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India produced 284 MT of iron ore in FY 2024-25, highest ever.
13% YoY growth driven by mining expansions and steady steel demand.
Odisha, Chhattisgarh, and Karnataka led the production surge.
India’s mining sector has achieved a major milestone, with iron ore production reaching an all-time high in the financial year 2024-25, driven by robust domestic steel demand and enhanced mining capacities.
As per provisional figures released by the Ministry of Mines, the country produced 284 million tonnes (MT) of iron ore during FY 2024-25, surpassing the previous record of 251 MT set in FY 2023-24. This represents a substantial 13% year-on-year growth.
Officials attributed the surge to increased mining activities in Odisha, Chhattisgarh, and Karnataka, favorable weather conditions, and proactive policy measures including faster environmental clearances and infrastructure improvements. The growth has provided much-needed relief to steelmakers, who have been dealing with raw material price fluctuations and global supply uncertainties.
Industry experts noted that higher production also supported consistent iron ore availability in the domestic market, curbing excessive reliance on imports and stabilizing prices. With India targeting 300 MT of iron ore output by FY 2025-26, the momentum is expected to continue.
The record-breaking performance underscores India’s growing role in the global iron ore landscape and strengthens its ambitions for steel self-reliance.
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