NMDC's Iron Ore Output Grows to 40.49 Million Tonnes in April-February
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Synopsis
In February 2025, the government-owned NMDC reported a significant 17.85% uptick in iron ore production, reaching 4.62 million tonnes. The cumulative total for April-February rose to 40.49 million tonnes, indicating a slight annual increase.
Key Takeaways
- 17.85% increase in February production
- Cumulative output at 40.49 million tonnes
- Iron ore sales slightly down to 3.98 million tonnes
- Plans for 100 million tonnes capacity by 2030
- 29.04% rise in net profit for Q3
New Delhi, March 4 (NationPress) The government-owned mining giant NMDC has announced a 17.85 percent increase in iron ore production for February this year, reaching 4.62 million tonnes (MT), up from 3.92 MT in the same month last year.
The overall iron ore production from April to February has climbed to 40.49 MT, slightly higher than 40.24 MT produced during the same timeframe last year, according to the company's filing.
Despite the increase in production, NMDC's iron ore sales experienced a minor decline, coming in at 3.98 MT for the month, compared to 3.99 MT in February 2024.
Sales figures for February stood at 3.98 MT, a slight drop from 3.99 MT in February of the previous fiscal year.
Based in Hyderabad, NMDC is recognized as the largest iron ore mining corporation in India, supplying approximately 20 percent of the nation's demand for the essential steel-making raw material.
For the year ending February 2025, the company's cumulative production reached 40.49 MT, reflecting a modest increase of 0.62 percent compared to last year, while sales for the same period totaled 40.20 MT, showing a slight decrease of 0.69 percent.
As India's predominant iron ore producer, NMDC currently generates around 35 million tonnes of iron ore from three fully mechanized mines—two in Chhattisgarh and one in Karnataka. The Government of India holds a 60.79 percent stake in the company.
According to Amitava Mukherjee, Chairman and Managing Director (Additional Charge), "The 18 percent increase in production output signifies robust operational momentum, which is a result of an efficient mining ecosystem."
"We are preparing an expansion strategy for the upcoming financial year and are exploring new opportunities. We are optimistic that our initiatives will continue to foster self-reliance in India," he added.
He also noted that NMDC aims to establish a 100-million-tonne iron ore mining capacity by 2030.
"The company has unveiled an extensive capital expenditure plan to meet this target," the statement emphasized.
NMDC reported a 29.04 percent surge in its consolidated net profit, reaching Rs 1,896.99 crore in the October-December quarter of this financial year, compared to Rs 1,470.09 crore during the same quarter of 2023-24. Revenue from operations grew by 21.4 percent year-on-year to Rs 6,567.83 crore in Q3 of 2024-25.
