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

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

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

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

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement