Mar 21: Mining major NMDC became the first company in the country to cross 40 million tonnes (MT) iron ore production in a year.
In the late 1960s at beginning from a production of 4 MTPA to 40 million tonnes now, the growth trajectory of
the largest iron ore producer of the country has been exceptional. NMDC crossed 10 million tonnes in 1977-78, added another ten million by 2004-05, crossed 30 million tonnes within a decade and has now surpassed the 40 million mark.
In recent times, NMDC has adopted cutting-edge technology and built a transformational digital infrastructure to overcome Covid induced slowdowns and the cyclical volatilities in the sector. Keeping pace with the constant surge in the domestic iron ore demand, the company has been rolling out ambitious expansion plans and capex outlay in pursuit of enhanced production.
Congratulating the team on the historic achievement, Sumit Deb, Chairman and Managing Director, NMDC said, “NMDC’ s ground-breaking achievement of becoming the first iron ore mining company in India to cross 40 MT is an illustrious display of its ability to accept challenges despite all odds. The company’s perseverance and consistency has paid off and I congratulate the team for this historic accomplishment. I am confident that we will continue to cross many more milestones on our way to fulfil Nation’s vision of #AtmanirbharBharat. This achievement also shows that we are on the track to become a 100 MTPA company by 2030.”
It is pertinent to mention that the company has set a target of becoming a 100 MTPA company by 2030. The CPSE also plans to leverage their expertise in moving towards a multi-mineral outlook with coal, diamond, gold and other strategic minerals of national interest in their portfolio.
