India's NMDC FY2026 Iron Ore Production Increased 13.1% YoY

On April 1, Indian iron ore producer NMDC released its iron ore production and sales report for FY2025-2026 (calendar period: April 2025 to March 2026).

According to the report, during the fiscal year, NMDC's iron ore production reached 53.15 million mt, up 20.6% YoY (vs. 44.07 million mt in the previous fiscal year). Iron ore sales reached 50.23 million mt, up 13.1% YoY (vs. 44.40 million mt in the previous fiscal year). Among this, in March 2026, iron ore production reached 5.35 million mt and sales reached 5.9 million mt, significantly outperforming March 2025 (production: 3.55 million mt; sales: 4.21 million mt). This was mainly driven by the strong performance of its mining operations in Chhattisgarh and Karnataka. Specifically,

Chhattisgarh Mines:During FY2025-2026, the mines' cumulative iron ore production reached 37.52 million mt, up 25% YoY; cumulative iron ore sales reached 34.67 million mt, up 12.5% YoY.

Karnataka Mines:During FY2025-2026, the mines' cumulative iron ore production reached 15.63 million mt, up 11.2% YoY; cumulative iron ore sales reached 15.56 million mt, up 14.5% YoY.

Overall, the marked YoY growth in iron ore production and sales was mainly because NMDC continued to improve mine operating efficiency and optimize mining activities during the period, thereby ensuring stronger iron ore supply to meet demand in and outside China.