NMDC Limited has released the transcript of its conference call held on June 1, 2026, to discuss the Q4 and full-year FY 2025-26 results. The call featured insights from Chairman and Managing Director, Mr. Amitava Mukherjee, and Director (Finance), Mr. Anurag Kapil. During the call, Mr. Mukherjee highlighted NMDC's encouraging performance in FY26, with production exceeding 53 million tons and sales revenue reaching ₹31,000 crore. The company achieved an 11% growth in PAT despite sluggish prices, setting a foundation to target 100 million tons by the end of the decade, with a goal of 60 million tons for the current fiscal year. Key developments discussed include the opening of a coal mine in Jharkhand and the recommencement of iron ore mining at Deposit 4 in Bailadila. The company also plans to open Deposit 13 iron ore mine and the Rohne coking coal block in Jharkhand within the current financial year. NMDC is actively pursuing overseas asset acquisitions, with several in advanced stages. Capex for the current year is projected to be around ₹3,300 crore, with plans to nearly double this figure in the coming year to support expansion projects. The company is also establishing a subsidiary dedicated to rare earths and other critical materials. Regarding specific mine operations, Deposit 4 is expected to commence commercial mining in Q2 and target 1 million tons this year, ramping up to 7 million tons. Deposit 13 aims for 0.5 million tons this year, with a peak capacity of 20-21 million tons in 4-5 years. Tokisud coal mine is expected to yield 0.75 to 1 million tons of coal this year, while Rohne coal block is slated to open by late Q3. NMDC is investing approximately ₹3,000 crore in a blending yard at Vizag to produce branded iron ore, a first for India, aiming to enhance blast furnace efficiency for customers. The company anticipates capex of around ₹6,000 crore for the current year, potentially rising to ₹7,000-₹10,000 crore annually for the next 2-3 years to support its 100 million tons target by 2030. Existing mines like Kirandul and Bacheli are slated for capacity expansions, alongside new mines like Deposit 4 and Deposit 13. Demand for NMDC's high-quality iron ore, particularly due to its low phosphorus content, is expected to remain strong, even with the company's projected production of 100 million tons. The company also mentioned plans for a pellet plant at Vizag and is evaluating slurry pipeline routes.
