1 day ago
Shares of NMDC Ltd ended at ₹63.93, down by ₹0.53, or 0.82% on the BSE.
By CNBC-TV18 January 28, 2025, 11:51:07 PM IST (Published)
The country's largest iron ore miner NMDC on Tuesday (January 28) said is planning to invest ₹70,000 crore over the next five years to ramp up its capacity to 100 million tonne per annum.
"This is not business as usual, it is a priority effort and a once-in-a-lifetime opportunity towards building a global mining powerhouse," CMD Amitava Mukherjee said.
The company, which hosted a stakeholders' meeting in Hyderabad on Tuesday, leveraged the platform to share its roadmap and strategies for Vision 2030, towards the goal of achieving 100 MTPA capacity. NMDC interacted with its stakeholders- vendors, contractors and consultants - from across the country, the company said in a statement.
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Detailed information on the expansion plans, evacuation strategies and digital transformation to achieve the goal were shared in the meeting. The company promised ease of doing business and solicited speed and quality from the partners.
NMDC's target of 100 MTPA by 2030 is inspired by the vision of the Steel Policy to build raw material security and self-reliance in the iron and steel sector.
Shares of NMDC Ltd ended at ₹63.93, down by ₹0.53, or 0.82% on the BSE.
