From The Economic Times · PTI · · 1m 30s
NMDC targets 60 MT iron ore this fiscal year
India's largest iron ore producer is ramping up production to meet domestic steel demand and diversify into coal.
In brief
India's largest iron ore producer is ramping up production to meet domestic steel demand and diversify into coal. NMDC is scaling iron ore output by 20% this year and entering thermal and coking coal production to become India's largest mineral mining company. Originally reported by The Economic Times.
NMDC targets 60 MT this fiscal
India's largest iron ore producer aims to hit 60 million tonnes this year, up 20% from last fiscal, to feed growing demand from domestic steelmakers.
“We are on track, and will definitely achieve it”
Aligned with 2030 steel goals
The push supports India's National Steel Policy 2017, which targets 300 MT of domestic steelmaking capacity by 2030-31. NMDC plans to reach 100 MT production by then.
Building mine infrastructure now
NMDC is constructing mine-related infrastructure and has invited bids for belt conveying systems, crushers, and breakers. Environmental clearances are being sought from the Ministry of Environment.
Revenue surges 33% in FY26
NMDC reported total revenues of Rs 31,554 crore in FY26, up 33% from Rs 23,668 crore in FY25, as it supplies 20% of India's iron ore needs.
Entering thermal coal this year
NMDC will begin commercial thermal coal production in October-December and aims to sell 1 MT within FY27. It will also start developing a coking coal mine to produce by FY28.
20% revenue from non-iron ore by 2030
NMDC aims to become India's largest mineral mining company by earning at least 20% of revenues from minerals other than iron ore by 2030.
What matters most
NMDC is scaling iron ore output by 20% this year and entering thermal and coking coal production to become India's largest mineral mining company.
