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

Infrastructure Transport

29 Oct 2025

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..