Budget 2025-26 to Propel Next Five-Year Growth Plan for NMDC
Team News Riveting
Hyderabad, February 3
State-owned NMDC Limited produced 5.10 million tonne (MT) and sold 4.48 MT of iron ore in January 2025.
This strong performance sets a positive outlook for the year ahead. As NMDC remains focused on achieving record volumes in the upcoming fiscal year, cumulative production and sales stood at 35.87 MT and 36.22 Mt respectively up to January 2025.
The production performance in January 2025 is up by 12.33 per cent over the corresponding period last year (CPLY), reaching 5.10 MT, which is the best ever January month production since inception. This great start of the year underscores NMDC’s commitment to meeting the rising mineral demand, furthering the nation’s industrial aspirations, and contributing to India’s journey toward self-reliance.
Commenting on the results, Amitava Mukherjee, CMD (Additional Charge) said, “NMDC’s production and dispatch performance are the highest ever in the month of January since inception, reflecting the right momentum towards meeting the targets of FY25.” On the budget announced on Saturday morning he said, “The growth-oriented Budget 2025-26, with its focus on public-private partnerships, sets the stage for NMDC to move ahead of the curve with a 100 MnT production capacity under company’s Vision 2030. As India’s largest iron ore producer with a one-sixth share in the domestic market, the emphasis on collaboration and reform measures will help boost domestic growth and serve as a timely catalyst for an Atmanirbhar Bharat”.
As the wheels of progress turn, NMDC’s journey continues, with every milestone marking a step closer to a prosperous future. Meanwhile the company is also exploring critical minerals like lithium and cobalt to fuel the renewable energy sectors and the green transition of India.
Additionally, the company recently held a stakeholders’ meeting and unveiled an ambitious capital expenditure (CAPEX) plan of approximately Rs 70,000 crore over the next five years. This investment is part of its roadmap and strategies to undertake new expansion plans and infrastructural developments.
