India’s state-owned miner NMDC Limited is targeting iron ore production of 55.40 million metric tons (mt) in fiscal year 2025–26, the company announced in a statement issued alongside its financial results for FY 2024–25 on Thursday, May 29.
If achieved, the figure would represent nearly 100% of NMDC’s production capacity as allowed under current environmental clearances, marking a significant step toward full utilization of its mining potential.
In FY 2024–25, NMDC produced 44 million mt of iron ore, reflecting a 2% year-on-year decline.
As part of its forward strategy, NMDC is targeting pellet production of 2.53 million mt in 2025–26, with a focus on higher-grade pellets containing 66–67% Fe content, aimed at boosting margins and profitability.
The company also revealed it is in talks with fellow state-owned enterprise KIOCL Limited for a conversion agreement to produce DRI-grade pellets, with a formal collaboration expected to be announced soon.
In terms of investment, NMDC has allocated INR 35 billion ($409 million) in capital expenditure for the year, with INR 22 billion ($257 million) earmarked for its core mining operations and the remainder directed toward its steelmaking subsidiary, NMDC Steel Limited (NSL).
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