NMDC looks to hit 60 MT iron ore production mark this fiscal: Chairman
NMDC, India's largest iron ore producer, is scaling its production to reach 60 million tonnes this fiscal year. The company aims to hit a 100 million tonne capacity by 2030-31 to support the growing domestic steel industry.
Why it matters
As a major supplier to India's steel sector, NMDC's production targets are critical for the country's infrastructure development and industrial growth goals.
NMDC is working on strategies to achieve the 60 MT iron ore production mark this fiscal to meet growing demand from domestic steelmakers for the key raw material, its Chairman Amitava Mukherjee said.
Aligned with the National Steel Policy 2017, which targets an installed domestic steelmaking capacity of 300 MT by 2030-31, NMDC, India's largest iron ore producer, aims to scale its output to 100 MT during the period.
"Having crossed the 50 MT milestone in FY2026. NMDC is now aggressively executing a production ramp-up plan to reach 60 MTPA from existing iron ore mines, complemented by NMDC-CMDC Limited (NCL) joint venture assets this fiscal, which would be a rise of around 20% year-on-year," the top company official said in an interaction.
Mr. Mukherjee shared that the company has already applied for environmental clearances (ECs) for some deposits with the Union Ministry of Environment, Forest and Climate Change.
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