30 January 2025
NMDC shares Rs 70,000 crore capex plan
NMDC (National Mineral Development Corporation) is planning a significant capital expenditure (capex) of Rs 70,000 crore. This investment is expected to focus on expanding iron ore production, infrastructure development, and adopting advanced mining technologies. The plan aligns with NMDC's goal of reaching 100 million tonnes of annual production by 2030, enhancing efficiency, and supporting India's growing steel industry.