NMDC TARGETS 60 MT IRON ORE PRODUCTION THIS YEAR

India's public sector mining company

aims to achieve 60 Million Tons iron ore production this financial year, marking a 20% increase from last year. Moreover, the company targets 100 Million Tons production by the year 2030-31, and also diversifying into coal mining. It has taken multiple steps to diversify its offerings as it aims to earn the tag of becoming India's largest mineral mining company. In FY26, NMDC reported a 34% rise in total revenue to an all-time high of Rs 32,071 crore from Rs 23,906 crore in FY25. Profit also increased by 12% to Rs 7,450 crore from Rs 6,520 crore in FY25. With this expansion plan, the company's sales and profits are expected to increase in the coming years. It has also been maintaining a dividend yield of 3.16% thereby maing it a decent investment option for regular income.