NMDC reports record iron ore output in FY26

National Mineral Development Corporation Limited (NMDC), India's largest state-owned iron ore producer, achieved a record annual production of 53.15 million tonnes of iron ore during fiscal year 2025-2026 which ended on March 31. The total represented a substantial increase of 20.6% from the previous fiscal year, according to the company's latest monthly production and sales statement.

With this milestone, NMDC has become the first company in India's mining history to cross the 50-million-tonne annual production threshold, said the country's Ministry of Steel. NMDC itself pointed to a sharp acceleration in growth in recent years. The miner produced just 30 million tonnes of iron ore in 2015,