State-owned NMDC Ltd., India’s largest iron ore producer, is aiming to surpass ₹30,000 crore in revenue in FY26, driven by higher sales and expansion plans.
🔴 Key Highlights:
- NMDC reported ₹23,668 crore revenue in FY25, marking an 11% increase from FY24.
- The company plans to sell 55 million tonnes of iron ore this fiscal, up from 45 million tonnes last year.
- NMDC is actively acquiring coking coal assets in India, Australia, and Indonesia to reduce imports.
📢 Chairperson Mukherjee’s Statement:
- “We should be able to log our top line of around ₹30,000 crore this year,” Mukherjee said.
- NMDC’s April production hit a record high, reinforcing its aggressive expansion strategy.
- The company is investing ₹4,000 crore in domestic capacity building, excluding overseas acquisitions.
⚠️ Industry Outlook:
With India’s steel demand rising, NMDC’s 100 MT expansion plan by 2030 is expected to strengthen its market position.
👉 Do you think NMDC will achieve its revenue target? Let us know in the comments!
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