nmdc

This Iron Ore Company Delivers the Goods

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Record production, record sales volumes, coal mining commenced, capacity heading to 100 mtpa by FY31  India’s largest iron ore producer does not often generate excitement. NMDC is a PSU miner — methodical, capital-intensive and slow-moving by the standards of the broader market. But the fourth quarter of FY26 was, by the company’s own historical standards, … Read more

NMDC Faces Challenges as Margins Dip

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India’s state-owned iron ore miner is digging itself into a profitability hole. Higher output can’t compensate for soaring costs and weak pricing power. NMDC is learning a that in commodities, volume isn’t everything. India’s largest iron ore producer posted impressive production numbers in the December quarter—14.7 million tonnes, up 44% sequentially—yet investors have little to … Read more