NMDC Ltd — Interim / Quarterly Report 2020

Aug 28, 2020

"Cf' l!1' tt ~~~=ts NMDC Limited

(1fm'I ~ Cfi1 '3'U'I) (A GOVT. OF INDIA ENTERPRISE) cPl<li<'l<l : · 1f"CR', 10-3-311~. ~. ~ten, C:'<l C:- 500 028. Regd. Office : 'Khanij Bhavan' 10-3-311/A, Castle Hills, Masab Tank, Hyderabad - 500 028. ~~~ICorporate Identity Number : L 13100TG1958 GOI 001674

No. 18( 1 )/2020- Sectt 28th August 2020

	1) The BSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street, Mumbai- 400001	2)	National Stock Exchange of India Ltd.,Exchange Plaza, C-1, Block G,Bandra Kurla Complex,Bandra (E), Mumbai - 400 051
3)	The Calcutta Stock ExchangeLimited, 7, Lyons Range,Kolkata - 700001

Dear Sir I Madam,

• Sub: Newspaper Publication of the Unaudited Financial Results for the first quarter ended 30th June 2020
• Ref: Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements} Regulations, 2015; NSE Symbol: NMDC; BSE Scrip Code: 526371

Please find attached the newspaper publication of the Unaudited Financial Results (Standalone and Consolidated) for the first quarter ended 30th June 2020 published in Financial Express (English). Vaartha (Telugu) and Daily Hindi Milap (Hindi) on 28th August 2020.

This is for your information and records.

Thanking you

Yours faithfully, '°i'.lmited

ardha Saradhi Company Secretary

Encl: As above

FINANCIAL EXPRESS

I

'

Notes:

Place : Hyderabad Dated : 27th August 2020

	QuarterEnded	YearEnded	QuarterEnded	QuarterEnded	YearEnded	QuarterEnded
Partlculars				30/Jun/2020 31/Mar/2020 30/Jun/2019 30/Jun/2020 31/Mar/2020 301Junl2019
	Un·audlted	Audited		Un·audlted Un·audlted		Audited Un·audlted
Total Revenue from Operations	1,937.50	11,699.22	3,263.74	1,937.50	11,699.22	3,263.74
Net ProfiV(Loss) for the period (before tax, Exceptional,Extraordinary items and/or discontinued operations)	760.00	6,219.92	1,913.16	758.45	6,211.47	1,911.89
Net ProfiV(Loss) for the period before tax (after Exceptional,Extraordinary Items, and/or discontinued operations)	759.43	6,122.43	1,912.94	757.88	6,113.98	1,911.67
Net ProfiV(Loss) for the period after tax (after Exceptional and/orExtraordinary items)	532.90	3,610.12	1,179.28	531.35	3,601 .52	1,178.01
Share of Loss of Associates/JVs				(0.43)	(28.56)	(6.65)
Non-Contn;ling Interest (Profit)/Loss				(0.09)	(0.33)	(0.20)
Net Profit/loss after taxes, Non·ControllingInterest and share of profit /loss of Associates	532.90	3,610.12	1,179.28	531.01	3,573.29	1,171.56
Total Comprehensive Income for the period ( <;omprising profiV(Loss) for the period (after tax) and Other Comprehensive Income(after tax))	514.13	3,535.08	1,179.72	512.24	3,580.28	1,185.14
Paid up Equity Share Capital (Face value Re.11· each)	306.19	306.19	306.19	306.19	306.19	306.19
Other Equity (excluding Revaluation Reserve asshown in the Balance Sheet of previous year)		27,533.95			27,681.12
Earnings Per Share (of Re. 11· each)(r)BasicDiluted(i Rs.)	1.741.74	11.7911.79	3.853.85	1.731.73	11.6711.67	3.833.83

TheA\Jdit Committee has reviewed th'e above results and the same have been subsequenUy approved by the Board of Directors in the meeting held on 27thAugust2020.

ii) The unaudited financial results have been reviewed by the Statutory Auditors as required under Regulation 33 of Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) Regulations, 2015.

iii) The, fipancial results have been prepared in accordance with the recognition and measurement principles of lnd·AS, prescribed under Section 133of the Companies Act, 2013 read with the relevant rules issued there under and the other accounting principles generally accepted in India. iv) An alnoont of Rs. 29.4 crore is provided towards Expected Credit Loss (ECL) during the current quarter and included in "Other Expenses".

•. v) Mining Department, Chattisgarti·has been seeking compensation to be paid on the basis of the Common Cause Judgement of Hon'ble Supreme Court related to Orissa mines in the Writ Petition Civil No 114 of 2014 dated 2nd August 2017. Show cause notices were issued for whidj the company has all along been reiterating the fact of non·applicability of the Hon'ble Supreme Court Judgement in the State of Chhattisgarh. Distt. Collector,1South Bastar, Dantewada issued Demand notices dated 15/11/2019 for an amount of Rs.1,623.44 Crore (Bache Ii· Rs 1, 131.97 Crore& Kirandul Rs.491.4 7 Crore) to be deposited within 15 days.As the Mining Leases of the company in the State of Chhattisgarh were expiring oil' 31.03.2020 and due for renewal, the Company paid an ad hoc amount of Rs 600 Crore under protest and filed writ petitions in the Hon'bl~ High Court of Bilaspur, Chhattisgarh and a Revision application with Mines Tribunal, Ministry of Mines, Government of India, New Delhi praying to set aside the demand notices.

Hon'ble High Court of Bilaspur has heard the WPs on 19.02.2020 and sought certain clarifications from the respondent and directed 'no coercive action till 12.03.2020 <Hid lis~ed the case for 12.03.2020. However due to COVID· 19 situation, no further hearings could take place . 1 The6emand amount of Rs 1,623.44 Crore has been included under 'Contingent Liabilities'.

vi) The Government of Kamataka, w!Jile renewing the lease of NMDC 's Donimalai Iron Ore Mine, has imposed a new condition asking for a premium of 80% on the average sale value. As the demand of the State Govt. is not as per the j>(ovisions of the MM DR Act 2015 and Mineral (Mining by Government Company) Rules, 2015, the company requested the Govt. to reconsider its decision.

Since there was no positive response from the State Govt, the company has suspended its operations from 4th November 2018 and moved the Hon'ble High Court of Kamataka praying for a suitable direction io the matter. The Hon'ble High Court of Kamataka in its judgement dated 10th July 2019 has passed an Ofder setting aside the condition impqsed for levying 80% premium. On the basis of the judgement, NMDC has requested the State Govt. to consider the execution of Lease Deed ofDonimalai Mine.

,, The Government of Kamataka issued an Order dated 17 .08.2019 withdrawing the approval for e~iei'lsion of the Donimalai mining lease and with a direction to the Director of DMG to auction the said block. In this regard, the Company on 19.8.2019 filed 'Revision application' before The Hon'ble Mines Tribunal, Government of India. Meanwhile, the State Government issued a notification dated 20.08.2019 inviting tender for auction of the Donimalai Mining block. On 21 .08.2019 Hon'ble Mines Tribunal heard the submissions and stayed the Order dated 17.08.2019 issued by the Government of Kamataka withdrawing the extension of lease and any consequent action thereon until the next date of hearing. The matter is pending with Hon'ble Mines Tribunal.·

"Meanwhile, Ministry of Mines has amended the 'Mineral (Mining by Government Company) Rules, 2015 with regard to renewal of mining leases allocated to Government Companies. Earlier the rule 3 (2) Stated that ff an application for renewal of mining leases is made to the State Government by a Government company, the State Government 'MAY", for reasons to be recorded in writing , extend the period of the mining lease fOffurther periods of up to twenty years at a time". Now the rule is amended by substituting the word "MAY" with 'SHALL". Now the rule reads as "SHALL" forreasons to be recorded in writing, extend the period of mining lease for further periods of up to twenty years at a time·.

Even though the company is regularly corresponding with the State Government for extending the lease, response of the State Government is \ still awaited.

The last hearing at Mines Tribunal took place on 04.03.2020where in the State Government has requested adjoummenl upto 24.03.2020. No further hearings could take place due to COVID· 19 situation. The Company will be filing an application before Hon'ble Mines Tribunal seeking ,\ early hearing.

vii) Other, Expenses includes Rs. 150 crores, towards contribution to "Prime Minister's Citizen Assistance and Relief in Emergency Situation Fund' (P.M. CARES Fund), during the current period ended 30th June 2020.

viii) The COVID· 19 had an impact on the operations of the company during the current quarter ended June 2020. There has been a loss of around 18.23 LT of production and 23.94 LT of Sales of Iron Ore. This has resulted in a toss in Sales revenue of around Rs. 737 crores and PBTof Rs. 317 croresforthecurrentreported period.

Ix) The above is an extract of the detailed format of Quarterly Results filed with Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of Quarterly Financial Resulls are available on the Stock xchangewebsites(www nseindia comandwww.bseindia com)andCompany's web it~www mdc co in.

For NMDC Limited

•'

Sd/· Amitava Mukherjee Director (Finance) Din NO. 08265207

බිංගිරංහධේ,

a. Imited (A Government of India Enterprise)

Regd. Office:: 10-3-311/A, 'Khanij Bhavan', Castle Hills, Masab Tank, Hyderabad-500 028. CIN: L13100TG1958G0I001674

ECO FRIENDLY MINER

Extract of Un-audited Standalone & Consolidated Financial Resultsfor the quarter ended 30th June 2020

	Standalone			INK IN GroreConsolidated
	QuarterEnded	YearEnded	QuarterEnded	QuarterEnded	YearEnded	QuarterEnded
Particulars	30/Jun/2020	31/Mar/2020	30/Jun/2019	30/Jun/2020		31/Mar/2020 30/Jun/2019
	Un-audited	Audited	Un-audited	Un-audited	Audited	Un-audited
Total Revenue from Operations	1,937.50	11.699.22	3,263.74	1,937.50	11,699.22	3,263.74
Net Profit/(Loss) for the period (before tax, Exceptional,Extraordinary items and/or discontinued operations)	760.00	6,219.92	1,913.16	758.45	6,211.47	1,911.89
Net Profit/(Loss) for the period before tax (after Exceptional,Extraordinary items, and/or discontinued operations)	759.43	6.122.43	1,912.94	757,88	6,113,98	1,911.67
Net Profit/(Loss) for the period after tax (after Exceptional and/orExtraordinary items)	532.90	3,610.12	1,179.28	531.35	3,601.52	1,178.01
Share of Loss of Associates/JVs	$\cdot$ $\cdot$			(0.43)	(28.56)	(6.65)
Non-Controlling Interest (Profit)/Loss				(0.09)	(0.33)	(0, 20)
Net Profit/loss after taxes, Non-ControllingInterest and share of profit /loss of Associates	532.90	3,610.12	1,179.28	531.01	3,573.29	1,171.56
Total Comprehensive Income for the period { Comprising profit/(Loss) for the period (after tax) and Other Comprehensive Income(after tax)}	514.13	3,535.08	1,179.72	512.24	3,580.28	1,185.14
Paid up Equity Share Capital (Face value Re.1/- each)	306.19	306.19	306.19	306.19	306.19	306.19
Other Equity (excluding Revaluation Reserve asshown in the Balance Sheet of previous year)		27,533.95			27,681.12
Earnings Per Share (of Re. 1/- each)Basic(in Rs.)Diluted(in Rs.)	331.741.74	11.7911.79	3.853.85	1.731.73	11.6711.67	3.833.83

Notes:

Place: Hyderabad Dated : 27th August 2020

The Audit Committee has reviewed the above results and the same have been subsequently approved by the Board of Directors in the meeting $i)$ held on 27th August 2020.

The unaudited financial results have been reviewed by the Statutory Auditors as required under Regulation 33 of Securities and ExchangeBoard of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial results have been prepared in accordance with the recognition and measurement principles of Ind-AS, prescribed under Section iii) The interior results have been propered in accordance was an recognised the difference in principles of the Free processes when the companies Act, 2013 read with the relevant rules issued there under and the other accounti iv) An amount of Rs. 29.4 crore is provided towards Expected Credit Loss (ECL) during the current quarter and included in "Other Expenses".

Transmount of rss. 25.4 Grore is provided unwards Expected Greduluss (ECU) during the current quarter and included in "Other Expenses". We Min'ng Department, Chattisgarh has been seeking compensation to be paid on the bas Government of India, New Delhi praying to set aside the demand notices.

Hon'ble High Court of Bilaspur has heard the WPs on 19.02.2020 and sought certain clarifications from the respondent and directed 'no coercive action till 12.03.2020 and listed the case for 12.03.2020. However due to COVID-19 situation, no further hearings could take place. The demand amount of Rs 1,623.44 Crore has been included under 'Contingent Liabilities'.

The Government of Karnataka, while renewing the lease of NMDC's Donimalai Iron Ore Mine, has imposed a new condition asking for a premium of 80% on the average sale value. As the demand of the State Govt. is not as per the provisions of the MMDR Act 2015 and Mineral (Mining by Government Company) Rules, 2015, the company requested the Govt. to reconsider its decision.

Since there was no positive response from the State Government proposes are sources and second in a second inHon'ble High Court of Kamataka praying for a suitable direction in the matter. The Hon'ble High Court of Kamatak

The Government of Karataka issued and constraint uses between a boundarial wine.The Government of Karataka issued an Order dated 17.08.2019 withdrawing the approval for extension of the Donimalai mining lease andwith a d The matter is pending with Hon'ble Mines Tribunal.

The matter is performed the Mineral (Mining by Government Company) Rules, 2015 with regard to renewal of miningThe same side of the State in Same members in the Mineral (Mining by Government Company) Rules, 2015 with rega Even though the company is regularly corresponding with the State Government for extending the lease, response of the State Government is still awaited

The last hearing at Mines Tribunal took place on 04.03.2020 where in the State Government has requested adjournment upto 24.03.2020. Nofurther hearings could take place due to COVID-19 situation. The Company will be filin

vii) Other Expenses includes Rs. 150 crores, towards contribution to "Prime Minister's Citizen Assistance and Relief in Emergency Situation Fund" (P.M. CARES Fund), during the current period ended 30th June 2020.

viii) The COVID-19 had an impact on the operations of the company during the current quarter ended June 2020. There has been a loss of around 18.23 LT of production and 23.94 LT of Sales of Iron Ore. This has resulted in a loss in Sales revenue of around Rs. 737 crores and PBT of Rs. 317 crores for the current reported period.

ix) The above is an extract of the detailed format of Quarterly Results filed with Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of Qua Exchange websites (www.nseindia.com and www.bseindia.com) and Company's website www.rimdc.co.in.

For NMDC Limited

Sdl. Amitava Mukherjee Director (Finance) Din NO. 08265207

डेली हिन्दी मिलाप, हैदसबाद | www.webmilap.com

शक्रवार, 28 अगस्त, 2020.

एनएमडीसी Iddes (भारत सरकार का उद्यम) ् । ।पंजी, कार्यालयः 10-3-311/ए, 'खनिज भवन', कैसल हिल्स, मासाब टैंक, हैदराबाद-500028CIN: L13100TG1958G01001674

						भारतीय रूपए-करोड में
$-1.7$	एकल			समेकित
	समाप्ततिमाही	समाप्तवर्ष	समाप्ततिमाही	समाप्ततिमाही	समाप्तवर्ष	समाप्ततिमाही
विवरण	30/जून/2020	31/गार्च/2020	30/जून/2019	30/ 미국 1/2020	31/गार्च/2020	30/जून/2019
	अ-लेखापरीक्षित	लेखापरीक्षित	अ-लेखापरीक्षित	अ-लेखापरीक्षित	लेखापरीक्षित	अ-लेखापरीक्षित
प्रचालनों से कुल आय	1,937.50	11,699.22	3,263.74	1,937.50	11,699.22	3,263.74
अवधि के लिए निवल लाभ / (हानि) (कर, विशिष्ट्रअसाधरण गर्दो तथा / अथवा बंद प्रचालनों के पूर्व)	760.00	6,219.92	1,913.16	758.45	6,211.47	1,911.89
अवधि के लिए कर से पूर्व निवल लाग / (हानि)(विशिष्ट, असाधारण मर्दा तथा / अथवा बंदप्रचालनों के पश्चात)	759.43	6,122.43	1,912.94	757.88	, 6, 113.98	1,911.67
अवधि के लिए कर के पश्चात निवल लाभ /(हानि)(विशिष्ट तथा / अथवा असाधारण मदों के पश्चात)	532.90	3,610.12	1.179.28	531.35	3,601.52	1,178.01
सहायक कंपनी / जेवी की हानि का हिस्सा	۰	٠		(0.43)	(28.56)	(6.65)
अनियंत्रणकारी ब्याज (लाग) / हानि				(0.09)	(0.33)	(0.20)
कर, अनियंत्रणकारी ब्याज तथा सहायक कंपनियों केलाभ / हानि के हिस्से के बाद निवल लाभ / हानि	532.90	3,610.12	1,179.28	531.01	3,573.29	1,171.56
अवधि के लिए कुल समेकित आय {(अवधि के लिएकर पश्चात लाग / (हानि) तथा अन्य समेकित आय(कर पश्चात)} सहित	514.13	3,535.08	1,179.72	512.24	3,580.28	: 1.185.14
चुकता इक्विटी शेयर पूंजी (प्रत्येक काअंकित मुल्य) रु.1/-	306.19	306.19	306.19	306.19	306.19	306.19
अन्य इक्विटी (पिछले वर्ष के तुलन पत्रमें दिखाए गए पुनर्मूल्यांकन आरक्षित कोछोडकर)		27,533.95			27,681.12
प्रति शेयर अर्जन(प्रत्येक रु 1/- का)
(रुपए- में)मूल(रुपए में)डाइल्यूटेड	1.741.74	11.7911.79	3.853.85	1.731.73	11.6711.67	3.833.83

प्रयुक्त अनुमोदित किया गया है।

्(ii) अलेखा परीक्षा वित्तीय परिणाम सेबी (सूवीबद्धता दायित्व तथा प्रकटीकरण अपेक्षाएं) विनियम 2015 के विनियम 33 में अपेक्षितानुसार सांविधिकलेखापरीक्षकों द्वारा पुनरीक्षित किए गए हैं । (iii) वित्तीय परिणाम कंपनी अधिनियम 2013 की धारा 133 में विहित इंड ए एस सिद्धांतों के अनुरूप एवं उसके अधीन जारी नियमों के साथ पठित एवं

भारत में सामान्यतः अपनाए जाने वाले अन्य लेखाकरण सिद्धांतों क्ले अनुरूप बनाए गए हैं। (iv) वर्तमान तिमाही में रुपए 29.4 करोड़ की राशि का प्रावधान प्रत्याशित क्रेडिट हानि (ईसीएल) के प्रति किया गया है तथा उसे अन्य व्यय में शामिल

किया गया है। खनन विभाग, छत्तीसगढ़ उड़ीसा खानों से संबुधित माननीय सर्वोच्च न्यायालय द्वारा रिट याचिका रां 2014 की 114, दिनांक 02 अगस्त 2017 के निर्णय के आधार पर क्षतिपूर्ति के गुभातान की मांग कर रहा है। इसके लिए कारण बताओ नोटिस जारी किए गए थे जिस पर कंपनी निरंतर इस तथ्य

निर्णय के आधार पर क्षांतपूर्ति क भुगतान का भाग कर रहा है। इसके लिए कारण बताओ गाटस कर पर का जार पर कमना निरंतर हको दोहरा रही है कि माननीय सवीच्च न्यायालय का निर्णय करीबगढ़ राज्य पर लागू नहीं होता है। जिला कलेक्टर, दक्षिण की है।

माननीय उच्च न्यायालय, बिलारापुर ने रिट याचिका पर 19-02-2020 को सुनवायी की तथा प्रतिवादी से कुछ स्पष्टीकरण मांगे और निर्देश दिया कि .....................................

रु 1623.44 करोड की मांग राशि को "आकरिमक देयताओं" के अधीन रखा गया है।

स्थानः हैदराबाद दिनांक: 27 अगस्त, 2020

खान व्यूरो में अंतिम बैठक 04.03.2020 को हुई जिसमें राज्य सरकार ने 24.03.2020 तक स्थगन का अनुरोध किया कोविड—19 की परिस्थिति केकारण आगे कोई सुनवायी नहीं हो पायी है ।कंपनी शीघ्र सुनवायी के लिए माननीय खान ट्रिब्यूनल को आवे

(vi) कर्नाटक सरकार ने एनएमडीसी की दोणिमले लौह अयस्क खान के पट्टे का नवीकरण करते समय एक नई शर्त लगा दी और औसत बिक्री मूल्य पर 80% का प्रीमियम भुगतान करने को कहा । चूंकि राज्य सरकार की गांग एमएमडीआर अधिनियम 2015 तथा खनिज (सरकारी कंपनी द्वारा खनन)

80% का प्राामसम गुगतान करने का कहा । चूकि राज्य संरकार का मांग एनएमडाजार जाधानगंन 2015 तथा खानज (तरकारा कंपना घारा खनना)|नेथम 2015 के अनुरूप नहीं है, कंपनी ने सरकार को अपने निर्णय पर विवार करने हेतु अनुरोध किया।|राज्य ' राज्य सरकार से दोणिमलै खान के पड़े के निष्पादन का अनुरोध किया है ।

कर्नाटक सरकार दिनांक 17-8-2019 को एक आदेश जारी किया जिसमें दोणिमलै खनन पड़े के विस्तार का अनुमोदन वापरा लेते हुए निदेशक क गाटक संस्कार निर्माण 17-8-2019 को एक आपसे जाए। कहा ,जिसमे पाणित जागर पड़े के पापरार पर जनुमार ने अपने संस्कृबीएमंजी को ब्लॉक की नीलागी के निर्देश दिए गए। इस संबंध में कंपनी ने माननीय खान ट्रिब्यूनल, भारत रारकार को एक प

त स्वत्यान के आपरा का एन जगता चुगपार पक किया गा कारपार गर रूट भवन किया । गानदा मानना बान दिन्दूनत के पांच लागतमैं संशोधन किया में आरकारी कंपनियों को आबंटित खनन पट्टों के नवीनीकरण के संबंध में खनिज (सरकारी कंपनी द्वारा खन अवधि तक के लिए बढाएगी।"

यद्यपि कंपनी पट्टे के विस्तार के लिए राज्य सरकार के साथ नियमित रूप से पत्राचार कर रही है, राज्य सरकार से उतर अभी तक प्रतीक्षित है।

(vii) 30 जून 2020 को रामाप्त वर्तमान अवधि के लिए अन्य व्यय में " प्रधान मंत्री शिटिजेन अशिरटेंश एंड रिलीफ इन इंगेजेंशी शिवुएशन फंड' (पी एग" केयरों फंड) के प्रति रु 150 करोड शामिल किए गए हैं |-

(viii)जून 2020 को समाप्त वर्तमान तिमाही के दौरान कंपनी के प्रचालन पर कोविड–19 का प्रभाव पडा। लौह अयस्क के उत्पादन में लगभग 18.23 लाख ुरा 2020 अने रागीच परामा मानावरी के बारा में से अपने कार्य से समय कर पर ही है। अपने समय कर पर समय कर पूर्व लाभ में 317दम तथा बिक्री में लगभग 23.94 करोड़ टन की हानि हुई। इसके परिणामरवरूप बिक्री राजस्व में लगभग 737 करोड़ त

र पर्युक्त सेनी (सूचीकरण एवं अन्य अर्कटीकरण अपेक्षाएं) विनियम 2015 के नियम 33 के अधीन स्टॉक एसर्सचेज में दायर किए गए तिमाही वित्तीयपरिणामों के विश्तृत फॉर्मेट का सार है। तिमाही वित्तीय परिणामों का पूर्ण फॉर्मेट स्टॉक एक् $(ix)$

कृते एनएमडीसी लिमिटेड हरता/-्(अमिताभ मुखर्जी)(वित्त) कोदेशक (वित्त)Din No.: 08265207