New Delhi: State-owned mining company NMDC Limited has reported strong operational performance in the second quarter and first half of financial year 2026–27, recording significant growth in iron ore production along with an increase in turnover.
India’s largest iron ore producer registered a 19% year-on-year increase in iron ore production during Q2 FY27 compared with the corresponding quarter of the previous financial year.
For the first half of FY27, the company recorded an even stronger performance, with iron ore production growing by 23% year-on-year. The growth reflects NMDC’s continued focus on increasing output, strengthening operational efficiency and meeting the raw material requirements of India’s steel industry.
The company also reported positive turnover growth during both reporting periods, indicating continued business momentum alongside higher production.
NMDC Turnover Increases in Q2 and H1 FY27
NMDC recorded a 6% year-on-year increase in turnover during Q2 FY27 compared with Q2 FY26.
During the first half of FY27, the company’s turnover increased by 4% over the corresponding period of the previous financial year.
The increase in turnover accompanied strong growth in iron ore production, reflecting the company’s positive operational performance during the reporting periods.
Read also: NMDC Iron Ore Production Rises 18% to 5.04 MT in October 2026, Cumulative Output Hits 32.32 MT
NMDC Q2 and H1 FY27 Performance: Key Highlights
The company’s key operational and financial performance indicators are as follows:
- Iron Ore Production: Increased by 19% in Q2 FY27 and 23% during H1 FY27, year-on-year.
- Turnover: Grew by 6% in Q2 FY27 and 4% during H1 FY27, year-on-year.
The figures highlight NMDC’s ability to expand iron ore production during both the second quarter and the first six months of FY27.
Iron Ore Production Growth Outpaces Turnover Growth
A notable feature of NMDC’s performance is that its iron ore production growth was significantly higher than its turnover growth during both reporting periods.
In Q2 FY27, iron ore production increased by 19%, while turnover grew by 6%. Similarly, during H1 FY27, production recorded 23% growth compared with a 4% increase in turnover.
This difference indicates that higher production volumes did not translate into proportionate turnover growth. However, further details on sales volumes, iron ore realisations and product mix would be required to identify the reasons behind the difference.
NMDC Strengthens Its Position in India’s Mining Sector
As India’s largest iron ore producer, NMDC plays an important role in supplying essential raw materials to the country’s steel industry.
The company’s production growth during Q2 and H1 FY27 highlights its focus on expanding output, improving operational efficiency and supporting the growing demand for iron ore.
The strong performance during the first six months of the financial year also provides positive operational momentum for the remaining period of FY27.
NMDC’s continued production growth is significant for India’s broader efforts to strengthen domestic raw material availability and support the expansion of steel manufacturing capacity.
About NMDC Limited
NMDC Limited is a Navratna public sector undertaking under the Ministry of Steel, Government of India. Headquartered in Hyderabad, the company is India’s largest producer of iron ore and is engaged in the exploration and mining of iron ore and other minerals. NMDC plays a key role in supplying raw materials to India’s steel and industrial sectors.
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