NMDC Iron Ore Production Reaches 50 MT in FY26

New Delhi, Mar 14 (PTI) NMDC on Saturday said it has become the first mining company in the country to produce 50 million tonne (MT) iron ore in a single financial year.

As India advances towards its target of expanding steelmaking capacity to 300 million tonne by 2030, ensuring a stable and reliable domestic supply of iron ore has become a strategic priority, NMDC CMD Amitava Mukherjee said.

Iron ore is a key steelmaking raw material.


"NMDC has scripted history by becoming the first mining company in the country to produce 50 million tonnes (MT) of iron ore in a single financial year, ahead of the close of FY 2025-26," a company statement said.

NMDC will continue to support 300 MT vision with iron ore from its mines in Karnataka and Chhattisgarh region.

Established in 1958 to develop India's iron ore resources, NMDC produced around 10 MT in 1978. From 30 MT in 2015, the production has increased by nearly two-thirds to reach 50 MT.