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NMDC Limited ( (IN:NMDC) ) has provided an update.
NMDC Limited is an Indian state-owned mining company and one of the country’s largest producers of iron ore, operating major mines in Chhattisgarh and Karnataka. The company supplies iron ore to domestic steelmakers and other industrial consumers, playing a key role in India’s steel and infrastructure value chain and in meeting the raw material needs of the sector.
In April 2026, NMDC’s provisional iron ore production rose to 4.64 million tonnes from 4.00 million tonnes a year earlier, driven mainly by higher output in Chhattisgarh. Sales were broadly stable at 3.68 million tonnes versus 3.63 million tonnes, with stronger offtake from Chhattisgarh offset by weaker volumes from Karnataka, giving investors an early indicator of operational momentum at the start of FY2026-27.
More about NMDC Limited
NMDC Limited is an Indian state-owned mining company and one of the country’s largest producers of iron ore, operating major mines in Chhattisgarh and Karnataka. The company supplies iron ore to domestic steelmakers and other industrial consumers, playing a key role in India’s steel and infrastructure value chain and in meeting the raw material needs of the sector.
In April 2026, NMDC’s provisional iron ore production rose to 4.64 million tonnes from 4.00 million tonnes a year earlier, driven mainly by higher output in Chhattisgarh. Sales were broadly stable at 3.68 million tonnes versus 3.63 million tonnes, with stronger offtake from Chhattisgarh offset by weaker volumes from Karnataka, giving investors an early indicator of operational momentum at the start of FY2026-27.
Average Trading Volume: 1,714,776
Technical Sentiment Signal: Buy
Current Market Cap: 794.2B INR
Learn more about NMDC stock on TipRanks’ Stock Analysis page.