New Delhi: Sumit Deb is set to be the next Chairman & Managing Director of NMDC Limited, a state-run Navratna PSU under the Ministry of Steel. Deb's name has been recommended by a Public Enterprises Selection Board (PESB) panel on Tuesday. He is currently serving as Director (Personnel) in the same organisation. With his new assignment, Deb will replace N Baijendra Kumar.
Sumit Deb has been recommended for the post of Chairman & Managing Director (CMD) of NMDC Limited by PESB from a list of eight candidates who were interviewed
Deb has been recommended for the post of CMD of NMDC from a list of eight candidates who were interviewed by the selection panel. A total of three candidates, including Deb, who were on the list were from NMDC, and others were from MECON Limited, MOIL Limited, Security Printing and Minting Corporation of India Limited (SPMCIL), Bharat Sanchar Nigam Limited (BSNL) and one person was from the state government of Nagaland.
NMDC Limited, previously known as National Mineral Development Corporation, is a state-controlled mineral producer. It is owned 72.43 percent by the government and is under the administrative control of the Ministry of Steel. It is involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite etc.
It is India's largest iron ore producer and exporter, producing more than 35 million tons of iron ore from 3 fully mechanised mines in Chhattisgarh and Karnataka. It also operates the only mechanised diamond mine in the country at Panna in Madhya Pradesh.