NMDC Produces Record 40 Million Tonnes Iron Ore This Year, Says Ministry Of Steel
State-owned (National Mineral Development Corporation) NMDC on Saturday announced that it had touched a record iron ore production of 40 million tonnes (MT) in this fiscal so far.
In the preceding fiscal, the company had produced 35 MT of iron ore.
"NMDC creates history becoming the first company in the country to cross 40 million tonnes (MT) iron ore production in a (financial) year," the Ministry of Steel said in a statement.
By the end of the ongoing financial year, the production would reach 42 MT, a company official informed.
NMDC has set a target of becoming a 100 MTPA company by 2030, the ministry statement said.
"I congratulate the NMDC team for this historic accomplishment. I am confident that we will continue to cross many more milestones on our way to fulfil the nation's vision of 'AtmanirbharBharat'. This achievement also shows that we are on track to become a 100 MTPA company by 2030," NMDC CMD Sumit Deb said in the statement.
Hyderabad-based NMDC, under the Ministry of Steel, is the country's largest iron ore mining company.Â
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
