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Owner. Government of India (60.79%) [2] Number of employees. 5,887 (March 2019) [3] Website. www.nmdc.co.in. NMDC Limited, formerly National Mineral Development Corporation, is an Indian public sector undertaking involved in the exploration of iron ore, rock, gypsum, magnesite, diamond, tin, tungsten, graphite, coal etc.
Aug 17, 2020 · The offer has been proposed by General Holding Corporation (Senaat), which is a part of the Abu Dhabi government-owned ADQ, and other shareholders that hold a minority stake in NPCC. It gives an implied equity value of AED1.1bn ($299.5m) to NMDC. NPCC is controlled by the Abu Dhabi government through ADQ.
Dec 24, 2020 · At its recent AGM, the management finally approved the offer to merge with National Petroleum Construction Company. This was pursuant to a proposal put up in August to the NMDC management.
Dec 15, 2020 · The merger will create "a regional leader in dredging and marine construction", state holding company ADQ, which holds a 32 per cent stake in NMDC according to exchange data, said in a statement on Tuesday. ADQ is also the majority owner (through its subsidiary Senaat) of NPCC.
NMDC Group is led by Group CEO Eng. Yasser Zaghloul, an established expert in marine dredging and oil and gas, with nearly three decades of experience in the industry.
National Marine Dredging PSC (NMDC) is a United Arab Emirates-based public shareholding company primarily engaged in the execution of dredging contracts and associated land reclamation works in the territorial waters of the United Arab Emirates, under the directives of the Government of Abu Dhabi.
Mar 18, 2021 · NMDC owns the most extensive portfolio of dredging assets in UAE, consisting of 19 dredgers with capacities ranging from 1,795 KW to 20,725 KW, including two Trailing Suction Hopper Dredgers with...
