NMDC

Adani Group, NMDC, and Vale have announced plans to jointly develop a large-scale iron ore hub at Gangavaram, signaling a major step in India’s strategic mineral infrastructure expansion. The initiative aims to enhance ore handling capacity, streamline exports, and strengthen supply-chain efficiency in the steel sector. Industry experts say the project will improve India’s competitiveness in global markets while boosting employment and regional development.

State-owned miner NMDC Ltd. reported a softer financial performance in the third quarter, with net profit falling to Rs. 1,747 crore amid challenging market conditions. The decline reflects pressure from lower iron ore realizations and higher operating costs, despite steady production levels. Analysts said the results highlight the cyclical nature of the metals and mining sector, where profitability is closely tied to commodity price movements and cost efficiency.

State-owned NMDC Ltd announced a 5 percent increase in consolidated net profit to Rs. 1,483.18 crore for the quarter ending March 31, 2025, propelled by higher revenues from iron ore and pellets. Total income for the quarter rose nearly 9 percent to Rs. 7,497.17 crore compared to the same period last fiscal. For the full year, NMDC’s net profit surged over 17 percent to Rs. 6,538.82 crore on the back of strong operational execution.

National Mineral Development Corporation (NMDC), India's largest iron ore producer, has reported significant growth in both production and sales for April. With a 15% increase in iron ore output and a 3% rise in sales, the state-owned entity continues to set benchmarks for the industry. NMDC's strong performance, driven by its major mines in Kirandul, Bacheli, and Donimalai, positions the company for ambitious expansion plans, including its goal to become a 100 million tonnes (MT) mining giant by 2030.