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NMDC Hikes Iron Ore Prices After Record 53 MT Production in FY26

NMDC has increased the prices of its Baila Lump and Baila Fines iron ore products, effective April 5, 2026. The price revision follows the company's announcement of achieving a record annual iron ore production of 53.15 million tonnes in the financial year 2025-26. This milestone makes NMDC the first Indian mining company to surpass the 50 million tonne annual production mark. The robust growth was driven by peak performance at its major mines and strategic expansions, including a new international office and coal mine.

Key Points: NMDC Raises Iron Ore Prices, Posts Record Production

  • Iron ore price hike effective April 5
  • Record annual production of 53.15 MT in FY26
  • First Indian miner to cross 50 MT mark
  • Sales volume reached 50.23 MT
  • Growth driven by key mines in Chhattisgarh & Karnataka
2 min read

NMDC hikes iron ore prices from April 5

NMDC hikes iron ore prices effective April 5 and announces record annual production of 53.15 million tonnes for FY 2025-26.

"The total production output reached 53.15 MT with a marvellous growth of 21% - Ministry of Steel"

New Delhi, April 5

The Ministry of Steel-owned NMDC has revised the prices of its iron ore products, according to a regulatory filing with the National Stock Exchange of India.

In the filing made under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company said the revised prices will be effective from April 5, 2026.

According to the disclosure, the price of Baila Lump (65.5%, 10-40 mm) has been fixed at Rs 5,300 per tonne, while Baila Fines (64%, -10 mm) has been priced at Rs 4,500 per tonne.

"These prices are FOR prices that are exclusive of Royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit fee, GST, environmental Cess and other taxes," the filing stated.

Earlier this week, NMDC also registered its highest-ever iron ore production output at 53 million tonnes in the Financial year 2025-26, the Ministry of Steel said in a press release on Thursday. The ministry noted that NMDC has emerged as the first company in the India mining history to surpass the 50 million tonnes annual production mark.

The company's iron ore production jumped 51 per cent year-on-year to 5.35 million tonnes in March and posted a growth of a robust 40 per cent over the corresponding year in iron ore sales.

"The total production output reached 53.15 MT with a marvellous growth of 21%, and sales reached 50.23 MT, with a 13% jump, marking its best volumes since inception," the Ministry said in its press release.

The Steel Ministry attributed its robust growth to NMDC's major iron ore mines in Kirandul and Bacheli in Chhattisgarh and Donimalai in Karnataka, recording their best-ever performance in company history.

"FY26 has also been a defining year of expansion and transformation for NMDC, with the inauguration of an international office in Dubai, the successful operationalisation of the first coal mine in Jharkhand and the commissioning of Deposit 4 at Bailadila in Chhattisgarh, further strengthening its production capabilities and diversification strategy," the Ministry added.

- ANI

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Reader Comments

S
Sarah B
As someone working in the infrastructure sector, this news is a mixed bag. The 53 MT production milestone is genuinely impressive and crucial for our nation's growth. However, the price revision needs careful handling to not stifle downstream industries. Hope the government balances this well.
A
Arjun K
Fantastic achievement by NMDC! Crossing 50 million tonnes is a proud moment for Indian mining. The expansion in Dubai and new mines show strategic vision. A small price adjustment is understandable given global trends and their expansion costs. Jai Hind! 🇮🇳
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Priyanka N
The note says these prices are exclusive of so many taxes and fees. The final cost to industries will be much higher. While growth is good, transparency in the total landed cost would help businesses plan better. Still, congrats to the team in Chhattisgarh and Karnataka for the record output!
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Vikram M
This is how a PSU should perform! Record production, international expansion, and now a necessary price revision to maybe fund future projects. It's a commercial decision after all. Hope the revenue is reinvested in local communities and sustainable mining tech.
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Kiran H
With respect, I have a different view. Celebrating production records is fine, but what about the environmental cost in Bailadila? Price hikes affect small and medium steel units the most. The growth narrative often overlooks these ground realities. We need a more holistic policy.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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