NMDC Aims to Double Iron-Ore Production in Five Years

16 Aug 2023 CW Team

The National Mineral Development Corporation (NMDC), India's largest producer of iron ore, has set a bold objective to more than double its current production from 40 million tonnes (MT) to 100 MT within the next five years, as stated by CMD (additional charge) Amitava Mukherjee. He emphasized the commitment to achieve in the upcoming half-decade what the company has accomplished over the span of the past six decades. This ambitious endeavor will not only entail boosting production but also ensuring the successful execution of significant projects already in the company's pipeline. These aspirations were shared during the 77th Independence Day celebrations held at the NMDC headquarters.

During the event, Mr. Mukherjee, joined by Zailabuddin, the senior-most employee at the head office, raised the national flag.

The ceremony was attended by several key figures, including Dilip Kumar Mohanty, director-production, Vishwanath Suresh, director-commercial, Vinay Kumar, director-technical, and B. Vishwanath, chief vigilance officer, as well as other senior officials and employees. The Independence Day celebrations were marked by enthusiastic fervor not only at the NMDC headquarters but also across all its project sites, as mentioned in a statement by NMDC.

The event also saw the honoring of winners from the large-scale chess competition organized by NMDC during the 'Har Ghar Tiranga' week, as well as winners from various games arranged for employees and associates.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..