India's NMDC plans $5.22 billion investment over three years to double iron ore output
2026-06-08 11:37:25 [Print]
Indian government-run miner NMDC Limited has finalized plans to invest an estimated $5.22 billion over the next three years, aiming to nearly double its iron ore production capacity, expand into coal mining, and acquire critical mineral assets overseas, the company's managing director Amitava Mukherjee said in a statement on Friday, June 5.
"The investments would primarily be directed toward increasing iron ore production to 100 million metric tons per year, up from around 52 million metric tons produced in 2025-26," he said.
Mukherjee added that in the current fiscal year, approximately $626 million in investment would be completed, with that figure rising to $1.04 billion in each of the subsequent fiscal years.
"The investments would primarily be directed toward increasing iron ore production to 100 million metric tons per year, up from around 52 million metric tons produced in 2025-26," he said.
Mukherjee added that in the current fiscal year, approximately $626 million in investment would be completed, with that figure rising to $1.04 billion in each of the subsequent fiscal years.
