NMDC Announces Rs70,000-cr Capex Plan to Boost Iron Ore Production to 100 MTPA by 2030

Hyderabad: NMDC Limited, India’s largest iron ore producer, hosted a vendor meet in Hyderabad on Tuesday to outline its ambitious roadmap aimed at achieving a production capacity of 100 million tonnes per annum (MTPA) by 2030. The company revealed a comprehensive capital expenditure (Capex) plan of approximately Rs70,000 crores over the next five years, focusing on enhancing production capacity, building evacuation infrastructure, and transforming its digital ecosystem.

The event saw the participation of NMDC’s top leadership, including Amitava Mukherjee, CMD (Additional Charge); V Suresh, Director (Commercial); Vinay Kumar, Director (Technical); and other senior officials. They engaged with a network of contractors, consultants, and vendors, emphasising the importance of collaboration, speed, and quality in achieving the company’s goals.

Addressing the gathering, Amitava Mukherjee highlighted the significance of the 100 MTPA target, stating, “This is not business as usual. Achieving 100 million tonnes by 2030 is a priority for NMDC and a once-in-a-lifetime opportunity to build a global mining powerhouse. We are looking at a capital expenditure of approximately Rs70,000 crores.” He urged vendors to seize the early advantage, strengthen their financial and resource capabilities, and deliver projects on time with the highest standards of quality.

The event featured detailed presentations on NMDC’s upcoming infrastructure and innovation projects, divided into three key sessions: expansion, evacuation, and digital intervention. The company also shared its implementation strategies, followed by interactive discussions with vendors.

In his closing remarks, Vinay Kumar, Director (Technical), emphasised the critical role of vendors in NMDC’s growth journey. “Our vendors have been instrumental in NMDC’s consistent growth, making us a formidable team. However, the next five years will require us to achieve more than what we have accomplished in six decades. A collective effort for seamless execution is the only way to realise our goal of 100 million tonnes by 2030,” he said.

NMDC’s 100 MTPA target aligns with the National Steel Policy’s vision of ensuring raw material security and fostering self-reliance in India’s iron and steel sector. The company’s Rs70,000 crore Capex plan underscores its commitment to transforming India’s mining landscape and supporting the nation’s industrial growth.