NMDC is reportedly targeting to ramp up its output by two-thirds in five years to 50 million tonnes a year. The company will boost production by launching new mining facilities and expansion of existing infrastructure.
Moreover, the company, which produced close to 30 million tonnes of iron ore in the year that ended in March, 2014, or close to a fifth of the country’s production, is aiming to mine about 32 million tonnes this year and reach its target by 2018/19.
At present, the company is enhancing output at its three existing mines in Chhattisgarh and Karnataka and is in the process of securing leases for mines in Jharkhand.
Further, the company has gained from curbs on illegal mining in Goa and Karnataka states, plus the closure in May of nearly half the mines in Odisha, the top producing state, ordered by the Supreme Court while leases dating back years were renewed.
