The Mineral Exploration Corporation Limited (MECL) since its inception in the year 1972 is carrying out mineral exploration activities and is the premier exploration agency in the country. It carries out its exploration activities under Promotional programme funded by Govt. of India and contractual programme on behalf of other agencies including Public Sector & Private Sector and State Government(s) on mutually agreed terms and conditions. So far, it has added 144681 million tonnes of mineral reserves to National Mineral Inventory (upto 31st December, 2011).
The authorised share capital and paid up equity of the company are ` 125.00 crore and ` 119.55 crore, respectively. The equity is fully held by Govt. of India. Company’s registered office is at Nagpur (Maharashtra) and it manages the functioning of projects, the main production centres, through a two tier system from the Corporate Office at Nagpur. To facilitate the prompt maintenance of plants and machineries deployed at various projects, three Regional Maintenance Centres at Ranchi, Nagpur and Hyderabad are being operated. Technical guidance to the projects, finalisation of geological reports, close liaisoning with the clients and looking for new business opportunities is being carried out through the Zonal Offices located at Ranchi, Nagpur, and Hyderabad. The commercial activities of the Company are being looked after by Business Development and Planning Division at Nagpur. In addition, two Business Development units are in operation at New Delhi and Kolkata.