New Delhi, April 2 India's largest iron ore producer and miner, NMDC, achieved a production of 53.15 million tonnes (MT) of iron ore in the fiscal year 2026, becoming the first company in India's mining history to surpass the 50 MT annual production mark, the government said on Thursday.
The company produced 5.35 MT and sold 5.90 MT of iron ore in March 2026, marking exceptional growth of 51 per cent and 40 per cent, respectively, over the previous year, according to an official statement.
The total production during the fiscal year grew by 21 per cent year-on-year, reaching 50.23 MT, with a 13 per cent increase, marking its best performance since inception.
This achievement symbolizes the growing strength of India's mineral sector, with NMDC continuing to contribute a significant share to the nation's iron ore supply, the Ministry of Steel stated.
The record output is driven by the robust performance of NMDC's major iron ore mines – Kirandul and Bacheli in Chhattisgarh and Donimalai in Karnataka, which achieved their best performance.
NMDC's international office in Dubai was inaugurated in fiscal year 2026, and the fiscal year also saw the successful commissioning of the first coal mine in Jharkhand and the commissioning of Deposit 4 at Bailadila in Chhattisgarh.
As India steadily moves towards its $5 trillion economy goal and strengthens its global leadership, demand and consumption of iron ore are expected to surge. NMDC is strategically augmenting its capacities to meet this rising demand and enable sustained economic growth.
"With this strong momentum, we have set a decisive pace for fiscal year 2027, and with our expansion plans supported by optimized resource development initiatives, we are confidently progressing towards our larger vision of powering Viksit Bharat," said Amitava Mukherjee, CMD of NMDC.
NMDC's high-grade iron ore continues to power the operations of some of India's leading steel producers, playing a critical role in enabling the nation's infrastructure development, manufacturing growth, and expanding steel demand.
The company has set a vision of achieving over 100 MT of iron ore production capacity by 2030 through new mining projects, capacity enhancements, and infrastructure development.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.