The state-run firm signed a memorandum of undertaking (MoU) with ISRO's National Remote Sensing Centre (NSRC), opening up possibilities for NMDC to utilise the space research agency's technology for mineral exploration and a host of other related ventures.
NMDC will establish a Remote Sensing and GIS Laboratory at its head office in Hyderabad to interpret satellite data that will help identify and limit mineral potential areas to a smaller zone thereby negating the need for wide physical exploration.
"Signing of the MoU is a step forward towards fulfilling the nation's dream of a Digital India as space technology provides real-time data for generation of digital maps," he added.
Besides, under NRSC's expert guidance NMDC will be able to assess the impact of its mining on the environment to ensure sustainable mining by taking preemptive steps for better environment management.
The MoU was the outcome of the government's digitisation process that, amongst others, seeks to fully utilise India's mining resources since geological mapping is the ideal tool for assessing the mineral potential of inaccessible areas.