NMDC is planning to achieve 47 million tonnes of iron ore production during the current financial year (FY22) and also plans to spend Rs 3,720 crore on capital expenditure. The iron and steel industry will see exciting opportunities from rapid developments through digitalisation and automation, infrastructure initiatives, reorganisation of urban centres and energy transformation.
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.
