NMDC has been a key player in India’s mining sector. What are your growth strategies to meet the rising demand for minerals and iron ore, both domestically and internationally?
NMDC envisions itself as a torchbearer of India’s steelmaking and mining aspirations. Our strategic roadmap is in harmony with the country’s ambitions of minimising import dependency, building self-reliance, and emerging as a global leader in the mining industry.
As the primary supplier of iron ore in the country, which is a critical raw material for steel production, NMDC is poised to scale its production capacity to 100 million tonnes by 2030.
Our operational, commercial and technical growth strategies converge to the common goal of contributing around 20-25 per cent of India’s iron ore requirement by the end of this decade. Towards this goal, capacity expansion of our existing mines, development of the NMDC-CMDC joint venture deposits, and streamlining of the evacuation infrastructure are underway. We are also embracing cutting-edge mining technology and digital transformation to augment our productivity and efficiency.
While building a steady and reliable supply chain for the steel industry, NMDC has also drawn up an ambitious diversification and global expansion strategy. It has been devised to enrich our mineral portfolio and geographical footprint so as to fortify the future of our business and ensure mineral security for India.
As sustainability becomes more critical in the mining industry, how is NMDC incorporating environmentally responsible practices into its operations?
This story is from the October 19, 2024 edition of BW Businessworld.
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This story is from the October 19, 2024 edition of BW Businessworld.
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