NMDC, India’s leading iron ore producer, has achieved its highest-ever November performance, marking a significant milestone in its operational journey. The company reported production of 4.51 million tonnes (MT) of iron ore in November 2024, a robust 18% increase compared to 3.83 MT during the same month last year. Sales also saw a noteworthy rise, reaching 4 MT, up 5.5% from 3.79 MT in November 2023.
Shri Amitava Mukherjee, Director (Finance), NMDC, expressed pride in the achievement, stating, “Delivering record production and sales figures in November is a testament to our team’s unwavering dedication and strategic execution. NMDC remains committed to sustainable growth and creating value for all stakeholders as we pursue our ambitious goals.”
The record-breaking performance reflects NMDC’s meticulous planning, effective pricing strategies, and strong customer off-take. These factors, combined with the team’s relentless efforts, have driven the company’s operational success and reinforced its market leadership.
With an ambitious target of 50 million tonnes for the current fiscal year, NMDC is well-positioned to sustain its growth trajectory. As a Navratna PSU under the Ministry of Steel, the company plays a critical role in supporting India’s steel production needs and is a key driver of growth and sustainability in the mining sector.
National Mineral Development Corporation (NMDC) is India’s largest iron ore producer and a key player in the mining industry. Established in 1958, NMDC operates under the Ministry of Steel and is renowned for its extensive experience in mineral exploration and production.
The company is a major supplier of iron ore to domestic steel producers, with mining operations spread across states like Chhattisgarh and Karnataka. NMDC has diversified its portfolio to include other minerals such as diamonds and is also expanding into value-added products like steel through its integrated steel plant in Nagarnar.
Committed to sustainability, NMDC emphasizes eco-friendly practices, community development, and technological innovation in mining. With a strong vision for self-reliance and resource optimization, NMDC continues to play a critical role in supporting India’s infrastructure and industrial growth.
