Indian Economy News

NMDC becomes first Indian company to cross 40 MT iron ore production in a year

  • IBEF
  • March 22, 2022

NMDC, the world's largest mining firm, announced on Monday that it has achieved the milestone of producing more than 40 million tonnes (MT) of iron ore in a year, making it the first Indian company to do so. “Starting from 4 million tonnes in 1969-70, NMDC crossed 10 million tonnes in 1977-78, added another ten million by 2004-05, crossed 30 million tonnes within a decade and has now breached the 40 million mark,” the company said in a statement.

NMDC has established a goal of becoming a 100 MTPA enterprise by 2030, according to the firm. The CPSE also intends to use its experience to transition to a multi-mineral approach, including coal, diamonds, gold, and other strategic minerals of national relevance

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