Indian miner NMDC's China exports hindered by logistics

29 Sep 2023 CW Team

India's National Mineral Development Corporation (NMDC) is currently grappling with logistical obstacles that are impeding its ability to export low-grade iron ore to China, a key market for the country's iron ore exports, according to a source familiar with the situation who spoke to Reuters.

As of now, NMDC has not responded to a request for comment made by Reuters regarding the issue. The source, who opted to remain anonymous given the confidential nature of the matter, revealed that a critical shortage of railway rakes for transporting the ore within India is significantly impacting the export process.

China is a vital customer, accounting for approximately 80% of India's total iron ore shipments. Low-grade iron ore produced in India is primarily directed towards international markets since the majority of domestic steel producers in India prefer high-grade iron ores.

In a separate development, NMDC is reportedly progressing towards obtaining forest clearances for diamond mining activities in the central Indian state of Madhya Pradesh, as disclosed by the same source. The diamond mine is known to yield approximately 10 carats of diamonds for every 100 tonnes of Kimberlite processed, according to information available on the company's website.

These developments reflect NMDC's efforts to navigate challenges and expand its mineral exploration and export ventures on multiple fronts.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..