NMDC's Ambitious Growth Plan: Doubling Capacity by 2030

NMDC is setting its sights on an ambitious target to double its iron ore production capacity by 2030, aiming to reach 100 million tonnes (MT) annually. The plan includes increasing output from current mines to 78 MT, producing 14 MT from its joint venture with CMDC, and generating eight MT from newly acquired mining leases in Odisha, Karnataka, Chhattisgarh, and Jharkhand.

The company is contemplating a substantial Rs 50,000 crore investment, with Rs 9,000 crore earmarked annually for expansion. Key initiatives include constructing a 12 MTPA screening plant, adopting a rapid wagon loading system (RWLS), and building new crushing plants at Deposit 14 and 11C. NMDC also seeks to boost production capacity at Kirandul to 30 MT by FY30 and increase capacity at Bacheli to 31 MT through new loading and screening facilities.

Plans also involve a projected 61 MT from Bailadila and awaiting permissions to enhance capacity in Karnataka's Donimalai to 17 MT. Additionally, NMDC aims to produce 21 MT from Deposit 13 and seven MT from Deposit 4 at the NCL mines. With current production at 50 MT, NMDC is also restructuring internally and considering international acquisitions for iron ore and lithium resources.

News by Rahul Yelligetti