NMDC is planning to seek additional mine allotments from the government and may participate in auctions as it gears up to increase production more than 3-fold over the next 5 years to meet growing demand from steel manufacturers. The government has set NMDC an iron ore production target of 100 million tonne (MT) by 2020-21, up from 31 MT last year. Increasing production to meet the goal was the key item on the agenda of a two-day meeting of the company’s top brass that ended on May 18, 2015. The task for NMDC is all the more daunting because some of its prospective mines are located in areas prone to Maoist attacks.
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.
