Latest news with #AmitavaMukherjee
Hans India
2 days ago
- Business
- Hans India
NMDC pays tribute to Op Sindoor, vows to build ‘Naya Bharat'
Hyderabad: NMDC, India's largest iron ore producer, commemorated the nation's 79th Independence Day with great enthusiasm, reflecting the theme 'Naya Bharat' at its Head Office in Hyderabad and other mining units across India. This year's celebrations paid tribute to Operation Sindoor, showcasing India's growing self reliance. Amitava Mukherjee CMD, NMDC unfurled the national flag at the NMDC Corporate Office in Hyderabad in the presence of functional directors. The event was graced by Vinay Kumar Director (Technical), Joydeep Dasgupta, Director (Production), Priyadarshini Gaddam Director (HR) along with employees and their family members. In his address to the gathering, Mukherjee said, 'This Independence Day is steeped in valour, for this year our freedom was not just commemorated, it was fiercely protected. NMDC is a vehicle for the vision of India. Every tonne of ore we mine, every coil of steel we produce, and every decision we take as an organisation carries the weight of national trust. We are firmly targeting 55 million tonnes in FY26 by reaching this milestone, we can stay on course for our 100 million tonnes goal by 2030. For NSL, August 2025 has been a landmark month of milestones - 11,205 tonnes of hot metal produced in a single day, Rs. 25.7 crore profit after tax reported in Q1 FY26, and the successful rollout of 1.2 mm thick hot rolled coil. NSL has inherited this deep sense of responsibility to the people and the planet from NMDC.'
The Hindu
3 days ago
- Business
- The Hindu
NMDC eyeing 55 MT iron ore output in FY26: CMD
State-owned NMDC is eyeing a record 55 million tonne iron ore production in the current fiscal. In 2024-25, the company's output of the key raw material for steel stood at 44.04 MT, while in the previous fiscal it touched a record 45.2 MT. For the quarter ended June in FY26, the production was more than 30% higher year-on-year at 11.99 MT. 'We are firmly targeting 55 million tonnes in FY26, by reaching this milestone we can stay on course for our 100 million-tonne goal by 2030,' CMD Amitava Mukherjee told a gathering on the occasion of Independence Day celebrations at NMDC Corporate Office here on Friday. August, for NMDC Steel, he said, was turning out to be a month of milestones with the company producing 11,205 tonne of hot metal in a single day; reporting ₹25.7 crore profit after tax for first-quarter ended June; and successfully rolling out of 1.2 mm thick hot rolled coil. 'NSL has inherited this deep sense of responsibility to the people and the planet from NMDC,' he said about the demerged entity. who is the CMD of NSL, said 'every tonne of ore we mine, every coil of steel we produce and every decision we take as an organisation carries the weight of national trust.'
Time of India
02-07-2025
- Business
- Time of India
NMDC looking to acquire critical mineral blocks overseas: CMD Amitava Mukherjee
New Delhi: State-owned iron ore producer NMDC is actively evaluating offshore acquisitions of critical mineral blocks, its CMD Amitava Mukherjee said adding it will strengthen the company's presence in the global value chain. Critical minerals like antimony, lithium, cobalt, copper are essential for clean energy technologies like solar panels, wind turbines, EVs, and energy storage systems. India has launched the National Critical Mineral Mission (NCMM) to ensure their long-term availability and processing. "As a part of its global mineral diversification strategy, NMDC has been actively evaluating acquisition opportunities across 10 strategic mineral assets globally and exploring critical mineral block acquisitions in Africa, Australia & South America to strengthen its presence in the global critical mineral value chain," Mukherjee said. On inauguration of NMDC office in Dubai, he said the city represents a gateway to global opportunity and the new office is poised to redefine the company's mining landscape. "With our expansion we are revolutionizing our approach to mineral development, securing India's position as a leader in the mining industry, driving innovation in resource utilization," Mukherjee told PTI. Union Minister H D Kumaraswamy inaugurated the NMDC office in Dubai this week. Hyderabad-based NMDC, under Ministry of Steel , contributes around 17-20 per cent to India's total iron ore production . In July 2023, the government released a list of 30 critical minerals for India. These include antimony, beryllium, bismuth, cobalt, copper, gallium, lithium, molybdenum, niobium, nickel, among others. PTI
Time of India
01-07-2025
- Business
- Time of India
NMDC opens international office in Dubai, eyes critical mineral assets across Africa, Australia
New Delhi: State-owned mining company NMDC opened its international office in Dubai , aiming to enhance its global footprint and accelerate the acquisition of critical and strategic mineral assets across Africa, Australia, South America, and the Middle East and North Africa (MENA) region. The Dubai office will serve as NMDC's international operations centre and provide real-time market intelligence, support technical and legal due diligence, and facilitate engagement with local authorities and business partners. Union Minister for Steel and Heavy Industries H.D. Kumaraswamy inaugurated the office in the presence of Indian Ambassador to the UAE Sunjay Sudhir, NMDC CMD Amitava Mukherjee, SAIL CMD Amarendu Prakash, and Consul General of India in Dubai Satish Kumar Sivan. Speaking at the launch, CMD Amitava Mukherjee said, 'Dubai represents a gateway to global opportunity. With this new office, NMDC is poised to redefine the mining landscape. With our expansion we are revolutionizing our approach to mineral development, securing India's position as a leader in the mining industry, driving innovation in resource utilization.' The Dubai centre will track developments in the global mining sector, including government policies and regulatory changes, and provide timely decision support to NMDC's leadership. It will also be instrumental in facilitating partnerships in Mining Equipment and Technology Services (METS) and in building a global network for peer insights and data sharing. NMDC is currently evaluating ten global strategic mineral assets and is exploring options to acquire critical mineral blocks in resource-rich geographies. The international presence is expected to strengthen India's integration into global mineral supply chains and ensure resource security . The company said the Dubai office will serve as a hub for its international engagement efforts, supporting India's ambitions in the critical minerals domain.
Economic Times
01-07-2025
- Business
- Economic Times
NMDC explores critical minerals acquisition overseas
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Indian state-owned miner NMDC on Tuesday said it is exploring acquisition opportunities for critical minerals in Africa, Australia and South America, as part of its global mineral diversification Monday, the country's largest iron ore miner opened a Dubai office that will track mineral sector developments in Africa and Australia and focus on scouting mineral assets and conducting due diligence, it said in a April, NMDC Chairman Amitava Mukherjee said the miner was looking at Africa for lithium, iron ore, copper and cobalt as well as exploring coking coal assets in Indonesia and year, India's Secretary of Mines V.L. Kantha Rao said that NMDC and Coal India were exploring lithium mines in Chile and 2023, NMDC's unit Legacy Iron Ore had signed a lithium exploration pact with Australia's Hancock Prospecting Pty Ltd.(More to come)
