New Delhi, February 4: The National Mineral Development Corporation (NMDC), India’s largest government iron ore producer, has reported a significant increase in production for the first nine months of the financial year 2026, reaching 42.65 million tons. This marks a 19% rise compared to the previous year, as announced by the Ministry of Steel on Wednesday.
During the April-December period of FY26, the company’s sales also saw an impressive growth, totaling 39.73 million tons, which is a 9.7% increase year-on-year.
January proved to be a record month for NMDC, showcasing its operational strength. The company produced 5.56 million tons of iron ore and sold 4.79 million tons, reflecting a robust annual growth of 9% in production and 7% in sales compared to the same period last year.
Financially, NMDC has demonstrated remarkable performance in the first nine months of FY26, with revenue increasing by 22% to reach ₹20,381 crores. Profit Before Tax (PBT) rose by 5% to ₹7,280 crores, while Profit After Tax (PAT) saw a 4% increase, amounting to ₹5,401 crores. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also grew by 5%, reaching ₹7,666 crores.
The Ministry highlighted that NMDC is on track to meet its annual targets, having achieved its best-ever figures since its establishment. A significant milestone for the company was the inauguration of its first coal mine, the Tokisud North coal mine in Jharkhand, marking another major success in NMDC’s history.
According to the Ministry of Steel, this performance reflects NMDC’s strategic focus, operational efficiency, and long-term vision. The company remains committed to diversifying its portfolio, enhancing its capabilities, and maintaining a strong commitment to responsible Mining and sustainable development, further solidifying its leadership position in India’s mining sector.