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NMDC to increase production capacity to 67 mtpa by FY22

01 Sep 2017 Evaluate

In a bid to cater to the steel industry’s growing appetite for iron ore, NMDC has decided to raise production capacity to 67 million tonnes per annum (mtpa) by 2021-22. In this regards, the company is looking to expand its footprint in India and abroad. The strategy focuses on growth largely through brownfield expansion of existing mines and improving evacuation along with it.

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.

Peers
Company Name CMP
Coal India 419.00
NMDC 80.69
Ashapura Minechem 518.35
Sandur Manganese 182.00
GMDC 553.15
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