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.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..