NMDC reports lower iron ore production so far in FY25

National Mineral Development Corporation Limited (NMDC), India's largest state-owned iron ore miner, produced 4.71 million tonnes of iron ore last December, marking an on-year rise of 5.1% from the same month the previous year.

Despite last month's increase however, during April-December 2024 – the first three quarters of India's fiscal year 2025 (FY25) – the company's total iron ore production still dropped by 3.2% on year to reach 30.77 million tonnes, according to NMDC's latest release. NMDC's annual iron ore production target for FY25