State-run National Mineral Development Corporation Ltd (NMDC) has produced 40 million tonne of iron ore in 2021-22.

The Ministry of Steel said that NMDC is the first mineral company to cross the 40 million tonne milestone in a year.

• Transrail Lighting Bags Rs 459 Cr MENA Transmission Orders
• Kotak Mahindra Bank Hikes DCC Fee to 3.5% from August
• Jubilant Pharmova Arm Gets USFDA Nod for Antacid Drug
• TVS Motor Jumps 3.75% as NTORQ 125 Gets New Colours
• Fortis Healthcare Falls 2.25% as Delhi Govt Orders Probe

“Starting from 4 million tonne in 1969-70, NMDC crossed 10 million tonne in 1977-78, added another ten million by 2004-05, crossed 30 million tonne within a decade and has now breached the 40 million mark,” it said.

It added that keeping pace with the constant surge in the domestic iron ore demand, the company has been rolling out ambitious expansion plans and Capex outlay to pursue enhanced production.