NMDC’s iron ore output rose 12% in January, sales declined 2%
The Hindu
NMDC's iron ore production rises in January, setting stage for growth-oriented targets and renewable energy exploration.
NMDC’s iron ore production in January increased more than 12% at 5.10 million tonnes compared to 4.54 MT a year earlier while sales declined under 2% to 4.48 MT (4.56 MT).
For the 10 months ended January, production of the key raw material for steel stood at 35.87 MT (36.32 MT) and sales at 36.22 MT (36.49 MT), the company said.
The production and dispatch were highest ever for January since inception and reflect the right momentum to achieve the targets for FY25, CMD (additional charge) Amitava Mukherjee said in a release. NMDC had clocked a record 45.1 MT production last fiscal.
On Union Budget 2025-26, he said it is growth-oriented with a focus on public-private partnerships and sets the stage for the company to achieve its Vision 2030 of 100 MT production. The company is also exploring critical minerals like lithium and cobalt to fuel the renewable energy sector and green transition of the country. NMDC had recently announced contours of an ambitious ₹70,000 crore capital expenditure plan comprising expansion projects and infrastructural developments to be implemented over next five years.
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