This study examines the possibility of using poly(o-toluidine)/CdO (POT-CdO) nanoparticle composite coating for corrosion protection of mild steel in chloride environment. The POT-CdO nanoparticle composite coating was synthesized on mild steel from aqueous tartrate solution containing CdO-nanoparticles (size similar to 18 nm) by using cyclic voltammetry. These coatings were characterized by cyclic voltammetry, UV-Visible absorption spectroscopy, Fourier transform infrared spectroscopy, scanning electron microscopy, and X-ray diffraction measurements. The corrosion protection aspects of the resulting POT-CdO nanocomposite structure were investigated in aqueous 3% NaCl solution by potentiodynamic polarization technique and electrochemical impedance spectroscopy. The results of these investigations reveal that the POT-CdO nanoparticle composite acts as a protective coating on mild steel and reduces the corrosion rate of mild steel almost by factor of 70.