NMDC Plans Major Investment to Boost Capacity
State-owned mining company NMDC has announced plans to invest ₹70,000 crore over the next five years to significantly increase its production capacity. The goal is to ramp up its annual output to 100 million tonnes (MT), according to CMD Amitava Mukherjee, who shared the news on Tuesday.
“This is not business as usual,” Mukherjee stated. “It is a priority effort and a once-in-a-lifetime opportunity to build a global mining powerhouse.” The announcement was made during a stakeholders’ meeting held in Hyderabad, where the company outlined its Vision 2030 roadmap and strategies for achieving this ambitious target.
During the meeting, NMDC engaged with vendors, contractors, and consultants from across the country to discuss its expansion plans. The company shared details about its strategies for growth, including plans for improving evacuation processes and adopting digital transformation technologies. NMDC emphasized the importance of collaboration, highlighting its commitment to ease of doing business while seeking speed and quality from its partners.
The company’s target of achieving 100 MTPA capacity by 2030 aligns with the goals of the National Steel Policy. This policy aims to ensure raw material security and promote self-reliance in India’s iron and steel sector, a vision that NMDC is striving to support through its efforts.
