• Production volume guidance: NMDC has targeted a total production volume of 60 million tonnes for FY27, with 58.5 million tonnes from NMDC and 1.5 million tonnes from its joint venture NMDC-CMDC Limited.
• EBITDA margin normalization: Consolidated margins dipped to 33% in Q4 due to a low-margin, one-off steel trading volume that will be zero in subsequent quarters. Additionally, recent dispatches were dampened by temporary logistical bottlenecks rather than demand issues, with dispatches expected to hit peak-rated capacity in June.
• Critical minerals strategy: NMDC's dedicated rare earth subsidiary is jointly developing a domestic mine with GMDC and is in advanced stages to acquire 2 to 3 international assets by next quarter.
• NMDC Steel performance: The Nagarnar plant is currently operating at 90%–92% capacity utilization with plans to reach 97%–98%, aiming to boost margins through coke-related cost cuts and the production of higher-grade specialty steel.