The production of some key minerals in India has continued to witness strong growth after reaching record production levels in FY24, the Ministry of Mines said in a statement on Friday.
NMDC Ltd, India’s largest iron ore producer and a Navratna public sector enterprise, has allocated Rs 2,200 crore for FY25 to establish a slurry pipeline and new processing plants.
The Navrathna PSE’s strategic investment plan focuses on boosting production capacity and improving evacuation infrastructure.
As NMDC celebrates its 66th year, the company reflects on its significant impact in transforming Bastar’s socio-economic landscape and redefining the state’s identity.
Iron ore and limestone account for about 80% of the total MCDR mineral production by value. Production of iron ore was 275 million metric ton (MMT) and limestone at 450 MMT in FY 2023-24, it added.
In FY 2022-23, the NMDC produced 41.22 million tonnes and sold 38.25 million tonnes of iron ore despite the highest-ever rainfall.
Banning commodities for containing inflation is actually a hare-brained policy. For one thing, the current inflation is not commodity specific but spread over all commodities, and putting controls on one commodity is unlikely to tame inflation.
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