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NMDC Targets 60 MT Iron Ore Production This Fiscal, Eyes 100 MT by 2030-31
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News18•20-09-2026, 10:45
NMDC Targets 60 MT Iron Ore Production This Fiscal, Eyes 100 MT by 2030-31
- •NMDC aims to achieve 60 MT iron ore production this fiscal year to meet the rising demand from domestic steelmakers.
- •The company plans to scale its output to 100 MT by 2030-31, aligning with the National Steel Policy 2017.
- •Production ramp-up includes leveraging existing mines and NMDC-CMDC Limited (NCL) joint venture assets, representing a 20% year-on-year increase.
- •NMDC is developing mine infrastructure and has invited bids for enhancing existing mine capacities with new systems.
- •The company also plans to diversify, with commercial production of thermal coal starting in Q4 2023 and a coking coal mine development by FY27.
Key Questions Answered
NMDC is working on strategies to hit the 60 MT iron ore production mark this fiscal year, aiming for a year-on-year rise of around 20 percent.
Aligned with the National Steel Policy 2017 target of 300 MT of domestic steelmaking capacity by 2030-31, NMDC aims to scale its iron ore output to 100 MT.
NMDC plans to start commercial production of thermal coal in the October-December period with a goal to sell 1 MT in FY27, develop a coking coal mine to begin production by FY28, and earn 20 percent of revenues from non-iron minerals by 2030.
