NMDC’s iron ore production hits record 40 mt in FY22

12 Apr 2022 CW Team

National Mineral Development Corporation (NMDC) announced that it reached a record of producing 40 million tonnes (mt) of iron ore in this fiscal year (FY) so far.

In the last financial year, the company had produced 35 mt of iron ore.

NMDC makes history becoming the first company in the country to cross 40 mt iron ore production in a financial year, the Ministry of Steel told the media.

According to a company's official, by the FY2022 end, the production will reach a level of 42 mt.

The Ministry of Steel told the media that NMDC has also set a goal of evolving as a 100 mt per annum company by 2030.

NMDC Chairman and Managing Director Sumit Deb congratulated the NMDC team for this achievement and said that they would continue to overcome several milestones and fulfil the Atmanirbhar Bharat vision of the country.

The Central Public Sector Enterprises (CPSE) also aims to leverage their expertise in moving towards a multi-mineral outlook with diamond, coal, gold, and other strategic minerals of national interest in their portfolio.

NMDC Limited is a government-owned mineral manufacturer. It is under the Ministry of Steel, Government of India (GoI) and is working in the exploration of iron ore, copper, limestone, etc. The firm is based in Hyderabad, Telangana and is the largest iron-ore company in India.

Image Source

Also read: NDMC increases iron ore prices by Rs 400 per tonne

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..