NMDC Chairman Amitava Mukherji stated that the company is working on strategies to achieve the target iron ore production volume of 60 million tons in the current fiscal year. This is necessary to meet the growing demand from domestic steel producers for this key raw material.
NMDC, India's largest iron ore producer, aims to increase its production volume to 100 million tons during this period. This goal aligns with the National Steel Policy of 2017, which envisions achieving an established domestic steel capacity of 300 million tons by 2030-2031.
During the discussion, the senior company official noted that after surpassing the 50 million ton mark in the 2026 fiscal year, NMDC is actively implementing its production expansion plan. This plan aims to reach 60 million tons annually from existing mines and also includes assets of the NMDC-CMDC Limited joint venture (NCL) in the current fiscal year, which will ensure a growth of approximately 20 percent year-on-year.
Mukherji also shared information that the company has applied for Environmental Clearances (EC) for some deposits with the Union Ministry of Environment, Forest and Climate Change.
Responding to the question about the 100 million ton target, Mukherji assured that progress is going well and the company will definitely achieve this goal.
Furthermore, infrastructure construction is underway in some locations, while it is already operational at other deposits. Interested parties have been invited to develop infrastructure to enhance the capacities of existing mines, including the installation of conveyor belt systems, crushers, and feeders.
NMDC operates four large, highly mechanized iron ore mining complexes in India, located in the states of Chhattisgarh (Bailadila sector) and Karnataka (Dhomalai sector). Within the Ministry of Steel, only NMDC, based in Hyderabad, supplies 20 percent of the country's iron ore requirement.
In the 2026 fiscal year, NMDC reported a 33 percent increase in total revenue, reaching a record 31,554 crore rupees compared to 23,668 crore rupees in the 2025 fiscal year. The company is taking several steps to diversify its offerings, aiming to become India's largest mining company.
NMDC plans to commence commercial thermal coal mining between October and December and expects to sell about 1 million tons of dry fuel during the 2027 fiscal year. Additionally, the company will begin developing a coking coal mine in the 2027 fiscal year with the aim of starting production as early as the 2028 fiscal year. The chairman did not disclose further details on diversification plans but stated that by 2030, his goal is to ensure at least 20 percent of revenue comes from the sale of minerals other than iron ore.
