Business12h ago
NMDC looks to hit 60 MT iron ore production mark this fiscal: Chairman
AI EXECUTIVE SUMMARY
NMDC, India's largest iron ore producer, plans to raise its output to 60 MT this fiscal year and reach 100 MT by 2030-31. This move aligns with the National Steel Policy 2017, which aims for 300 MT of domestic steel capacity by 2030-31. The company's expansion could influence the domestic iron ore supply chain and steel industry.
WHY IT MATTERS
NMDC's production targets are key to meeting India's steel capacity goals and could impact the domestic iron ore market.
Aligned with the National Steel Policy 2017, which targets an installed domestic steelmaking capacity of 300 MT by 2030-31, NMDC, India's largest iron ore producer, aims to scale its output to 100 MT during the period
This story was originally reported by The Hindu — Business. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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