Shri Somnath Nandi assumed charge as Director - Technical, NMDC

Shri Somnath Nandi assumed charge as Director (Technical) today of NMDC, the country's largest Iron Ore producing Navratna Company.

Shri Nandi will provide technical leadership and support to NMDC's technical teams as well as take up the challenges of NMDC's expansion and diversification plans. His experience in strategic management and technical expertise would enhance implementation of NMDC's growth plans.

Earlier he was serving as Executive Director, Steel Authority of India Ltd (SAIL). He has an experience of more than 36 years in the Steel Industry. After completing his graduation in Mechanical Engineering, he joined SAIL's Rourkela Steel Plant as Management Trainee in the year 1984. He worked in the areas of Coke Ovens, Field Machinery Maintenance, power and blowing station etc. He has rich experience at senior levels as General Manager and Executive Director and was closely involved with the intricacies of integrated steel plant operations at Durgapur Steel Plant and commissioning & stabilizing of IISCO Steel Plant. Prior to joining NMDC he was Executive Director, heading Environment Management Division and Growth Division at SAIL, Kolkata.

He is known for his contribution to the Steel Industry in the manufacturing, engineering, operations, planning and strategy and he is also a vivid speaker in various industry forums. Shri Nandi's rich experience and knowledge along with technical expertise would definitely help NMDC to scale new heights of technical excellence.

Shares of NMDC LTD. was last trading in BSE at Rs.115.5 as compared to the previous close of Rs. 115.55. The total number of shares traded during the day was 437499 in over 1753 trades.

The stock hit an intraday high of Rs. 116 and intraday low of 113.25. The net turnover during the day was Rs. 50181005.

Source : Equity Bulls

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