NMDC Shares Rs 700 Bn Capex Plan with Vendors

30 Jan 2025 CW Team

Top brass of NMDC - Amitava Mukherjee, CMD (Additional Charge); Shri V Suresh, Director (Commercial); Shri Vinay Kumar, Director (Technical) and senior officers interacted with the network of contractors, consultants and vendors.

Setting the context for the meet, Amitava Mukherjee said, “This is not business as usual, 100 million tonnes by 2030 is a priority effort for NMDC and a once in a lifetime opportunity towards building a global mining powerhouse. We are looking at a capital expenditure of approximately Rs 700 billion.” He insisted that “our partners in progress should take this early head start, make financial arrangements, build up their resource base, deliver on timelines, and bring nothing but the best to NMDC.”

The NMDC team laid out in great detail the upcoming infrastructure and innovation projects of the company in three sessions focused on expansion, evacuation, digital intervention and implementation strategies during the meet, followed by interactions with the vendors.

Delivering the closing remarks, the Director (Technical) of NMDC, Shri Vinay Kumar said, “Our vendors have ensured consistent growth, making NMDC a formidable team! However, it must be told that the aspiration now is to achieve more in the next five years than what we have done in six decades. Collective effort for seamless execution is the only way to realise the goal of 100 million tonnes by 2030.”

NMDC’s target of 100 million tonnes by 2030 is inspired by the vision of the National Steel Policy to build raw material security and self-reliance in the iron and steel sector of India.

India’s largest iron ore miner hosted a Vendor Meet in Hyderabad to share the company’s 100 MTPA roadmap with vendors from across the country. NMDC presented its CAPEX plan of Rs 700 billion for the next five years towards augmenting production capacity, building evacuation infrastructure and transforming the digital ecosystem. The public sector company promised ease of doing business and in return solicited speed and quality of the highest order from the partners. Top brass of NMDC - Amitava Mukherjee, CMD (Additional Charge); Shri V Suresh, Director (Commercial); Shri Vinay Kumar, Director (Technical) and senior officers interacted with the network of contractors, consultants and vendors. Setting the context for the meet, Amitava Mukherjee said, “This is not business as usual, 100 million tonnes by 2030 is a priority effort for NMDC and a once in a lifetime opportunity towards building a global mining powerhouse. We are looking at a capital expenditure of approximately Rs 700 billion.” He insisted that “our partners in progress should take this early head start, make financial arrangements, build up their resource base, deliver on timelines, and bring nothing but the best to NMDC.” The NMDC team laid out in great detail the upcoming infrastructure and innovation projects of the company in three sessions focused on expansion, evacuation, digital intervention and implementation strategies during the meet, followed by interactions with the vendors. Delivering the closing remarks, the Director (Technical) of NMDC, Shri Vinay Kumar said, “Our vendors have ensured consistent growth, making NMDC a formidable team! However, it must be told that the aspiration now is to achieve more in the next five years than what we have done in six decades. Collective effort for seamless execution is the only way to realise the goal of 100 million tonnes by 2030.” NMDC’s target of 100 million tonnes by 2030 is inspired by the vision of the National Steel Policy to build raw material security and self-reliance in the iron and steel sector of India.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..