India’s Mineral Output Grows in FY 2024-25

02 Jan 2025 CW Team

India’s mineral production has demonstrated significant growth during FY 2024-25 (April-November), with iron ore production rising by 3% to 182.6 million metric tonnes (MMT), compared to 177.2 MMT during the same period last year, according to provisional data. Iron ore continues to be a major contributor, accounting for 69% of the total MCDR (Mineral Conservation and Development Rules) mineral production by value.

Other key minerals also showed promising growth. Manganese ore production increased by 9.5%, reaching 2.3 MMT, while chromite production rose by 11.1%, touching 2.0 MMT. Bauxite output surged by 8.9%, with a production of 15.9 MMT during the same period.

In the non-ferrous sector, primary aluminium production saw a modest rise of 1.1%, reaching 27.91 lakh tonnes (LT). Refined copper production, on the other hand, experienced a 9.2% increase, growing from 3.16 LT to 3.45 LT. India maintains its position as the second-largest aluminium producer globally, ranks among the top 10 producers of refined copper, and is the fourth-largest iron ore producer.

This growth is largely driven by strong demand from key sectors such as steel, energy, construction, and automotive, highlighting India’s continued industrial progress and its crucial role in the global mineral market.

In another major development, Power Mech Projects secured a Rs 2.94 billion order from Adani Power for services at the 1,320 MW Korba Phase-II Thermal Power Project in Chhattisgarh. The order includes overhauling, erection, testing, commissioning, and manpower assistance for performance guarantee tests of steam generators at Units 3 and 4 of the project. Following the announcement, Power Mech’s shares saw a 4.19% rise, trading at Rs 2,675.45 on the Bombay Stock Exchange (BSE).

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