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Hyderabad , Sept. 16

MR B. RAMESH KUMAR, Chairman-cum-Managing Director, National Mineral Development Corporation Ltd (NMDC), was presented the Bharat Ratna Sir Mokshagundam Visvesvaraya Award instituted by the Government of Andhra Pradesh and the Institution of Engineers (India), Andhra Pradesh State Chapter

The award was given on the occasion of the 38th Engineers Day Celebrations in commemoration of the 145th birthday of Sir Mokshagundam Visvesvaraya at the Institution of Engineers (India), on Thursday.

After he took over as CMD in May 2004, the company has not only recorded the highest ever performance since inception, but also registered the highest ever quantum jumps in the areas of production, sales of iron ore and profit in the year 2004-05.

The profit before tax in 2004-05 was Rs 1,224 crore against Rs 616 crore in 2003-04, an increase of nearly 100 per cent, according to an NMDC press release.

Earlier, during his tenure as Director (Technical) he was instrumental for opening new mine - Bailadila 10/11A, Chhattisgarh, Installation of UPFO Plant in Visakhapatnam, DMS Plant and introduced New Product Development Division in R&D Centre, Hyderabad.

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