NMDC has signed memorandum of understanding with Ministry of Steel, Government of India on the commitments of NMDC, pertaining to its performance for the year 2015-16.

The significant parameters of the MoU are production and sale of iron ore including related financials, project implementation, R&D efforts, environment monitoring, energy conservation, quality compliance, manpower productivity, human resource management and customer satisfaction.

Shares of the company declined Rs 0.5, or 0.4%, to trade at Rs 123.70. The total volume of shares traded was 35,104 at the BSE (11.58 a.m., Thursday).