NMDC is eyeing to utilize 97 per cent of its production capacity to produce 35 million tonne (MT) of iron ore in this fiscal. The company has also an ambitious target of producing 100 MT by 2030, in a bid to ensure a continuous and smooth supply of the mineral for steel makers.
By the targeted year 2030, the government also aims to increase India's total steelmaking capacity to 300 MT. Iron ore is the main ingredient used for producing the metal besides coking coal.
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.
