India’s largest iron ore producer, NMDC Ltd, announced a 5.1% year-on-year (YoY) rise in its iron ore production for December 2024, reaching 4.71 million tonnes (MT), up from 4.48 MT in the same month last year. However, sales of iron ore saw a decline of 6.7% YoY, falling to 3.91 MT in December 2024, compared to 4.19 MT in December 2023.
In a separate development, NMDC recorded an 18.1% YoY increase in net profit for the second quarter of FY24, amounting to ₹1,211.6 crore, up from ₹1,026 crore in the same quarter of the previous year. Revenue from operations also rose by 22.5%, reaching ₹4,919 crore compared to ₹4,014 crore in Q2 of FY23. Operating EBITDA grew by 16.4% to ₹1,385.7 crore, from ₹1,191 crore in the same quarter last year, though the EBITDA margin slightly dropped to 28.2% from 29.7% in Q2 FY24.
These figures reflect NMDC’s ability to adapt to changing market dynamics while maintaining profitability and operational excellence. As the company continues to expand its footprint, it remains a cornerstone of India’s mining sector and a driver of economic development.
NMDC Limited, India’s largest iron ore producer, plays a pivotal role in meeting the country’s raw material requirements for steel production. Established in 1958, the company operates some of the most mechanized iron ore mines in the world, located primarily in Chhattisgarh and Karnataka.
Known for its consistent performance, NMDC has contributed significantly to India’s industrial growth. The company is also exploring diversification opportunities into steel production and other minerals, further solidifying its position as a key player in the mining and metals sector. With a strong focus on sustainable mining practices, NMDC ensures environmental stewardship while maintaining high operational efficiency.
