+
NMDC to Invest Rs 7 Trillion in Capex
ECONOMY & POLICY

NMDC to Invest Rs 7 Trillion in Capex

State-owned miner NMDC is set to invest Rs 7 trillion over the next five years to ramp up its iron ore production capacity to 100 million tonnes (MT) by 2030. The investment will focus on production expansion, evacuation infrastructure, and digital transformation.

India’s largest iron ore producer mined 45.02 MT and sold 44.48 MT in FY24, spending Rs 206.6 billion on capital expenditure—the highest ever and 17% above its target. NMDC’s growth aligns with the National Steel Policy 2017, which aims to increase India’s domestic steel production capacity to 300 MT.

With mines in Chhattisgarh and Karnataka, NMDC supplies crucial raw material to India’s steel industry, including captive and market buyers. The company is calling on its partners to align with its ambitious expansion plan, ensuring financial readiness and timely execution.

State-owned miner NMDC is set to invest Rs 7 trillion over the next five years to ramp up its iron ore production capacity to 100 million tonnes (MT) by 2030. The investment will focus on production expansion, evacuation infrastructure, and digital transformation. India’s largest iron ore producer mined 45.02 MT and sold 44.48 MT in FY24, spending Rs 206.6 billion on capital expenditure—the highest ever and 17% above its target. NMDC’s growth aligns with the National Steel Policy 2017, which aims to increase India’s domestic steel production capacity to 300 MT. With mines in Chhattisgarh and Karnataka, NMDC supplies crucial raw material to India’s steel industry, including captive and market buyers. The company is calling on its partners to align with its ambitious expansion plan, ensuring financial readiness and timely execution.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?