NMDC shares in focus as firm sees record 15% rise in iron ore production in April; check full details

In a statement on Sunday, state-owned NMDC said it produced 4 million tonnes (mt) of iron ore in April, higher than 3.48 mt in the same month last year.

NMDC sold 3.63 mt of iron ore last month, up from 3.53 mt in April 2024.

NMDC CMD Amitava Mukherjee said, “Our record-breaking April performance, coupled with best-ever despatch figures from our major iron ore mines—Kirandul, Bacheli, and Donimalai—with a growth of 12%, 4% and 88%, respectively, over CPLY solidifies our leadership position and sets a strong foundation for achieving our ambitious target of becoming a 100 mt mining company by 2030.”

The company's pellet production soared to an all-time high of 0.23 lakh tonnes, surpassing the previous April record set in 2018.

Under the Ministry of Steel, NMDC is India's largest iron ore-producing entity.

Meanwhile, NMDC Steel Limited (NSL), a demerged entity from NMDC, said it has reported an 8.5% month-on-month growth in its hot metal production to 230,111 tonnes in April compared to 211,978 tonnes produced in March.

NSL's 3-million-tonne Nagar Steel Plant in Chhattisgarh, which is termed India's youngest steel unit, was set up at a cost of ₹24,000 crore.

On Friday, NMDC shares closed at ₹65.30 apiece on the National Stock Exchange, rising 0.79%.

Shares of NMDC have tumbled 0.08% in the last five trading sessions. However, since April 4, the scrip has gained 0.43%. Year-to-date, the stock has declined 1.03%.

Its market capitalisation at the end of Friday’s session stood at ₹57,410.57 crore.

According to NSE data, the company had touched its 52-week low of ₹59.53 apiece on April 9, 2025. The share had hit a one-year high on May 21, 2024, of ₹95.45 apiece.