India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
India’s state-run mining giant, NMDC Limited, recorded an 18% year-on-year increase in iron ore production in February 2025, reinforcing its position as the country’s top iron ore producer. The company reported a total output of 4.5 million tonnes during the month, compared to 3.8 million tonnes in February 2024.
Despite global market fluctuations and domestic steel demand variations, NMDC has consistently ramped up its production. The growth is attributed to higher operational efficiency, improved mining infrastructure, and strategic planning. The company’s major production sites in Chhattisgarh and Karnataka played a crucial role in achieving this milestone.
India’s iron ore demand remains strong, driven by increasing steel production and infrastructure development projects. NMDC has been a key supplier for domestic steelmakers, ensuring a steady supply of high-quality ore. Additionally, exports have also contributed to the production boost.
NMDC is expected to sustain its growth momentum, with further expansions planned for FY 2025-26. The company is focusing on technology upgrades, sustainable mining practices, and capacity expansion to maintain its leadership in the iron ore sector.
Also Read : AMNS India targets 25% share in India's colour-coated steel market A China Problem is Hampering Rating Headroom of India's Steel Giants
China's commerce ministry said at a regular press conference that China and Europe had held many tec...
Business 04-Jul-2024
Tata Steel's NINL to invest ₹61,769 crore in Odisha plant expansion. Project to increase capacity f...
Business 26-May-2025
As more and larger vehicles are selling at an explosive rate, India's consumption of petrol has more...
Oil & Gas 10-Apr-2024
Power Grid Corp of India, a state-run energy transmission corporation, reported an increase in third...
Mid Corporate 08-Feb-2024
The government announced on Monday that the coal sector annually contributes over ₹70,000 cror...
Raw Material 27-Feb-2024
Power generated from low-emissions sources, such as wind, solar and nuclear, will be adequate to mee...
Europe 24-Jan-2024