National Mineral Development Corporation (NMDC) has announced a record iron ore output of 53 million tonnes (MT) in FY26, marking the first time an Indian company has crossed the 50 MT threshold.
The state-run firm’s total sales during the year stood at 50.23 MT, up 13% year-on-year, while production rose 21%. This milestone underscores NMDC’s pivotal role in India’s iron ore sector.
The achievement reflects enhanced operational efficiencies and strategic investments in expanding production capacity. The increased output and sales figures indicate a robust demand for iron ore, driven by growth in the domestic steel industry.
NMDC’s performance is significant as it contributes to reducing India’s reliance on iron ore imports and supports the government’s ‘Make in India’ initiative. The company’s success is likely to attract further investment in the mining sector, potentially leading to increased competition and innovation.
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