[SMM Iron & Steel] India NMDC Achieves Record Iron Ore Output in FY2026

Published: Apr 7, 2026 17:07

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State-owned NMDC Limited reported a record-breaking performance for the fiscal year ending March 2026, achieving its highest-ever annual output of 53.15 million tonnes, a 21% increase year-on-year. This surge was supported by a massive 51% production spike in March alone as the company pushed to meet national infrastructure targets. Despite the record domestic volume, the mismatch between local low-grade output and the high-grade requirements of advanced steel mills continues to drive India's increasing reliance on seaborne procurement for its premium feedstock.

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