Established in: 1958
Managing Director: Amitava Mukherjee
The National Mineral Development Corporation (NMDC) is India’s single largest iron ore producer and a key player in the mining industry. NMDC is a Navratna public sector company that operates under the Ministry of Steel. It focuses on the exploration, production and sale of iron ore to domestic steelmakers.
NMDC owns and operates mines in Karnataka and Chhattisgarh. The major iron ore-producing mines of NMDC include the Bailadila sector in Chhattisgarh and the Donimalai and Kumaraswamy iron ore mines in Karnataka. The Bailadila iron ore is spread over an area of around 40 km.
Apart from iron ore, NMDC is involved in the exploration of various metals and minerals like copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, tin and graphite.
NMDC also mines diamonds from its Majhgawan mine at Panna, Madhya Pradesh. With strong mining assets, an efficient team and a long-term outlook, NMDC plays a crucial role in supporting the nation’s infrastructure and steel growth.
History of NMDC
NMDC was established in 1958, with the objective of exploring and developing mineral resources in India. Initially, NMDC focused only on minerals operations, then evolved into a major iron ore producer.
NMDC expanded its operations outside India for the first time by signing an MoU with Spice Metals and Minerals. NMDC Spice International was established as a joint venture between two companies to plan, acquire, and develop metal and mining projects abroad.
In 2008, NMDC was granted Navratna status, indicating its operational strength and strategic importance. Today, NMDC continues to expand its mining capacity while aligning with India’s long-term industrial and infrastructure goals.
NMDC Business Segments
At present, NMDC’s business is divided into four segments.
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Iron Ore Mining: It’s the core business segment of NMDC, where the company operates large mechanised iron ore mines in Chhattisgarh and Karnataka. They supplies high grade iron ore to domestic steel manufacturers.
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Mineral Exploration: The company is actively involved in exploring the mineral resources in India and supporting long-term mining sustainability.
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Diamond Mining: NMDC also has a presence in diamond exploration and production through the Panna Diamond Mine in Madhya Pradesh.
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Pettet and Value-Added Products: The company also produce iron ore pellets and other value-added products to meet the growing demand in the steel industry.
NMDC Financial Performance (FY25 vs FY24)
Revenue: NMDC reported consolidated revenue of ₹25,498.84 crore in FY25 vs ₹22678.73 crore in FY24. It showed an increase of 12.43% on a yearly basis, reflecting decent growth.
Operating Profit: The company reported an operating profit of ₹9,143.89 crore in FY25 vs ₹7,952.66 crore in FY24. It showed an increase of 14.97% on a year-on-year basis, indicating that the company's operating profit is growing well.
Net Profit: NMDC reported a net profit of ₹6,538.82 crore in FY25 compared to ₹5,571.25 crore in FY24. It showed an increase of 17.36% on a yearly basis, indicating an improvement in overall performance.
NMDC Financial Highlights
- Revenue: NMDC reported revenue of ₹33,559.27 crore in FY26 vs ₹25,498.84 crore in FY25. It showed an increase of 31.61% on a yearly basis.
- Operating Profit: NMDC reported an operating profit of ₹10,149.48 crore in FY26 vs ₹9,143.89 crore in FY25. It showed an increase of 11.00% on a year-on-year basis.
- Net Profit: NMDC reported a net profit of ₹7,414.69 crore in FY26 vs ₹6,538.82 crore in FY25. It showed an increase of 13.39% on a yearly basis.
NMDC Quarterly Result Highlights
- NMDC reported revenue of ₹11,775.49 crore in Mar 2026, compared with ₹7,983.38 crore in Dec 2025, representing an increase of 47.50% on a quarter-on-quarter (QoQ) basis.
- NMDC reported an operating profit of ₹2,872.85 crore in Mar 2026, compared with ₹2,374.84 crore in Dec 2025, representing an increase of 20.97% on a quarter-on-quarter (QoQ) basis.
- NMDC reported a profit of ₹2,017.57 crore in Mar 2026, compared with ₹1,747.01 crore in Dec 2025, reflecting an increase of 15.49% on a QoQ basis.
- The earnings per share (EPS) of NMDC stood at ₹7.44 during Mar 2026.
