NMDC eyeing 55 MT iron ore output in FY26: CMD

State-owned NMDC is eyeing a record 55 million tonne iron ore production in the current fiscal.

In 2024-25, the company’s output of the key raw material for steel stood at 44.04 MT, while in the previous fiscal it touched a record 45.2 MT. For the quarter ended June in FY26, the production was more than 30% higher year-on-year at 11.99 MT.

“We are firmly targeting 55 million tonnes in FY26, by reaching this milestone we can stay on course for our 100 million-tonne goal by 2030,” CMD Amitava Mukherjee told a gathering on the occasion of Independence Day celebrations at NMDC Corporate Office here on Friday.

August, for NMDC Steel, he said, was turning out to be a month of milestones with the company producing 11,205 tonne of hot metal in a single day; reporting ₹25.7 crore profit after tax for first-quarter ended June; and successfully rolling out of 1.2 mm thick hot rolled coil. “NSL has inherited this deep sense of responsibility to the people and the planet from NMDC,” he said about the demerged entity.

Mr.Mukherjee, who is the CMD of NSL, said “every tonne of ore we mine, every coil of steel we produce and every decision we take as an organisation carries the weight of national trust.”