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.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: