NSE:NSLNISP management interview: NMDC Targets 100 MT By 2030 As Production Growth Momentum Accelerates & 10,000 Crore Capex Expansion
ET Now, 2026-06-02. Video: https://www.youtube.com/watch?v=cSeliur_M7k
- Production targets: NMDC aims to increase output to 60 million tons this year—comprising 58.5 million tons from NMDC and 1.5 million tons from NCL—with a long-term target of reaching 100 million tons by FY30.
- Capex funding: The company has outlined a Capex of ₹6,000 crore for this year and ₹7,000 to ₹10,000 crore annually in subsequent years to expand capacity, which will be fully funded through internal accruals.
- NMDC Steel turnaround: After turning around from a ₹3,300 crore loss to a ₹74 crore profit, NMDC Steel is targeting 100% capacity utilization and an additional ₹8,000 to ₹9,000 margin per ton via cost cuts and higher-value steel.
- Receivables recovery: Outstanding pre-demerger dues of ₹1,800 crore from NMDC Steel are expected to be fully cleared within 18 to 20 months, with ongoing supplies to both NMDC Steel and RINL secured via bill discounting mechanisms.