NMDC Aims To Surpass Rs 30,000-Crore Revenue In FY26, Says Chairperson Mukherjee
In FY25, NMDC reported revenue from operations of Rs 23,668 crore, an 11% increase from Rs 21,294 crore in FY24.
State-owned iron ore producer NMDC Ltd. projects its revenue to exceed Rs 30,000 crore in the current financial year.
Last year, production was impacted by a 45-day loss due to industrial issues. However, the government-owned mining company expects no such disruptions this year and aims to achieve the target on higher sales.
"Our guidance for this fiscal is around 55 million tonnes of iron ore sales," Chairperson Amitava Mukherjee said. "Going by that, I think we should be able to log our top line of around Rs 30,000 crore this year."
In FY25, NMDC reported revenue from operations of Rs 23,668 crore. This marked an 11% increase from Rs 21,294 crore in FY24.
Higher iron ore production and pellet sales are expected to drive growth this year. For enhanced pellet production, the company signed an agreement with KIOCL to support this expansion, according to the managing director.
Mukherjee also shared plans about NMDC's target of acquiring operational coking coal assets, both in India and abroad.
"We have a list of 10 assets we would like to acquire, even abroad. Coking coal is one of the main minerals. Today, we import around 65 million tonnes, and going forward, more than 160 million tonnes," the CMD said.
The country needs more coking coal, so NMDC is actively looking at assets in Australia, Indonesia and other parts of the world, he said, outlining the growing national demand for coking coal.
On the use of its Rs 4,000-crore capex in FY26, Mukherjee clarified that it will solely be meant for domestic capacity building and does not cover acquisitions abroad.
"That has to come through a completely separate budget," he said. We are looking at quite a few assets as we speak. They are at various stages of evaluation."
