NMDC Ltd. (NMDC) — Tipsheet https://tipsheet.markets/company/nmdc/ Every Tipsheet Editorial note covering NMDC Ltd. (NMDC), newest first. Grounded in BSE/NSE primary-source filings. en-in Mon, 06 Jul 2026 10:22:48 GMT NMDC clears 53 mt in FY26, reopens two mines for the first time in 50 years https://tipsheet.markets/nmdc-nmdc-clears-53-mt-in-fy26-reopens-two-mines-for-the-first-time-in-50-years-104575/ https://tipsheet.markets/nmdc-nmdc-clears-53-mt-in-fy26-reopens-two-mines-for-the-first-time-in-50-years-104575/ Mon, 01 Jun 2026 12:23:41 GMT The miner beat its production target and is now doubling capex to restart Deposit 4 and Deposit 13, setting the stage for a push to 100 mt capacity by 2030. The miner beat its production target and is now doubling capex to restart Deposit 4 and Deposit 13, setting the stage for a push to 100 mt capacity by 2030.

What’s new

  • FY26 production reached 53 mt, beating the 50 mt target; sales revenue was ₹31,000 cr and PAT grew 11% year-on-year.
  • Deposit 4 and Deposit 13, dormant for 50 years, will reopen to support the FY27 output target of 60 mt.
  • Capex will double to ₹6,000 cr in FY27 as part of a ₹40,000-50,000 cr three-year spending plan.

Why it matters

The reopening of two long-idle mines and a doubling of annual spending mark a clear shift from maintenance to aggressive capacity expansion. NMDC is moving to capture domestic iron-ore demand before imports fill the gap, but the plan hinges on simultaneous execution of new mines, coal projects, and a branded-ore platform.

What we’re watching

  • Ramp-up pace at Deposit 4 and Deposit 13 against the 60 mt FY27 target.
  • Commissioning of the ₹3,000 cr Vizag blending yard for India's first branded iron ore.
  • Evacuation capacity from the 90%-complete railway doubling project hitting 40 mt.

The full read

NMDC mined 53 mt of iron ore in FY26, beating its 50 mt target and generating ₹31,000 cr in sales revenue. PAT rose 11% despite pricing headwinds. The company is now pivoting to a major expansion. It will reopen Deposit 4 and Deposit 13, mines shuttered for 50 years, to support an FY27 production target of 60 mt. It will also begin coal mining at Tokisud and Rohne. Capex jumps to ₹6,000 cr in FY27, part of a ₹40,000-50,000 cr three-year plan to double annual capacity to 100 mt by 2030. A railway doubling project, 90% complete, will free evacuation capacity to 40 mt. Management expects iron ore EBITDA margins to normalize at 42-43% in FY27 as prior-year steel trading distortions unwind. The ₹3,000 cr blending yard at Vizag aims to create India's first branded iron-ore product, a bet on value over volume. The test now is executing all these pieces at once.

Primary source: BSE · NSE

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