NDMC records a production hike of 23% YoY to 42.15 mt in FY22

06 Apr 2022 CW Team

India's largest iron ore producer, National Mineral Development Corporation Limited (NMDC), announced that its production increased by 23% year-on-year (YoY) to reach 42.15 million tonnes (mt) in the last FY22.

The company's sales rose by 22% to 40.70 mt during FY21-22. NMDC is a Central Public Sector Enterprise (CPSE) under the Ministry of Steel.

During the fourth quarter (Q4) of FY22, the company's production capacity increased by 12% to 13.84 mt, while the company sales grew to 12.34 mt, with a YoY increase of 12%.

NMDC had reported iron ore production of 4.98 mt and sales of 4.21 mt for March 2022. Its production increased by 9%, while sales rose by 3% YoY in March. It is the highest production and sales numbers for the company in March.

Chairman and Managing Director of NMDC, Sumit Deb, said that the company had achieved a record-breaking physical performance for FY22 on the back of a propelling expansion and investment strategy. The company's digitalisation drive will contribute to our improved performance and share the benefits with the stakeholders.

He said that the central government is seeking to ramp up the domestic per capita steel consumption in India. NMDC will take up an enhanced role to strengthen raw material supply and give impetus to self-reliance in the mineral sector, contributing towards Atma Nirbhar Bharat.

Image Source

Real Estate

08 Oct 2025

Delhi Plans Rs 20 Billion Twin-Tower Secretariat At ITO

The Public Works Department (PWD) has proposed an ambitious plan to construct a twin-tower secretariat complex at ITO in central Delhi, bringing together all scattered government offices under a single roof. The project, estimated to cost over Rs 20 billion, aims to create a modern governance hub that will reshape the city’s skyline.According to officials familiar with the plan, the proposal is awaiting approval from the PWD minister before being presented to the Delhi cabinet. If sanctioned, the new complex will replace Vikas Minar and an adjoining office block that currently houses the Del..

UP E-Auction Raises Rs 11.68 Billion, Sets Real Estate Record

The Uttar Pradesh Housing and Development Board (UPHDB) has achieved a landmark milestone by raising Rs 11.68 billion through the sale of 992 properties in a mega e-auction held on Vijayadashami. Conducted under the leadership of Chief Minister Yogi Adityanath, the fully digital auction marked one of the largest real estate events in the state’s history, reinforcing investor confidence and transparency in governance.Held on 30 September 2025, the e-auction covered seven districts — including Lucknow, Kanpur, Agra, Aligarh, Moradabad, Ghaziabad, and Kasganj. The properties included 391 resi..

Redevelopment Of Kamathipura Moves Ahead With Two Bids

The long-delayed redevelopment of Kamathipura, one of South Mumbai’s oldest and most congested neighbourhoods, has finally progressed, with the Mumbai Building Repairs and Reconstruction Board (MBRRB) of MHADA receiving two bids for the project.The bids, submitted by J Kumar Infraprojects Limited and AATK Construction, pave the way for technical evaluation and the next stage of the process. According to officials, the financial bids will be opened shortly, after which the proposals will be forwarded to the Maharashtra state government for final approval.In parallel, MBRRB has initiated a bio..