Nmdc

Steel Ministry asks SAIL, NMDC to explore overseas mineral assets

The Steel Ministry has asked its undertakings, SAIL and NMDC, to explore mineral assets abroad to help secure long-term raw material requirements and support input costs, an official said. Steel Authority of India Ltd (SAIL) is India's largest public sector steel-making entity, and NMDC is the country's leading iron ore player. On a query on whether steel PSUs, especially SAIL and NMDC, have been asked to look for mining assets abroad, the senior ministry official replied in the affirmative. The move will help secure future requirements and reduce cost, the official said without sharing further details. Iron ore and coking coal are two basic raw materials needed to produce steel, besides limestone and pulverised coal injection (PCI Coal), among others. While iron ore is available in abundance in the country, Indian steel makers, including SAIL, remain heavily dependent on imports for 85-90 per cent of their coking coal requirements from countries such as Australia and Mozambique.

NMDC commissions ₹5,427 cr integrated iron ore project in Chhattisgarh

NMDC's new project includes a new iron ore processing plant at Bacheli, a 15 million tonne per annum (MTPA) slurry pipeline and a 2 MTPA pellet plant at Nagarnar.

NMDC commissions ₹5,427 cr iron ore processing project in Chhattisgarh

The integrated project includes an iron ore processing plant at Bacheli, a 135-km slurry pipeline and a 2 MTPA pellet plant at Nagarnar in Chhattisgarh

NMDC looks to hit 60 MT iron ore production mark this fiscal: Chairman

NMDC is working on strategies to achieve the 60 MT iron ore production mark this fiscal to meet growing demand from domestic steelmakers for the key raw material, its Chairman Amitava Mukherjee said. 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. "Having crossed the 50 MT milestone in FY2026. NMDC is now aggressively executing a production ramp-up plan to reach 60 MTPA from existing iron ore mines, complemented by NMDC-CMDC Limited (NCL) joint venture assets this fiscal, which would be a rise of around 20 per cent year-on-year," the top company official said in an interaction. Mukherjee shared that the company has already applied for environmental clearances (ECs) for some deposits with the Union Ministry of Environment, Forest and Climate Change. On a question related to the 100 MT production goal, Mukherjee sai

Volume gains, diversification into coal and minerals to drive NMDC growth

NMDC targets 60 MT of iron ore production in FY27 and plans to start commercial thermal coal output as it diversifies into coal, critical minerals and rare earth elements

Stocks to watch: LIC, ICICI Bank, SBI, Dixon, Chalet Hotels, TCS & more

Stocks to watch today: ICICI Bank, LIC, SBI, Dixon Tech, TCS, NMDC, JSW Steel, RVNL, Tata Motors, CG Power, BEML, among others, will be in focus today.

NMDC to start commercial coal production by Q3, eyes 1 MT sales in FY27

State-owned NMDC will start the commercial production of thermal coal by October-December period and looks to sell around 1 MT of the dry fuel within FY27, said Amitava Mukherjee, Chairman of India's largest iron ore mining player. Under the Ministry of Steel, Hyderabad-based NMDC alone caters to the country's 20 per cent need of iron ore -- a key raw material needed to produce steel. In an interview to PTI, Mukherjee said the company has drawn a road map up to 2030 to diversify its mining operations to support the government's vision of Viksit Bharat. "Right now, we are 99.9 per cent an iron ore company. We aim to help the growing industries in the country with maximum of their mineral needs," the chairman said, adding that this year the company will begin the commercial mining of thermal coal and targets to sell a maximum of 1 MT of the commodity to potential buyers. "We have reached the coal seam (of Tokisud North coal mine), and the production will start by next quarter," the .

NMDC's August iron ore production rises 21% to 4.07 million tonnes

Cumulative production rises 26 per cent to 23.23 MT in April-August; state-run miner says it is on track to produce more than 60 MT of iron ore in FY27

MMDR Bill tweak: NMDC flags ₹15,786 crore Karnataka tax exposure

NMDC's ₹15,786-crore contingent liability highlights the uncertainty around Karnataka's retrospective mineral tax and the potential impact of the amended mining law

Stocks to watch today: RIL, Amber Ent, ONGC, Ather Energy, NMDC, Voltas

Stocks to watch today: RIL, Amber Enterprises, ONGC, Ather Energy, NMDC, Voltas, Patanjali Foods, EaseMyTrip, Cochin Shipyard, Jindal Stainless, Brigade Enterprises, among others, will be in focus.

Stocks to watch: Honasa, LG Electronics, Physicswalla, NMDC, TMPV

Physicswallah, Bharat Dynamics, 3M India, Ashok Leyland and NMDC are among the companies announcing their Q1FY27 results today.

MMDR Bill can cut legacy mineral levy risks, boost mine economics: NMDC

NMDC says proposed restrictions on state-level mineral levies could provide greater fiscal certainty, reduce unexpected legacy claims and support long-term investment

NMDC scouts Argentina's copper belt as critical minerals push gathers pace

State-run miner explores partnerships across six Argentine provinces for copper, lithium and rare earths as it expands its overseas critical minerals strategy

Stocks to Watch, June 4: Titan, NBCC, IEX, TVS Motor, NMDC, BHEL, LTM

Stocks to Watch today, June 4, 2026: From Titan to NBCC, here is a list of shares that will remain in focus

NMDC plans up to ₹50K crore investment amid diversification push

Overseas acquisitions, rare earths and branded iron ore part of core strategy

NMDC's earnings growth in FY27 hinges on hitting volume target

Strong iron ore volumes and higher prices lifted NMDC's earnings, while expansion plans and coal mining projects underpin its FY27 growth outlook

NMDC shares rise 5% after Q4; Brokerages bullish but flag rich valuations

NMDC shares rose nearly 5 per cent on Tuesday after strong Q4 FY26 earnings. Brokerages remain positive on capacity expansion and diversification plans, though some caution on rich valuations.

Stocks to Watch today, June 1: IndiGo, NMDC, Gas shares, Eternal, RIL

Stocks to Watch today, June 1: From IndiGo to Eternal, here is a list of shares that will remain in focus today

Angel One picks 5 stocks under ₹100; NMDC, HCC among top bets | Investment Tips | Stock market

Among stocks that are traded below ₹100, Angel One recommends to buy NHPC, NMDC, HCC, South Indian Bank and Lloyd Engineering based on the analysis of present technical charts.

5 reasons why Goldman Sachs is bullish on Indian steel stocks

Goldman Sachs has initiated coverage of Indian metal (steel) stocks as itsees India as the next steel demand driver. It is bullish on Tata Steel, JSW Steel, Shyam Metalics among others