NMDC Employing Measures To Boost Production Of Iron Ore (19-Jan-2012)
NMDC, the largest iron ore producer in India, is employing measures to boost production of iron ore by opening up new iron ore mines and expanding the capacity of existing iron ore mines. Iron ore, being in deregulated sector, its supply is secured by the individual companies based on their individual requirement.
The state-controlled mineral producer produced 25.15 million tonnes of iron ore during 2010-11, which is about 12% of the total estimated iron ore production of 208.11 million tonnes in the country. During 2010-11, the consumption of iron ore by the domestic industries was estimated at 111.4 million tonnes, whereas the total production of iron ore in the country during 2010-11 was estimated as 208.11 million tonnes.
NMDC supplied 23.75 million tonnes of iron ore during the period under consideration to domestic industries, which constitutes about 21% of estimated consumption of iron ore by the domestic industries. The remaining requirement of iron ore by the domestic industry was either sourced from captive iron ore mines or was supplied by other iron ore producers.
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