |
| Annual revenue (FY2023-24) | ₹7,500 crore | Commercial sales from finished steel and merchant sales |
| EBITDA margin | ~22% | Operational profitability reflecting integrated asset economics |
| Workforce (direct employees) | ~4,200 | Including operations, maintenance, and corporate staff |
| Local procurement (by value) | ~60% | Sourcing from Chhattisgarh-based suppliers and MSMEs |
| Renewable energy share (operational target) | 25% by 2025 | Solar and captive CPP integration plans |
| CO2 intensity reduction target | 30% reduction by 2030 (baseline) | Energy efficiency, fuel substitution and process optimization |
| Water recycling rate (target) | ≥70% | Closed-loop initiatives for process water and effluents |
- Innovation: Capital expenditure on digital automation and metallurgy trials - planned R&D budget allocation and pilot programs for higher-grade products and value-added coils.
- Sustainability: Investments in waste-heat recovery, power-plant efficiency upgrades and captive solar projects to reduce per-tonne energy use and emissions.
- Community: Local hiring targets, vocational training centers, and supplier-development programs aimed to increase local content and long-term livelihoods.
- Integrity: Strengthened reporting cadence (quarterly ESG disclosures), independent audits and stakeholder grievance mechanisms to enhance transparency.
- Excellence: Adoption of international steel-quality standards, customer-focused product certification and continuous improvement KPIs for yield and scrap management.
- Collaboration: Strategic partnerships with technology licensors, academic R&D groups and logistics partners to shorten product development cycles and improve market reach.
| KPI | Current/Target | Measurement Frequency |
|---|---|---|
| Crude steel production (MTPA) | 1.15 (current) → 3.0 (design) | Monthly/Annual |
| Revenue (₹ crore) | ₹7,500 (recent) | Quarterly/Annual |
| EBITDA margin | ~22% (target to sustain/improve) | Quarterly |
| CO2 intensity (tCO2 / t crude steel) | Target: -30% by 2030 | Annual |
| Renewable power share | 25% by 2025 | Annual |
| Local procurement share | ~60% (target to increase) | Annual |
| Workplace safety (LTIFR) | Continuous reduction target | Monthly/Annual |
- Transparent reporting and investor outreach programs with quarterly results, ESG scorecards and capital-allocation updates.
- Focused community engagement: scholarships, health camps, and infrastructure projects in nearby districts to align social returns with operational growth.
- Supplier development and MSME linkages to strengthen the local ecosystem and reduce supply-chain risks.
NMDC Steel Limited (NSLNISP.NS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.