Economy
NMDC Targets 60 MT Iron Ore Production in FY26-27 Fiscal Year
The Hindu1h
THE BRIEF
1
State-owned NMDC aims to scale its iron ore production to 60 million tonnes this fiscal year, registering a 20 percent year-on-year rise to meet domestic steel demand.
2
Aligned with the National Steel Policy 2017 target of 300 million tonnes of domestic steelmaking capacity by 2030-31, NMDC ultimately plans to reach 100 million tonnes output.
3
The company reported a 33 percent revenue jump to an all-time high of 31,554 crore rupees in FY26 and plans to begin commercial thermal coal production this year.