NMDC : Disclosures of related party transactions on a consolidated basis for the period ended 31st March 2019​

NMDC

~~it~ R;t~~s
NMDC Limited
(11Rn ~ (ff1 '3'Vll) (A GOVT. OF INDIA ENTERPRISE)	'Utll
~ Cf>t4i<'l4: ~ ~·. 10-3-311~, ~ ~. +f'RW{~. ~C:	028.
Regd. Office: 'Khanij Bhavan'10-3-311 /A, Castle Hills, Masab Tank, Hyderabad - 500 028.
m ~~ I Corporate Identity Number: L13100AP1958	GOI 001674

No. 18(1)/2019-Sectt

201h

June

2019

1.	The BSE Limited	2.
	Phiroze Jeejeebhoy Towers,
	Dalal Street, Mumbai- 400001
3.	The Calcutta Stock Exchange
	Limited, 7, Lyons Range,
	Kolkata - 700001

National Stock Exchange of India

Exchange Plaza, C-1, Block G,

Bandra Kurla Complex,

Bandra (E), Mumbai -400 051

Ltd

.,

Dear

Sir

I

Madam,

Sub:

Disclosures ended 31st

of related party March 2019

transactions

on

a

consolidated

basis for

the

period

Ref:

Regulation 23(9) of the SEBI (Listing Obligations Regulations, 2015; Security ID: NMDC

and

Disclosure Requirements)

In ·compliance with Regulation 23(9) of the SEBI (Listing	Obligations and Disclosure
Requirements) Regulations, 2015, please find enclosed	disclosures of related	party
transactions, on a consolidated basis for the period ended 31st March 2019.

The

above

information

is

also

available

on

the

Company'swebs

ite:

www.nm

dc.co.in.

This

is

for

your

information

and

record

s.

Thanking you

You

rs

faithfully,

~NMDC

Limited

A S P~Saradhi Company Secretary

Encl:

A/a

.

~I

Phones: 23538713·21 (9 Lines), 23538723, 23538767 t-~I E-mail : [e-mail] ~I Website

l);cm I Fax: [phone]

: www.nmdc.co.in

Bel

ated

Partv

Disclo

sures ·

Transactions during the year with related parties:
A)	Tran sactions with Sub sidiary Companies

(Up to 31-March-1

9)

INR In Crore

Particulars

J&K Mineral

Development

CoporaUon Ltd.

NMDC SARL Madag askar(un der cl osu re)

N

MDC Power

Ltd.

Legacy Iron ore Lid.

NMDC Steel

Ltd.

Karnataka

Vljayn agar Steel

Ltd.#

Jharkhand

Kolhan Steel

Ltd.

NMDC Found

CSR ation

TOTAL

Subsidiary Companies:
a)	Investments:
Opening balance
Investment made durinQ the vear
Closlna ba lance
Investment deration/ Provision

28.51 - 28.51

28.51

7.20

0.55

7.200. 55

7

.20

168.53 - 168.53

0.01	0.01	0.01
0.05	0.09	0.05
0.06	0.10	0.06

- 2.00 2.00

204.82

2.19

207.01

35.71

b~ Loan s and Advances: Opening balance Advances given/ (Amount received/adjusted) " "-'nn lh• uAor/ N• t

Closlno balance

Advances derated/ Provisk>n

# The company has so far doposliad '"' """"'11 ol Rs.639.61 cuuenl yea

18.33		0.09	-	0.02	639.63	0.03		658.10
(1 .88 )		(0.09)	(0.02)	2. 15		-	0.16
16.45	-	-	-	-	641.78	0.03	658	.26
13.86								13.86
			'8llilgup ol s1eel plant al Karnalaka and '"'amo1.11tRs.2.17aore was spent lof fencing Ile land ~ lhe
aorev.ilh Karnataka lnduslrla /llea [)eyGtapnenl Boad(KIADB) lof aoqtiollion ol lard lor

B)Transactlons with Joint Venture c ompany:

INR

In

cro re

Pa

rticulars

Kopano NMDC
Minerals
(Proprietary)	Lid.

Bastar Railway

(P) Lid.

NMDC- CMDC Lid

Jharkhand National

Mineral

Development

Corporation Lid.

NMDC-SAIL Ltd . ##

Tota

l

al	Investments:
OoeninQ balance
find Advance aaaln st eauitvl
Investment made durlna the vear
Closlna balance
Investment deratlon/ Provision
bl L oans and Adva nces
Advances glven/(Amount	received/adjusted)
'""''nn the vearl Netl
Clo slno balance
# Rs.3241-
## under closure

#

- -

0.10

0.10

1.96 150.71

152.67

6. 50

(6.50)

98.35

98.35

46. 10 -

46.10

0.01

- 0.01

0.04 0.01

0.05

0.03	100.35
	150.71

0.03251.06

0.03	0.03
	52.74
	(6.4 9)
	46.25

C) Transactions wtth Associate Companies :
	Romelt-Sail India	lntematlonal	Krlshnapatnam
Partlcula~	ltd	Coal Ventures	Railway
	Pvt. ltd	Company ltd.

al	Investme nts:	0.11	376.36	40.00
OoenlnQ balance
(Incl Advance aQainst eQultvl	-
Investment made during the year
Closlna balan ce	0. 11	376.36	40.00
Investment deratlonl Prnvlslnn	0.11	-	-
b) Loans and Advances	-
0)	Key Management Personnel:
Directors:

INR In crore
Neelachal lspat
Nigam Ltd.	Chhattisgarh
	Mega Steel Ltd.

100.600.01

		-
100.	60	0	.01

Total

517.0B -

517.08

0.11

-

1. Sri. N. Baljendra Kumar
2. Sri P.K. Satpalhy
3. Or. T.R.K. Rao

4)	Sn Sandeep Tula

1. Sr1 Amllava Mukherjee

6)	Sr1	N. K Nanda
7)	Sri	0. S Ahluwalia
Company Secretary:

( Chairman-cum-managing Director) Director (Production) Director (Commercial) up to 31-05-2019 Director { Pe~onnel) Director ( Finance) from 20-11-201B Director (Technical) up lo 30-1 1-2018Director (Finance) upto 30-04-2018

1. Sr1. A.S . Pardha Saradhl

E)Remuneratlon to Key Managerial personnel up to March 2019 ls~ 5.62 crore (Previous year'4.24crore)
1) No var1able Incentive Is being paid to	KMP except Performance Related Pay being paid to them on annual basis as per
OPE guidelines.
2) The company has not Introduced any stock option scheme during the year.
3) Includes the provision made on account of acturial valuation of retirement benefits schemes except for Company
Secretary, as lhe same~ not seperately Identifiable.
4) Value of perquisites under section 17(2) of the IT Act, 1961 of Rs.0.14 crore (Previous year: Rs.0.06crore) not Included
above.
F)	Governme nt Nominee Directors	Govt. Nominee Director. NMDC Ltd., & Sceclal Secretarv & Finan cial Advisor. Minlstrv of Steel
Sri	SaraswaU Prasad
Smt. Raslka Choube	Govt. Nominee Director, NMDC ltd., & Addi. Secretary, Ministry of Steel
Sr1	SunII Barthwal (up to 23.05.201B)	Govt. Nominee Director, NMDC Ltd
Sri Puneet Kansai (up to 15.07.2018)	Govt Nominee Director, N MDC Ltd
GI lndepondent Directors:
Sri A.K Srivastava
Smt. Bhagwati Mahesh Baldewa
Sri Pradlp Bhargava
Or S.K Sarkar
Sri S.MNlgam
Sri A.K Angurana
Sr1	Rajesh Kumar Mangal (up to 12·11-2018)
Sri B. Navroj Vaklll (up to 17-06-2018)
H) Payment to lndcpondcnt Directors	~ 0.35 crore (Previous year ,0.33crore Including service tax)
Sithng fees & towards other services