New Delhi: NMDC Limited, India's leading iron ore producer, held its 66th Annual General Meeting in Hyderabad, chaired by NMDC CMD (Additional Charge) Amitava Mukherjee. During the AGM, Mukherjee emphasised NMDC's historic achievements, including a milestone production of 45 million tonnes (MT) in FY'24, which was 10 percent higher over the last year. NMDC is the first Indian mining company to achieve this figure. Sales reached 44.48 MT, which was 16 percent higher year-on-year, while revenues climbing 21 percent to Rs 21,294 crore and a 2 percent rise in profit after tax (PAT) to Rs 5,632 crore.
Mukherjee outlined NMDC's goal to reach 100 MT by 2030, driven by operational excellence, increased production at its Chhattisgarh and Karnataka mines, and significant projects like a 10 MTPA Rapid Wagon Loading System and gold mining in Australia. NMDC is also prioritizing sustainability, investing in renewable energy and reducing carbon emissions. The company remains committed to ESG initiatives, including CSR programs benefiting rural and tribal communities.
Shareholders expressed confidence in NMDC’s strategy to contribute to India’s steel production goals, as part of its vision to become a 100 MT company by 2030.
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