Iron Ore and Limestone Production Surge in FY24
ECONOMY & POLICY

Iron Ore and Limestone Production Surge in FY24

India's iron ore production reached 275 million metric tons (MMT) and limestone production hit 450 MMT in FY24, showcasing a robust performance in the mining sector. This significant output reflects the country?s ongoing efforts to strengthen its mineral production capabilities and meet the growing demands of various industries.

The iron ore sector, buoyed by high demand from the steel industry, saw substantial growth. This surge in production aligns with the government's push to boost domestic steel manufacturing and reduce dependence on imports. The increased output is expected to support infrastructure projects and contribute to the overall economic development.

Limestone production also saw a remarkable increase, driven by its essential role in the cement industry. The higher limestone output is anticipated to meet the rising demand for cement, crucial for construction and real estate sectors experiencing a boom. This growth in production underscores India's capability to cater to its infrastructural needs internally.

Industry experts attribute this production boost to improved mining practices, technological advancements, and supportive government policies aimed at enhancing the mining sector's efficiency. They also highlight the importance of sustainable mining practices to ensure long-term resource availability.

The significant production figures in both iron ore and limestone indicate a positive trajectory for India's mining industry. This trend is expected to continue, bolstered by ongoing investments and reforms in the sector. The robust output not only fulfils domestic needs but also positions India as a key player in the global mineral market. The continued focus on mining efficiency and sustainability will be crucial in maintaining this growth momentum.

India's iron ore production reached 275 million metric tons (MMT) and limestone production hit 450 MMT in FY24, showcasing a robust performance in the mining sector. This significant output reflects the country?s ongoing efforts to strengthen its mineral production capabilities and meet the growing demands of various industries. The iron ore sector, buoyed by high demand from the steel industry, saw substantial growth. This surge in production aligns with the government's push to boost domestic steel manufacturing and reduce dependence on imports. The increased output is expected to support infrastructure projects and contribute to the overall economic development. Limestone production also saw a remarkable increase, driven by its essential role in the cement industry. The higher limestone output is anticipated to meet the rising demand for cement, crucial for construction and real estate sectors experiencing a boom. This growth in production underscores India's capability to cater to its infrastructural needs internally. Industry experts attribute this production boost to improved mining practices, technological advancements, and supportive government policies aimed at enhancing the mining sector's efficiency. They also highlight the importance of sustainable mining practices to ensure long-term resource availability. The significant production figures in both iron ore and limestone indicate a positive trajectory for India's mining industry. This trend is expected to continue, bolstered by ongoing investments and reforms in the sector. The robust output not only fulfils domestic needs but also positions India as a key player in the global mineral market. The continued focus on mining efficiency and sustainability will be crucial in maintaining this growth momentum.

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?