Steel minister asks NMDC to increase iron ore production

Image
Press Trust of India Hyderabad
Last Updated : Dec 09 2017 | 9:40 PM IST
: Union Steel Minister Chaudhary Birender Singh today advised state-run miner National Mineral Development Corporation (NMDC) to focus on increasing iron ore production.
"NMDC, being one of the largest miners in India, must focus on increasing iron ore production, this will have the twin benefit of keeping prices in check and ensuring equitable supply of raw material to big and small producers," Singh said, according to a release issued by NMDC.
He said that in order to achieve a production capacity of 67 million tonnes of iron ore by 2021-22, the NMDC needed a visible incremental increase in production in consecutive years.
He said that NMDC should focus on exploration of minerals not only in India but also overseas.
Singh today visited the head office of NMDC here and reviewed its performance.
Singh appreciated NMDCs performance and achievements and said that the inaugural function of the Diamond Jubilee Year has become a bench mark for all Public Sector Enterprises (PSEs), the release added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 09 2017 | 9:40 PM IST

Next Story