State-owned mining giant NMDC Limited has set an ambitious target to produce 55.4 million tonnes (MT) of iron ore in the fiscal year 2025-26, aiming to bolster India’s expanding steel industry. This announcement follows a record-breaking performance in April 2025, where the company reported a 15 per cent year-on-year increase in iron ore production, totaling 4 MT, up from 3.48 MT in April 2024.Â
NMDC’s Chairman and Managing Director, Amitava Mukherjee, highlighted the company’s robust performance, stating, “Our record-breaking April performance, coupled with best-ever dispatch figures from our major iron ore mines—Kirandul, Bacheli, and Donimalai—solidifies our leadership position and sets a strong foundation for achieving our ambitious target of becoming a 100 MT mining company by 2030.”
The company’s strategic investments have played a pivotal role in this growth trajectory. In FY2025, NMDC registered a record standalone capital expenditure of ₹3,707 crore, focusing on infrastructure development to support increased production capacities.Â
NMDC Steel Limited (NSL), a demerged entity from NMDC, also reported a strong performance. NSL’s 3-million tonne Nagarnar Steel Plant in Chhattisgarh, established at a cost of ₹24,000 crore, achieved an 8.5 per cent month-on-month growth in hot metal production, producing 2,30,111 tonnes in April compared to 2,11,978 tonnes in March.Â
As India aims to increase its steel-making capacity to 300 million tonnes by FY2031, NMDC’s targeted production aligns with national objectives to meet the growing domestic demand and reduce reliance on imports. The company’s continued focus on enhancing production capabilities and infrastructure development positions it as a key player in supporting India’s industrial growth.
