India’s biggest iron ore miner NMDC has reportedly revised its production targets and deadlines to 75 million tonnes by 2018-19 and 100 million tonnes by 2022. Having added just about five million tonnes of new production in the last five years to reach the current capacity of 34 million tonnes, the PSU under the Ministry of Steel indeed faces a daunting task. It will have to go all out to open up new mines to meet the target.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.