India's 2026 MMDR amendment caps state mineral levies to attract mining capital, but constitutional risks and missing midstream capacity limit its impact.
Company Profile
NMDC Limited
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About NMDC Limited
NMDC Limited (NSE: NMDC; BSE: 526371) is a Navratna state-owned mining enterprise headquartered in Hyderabad, India, under the Ministry of Steel, and the country’s largest iron-ore producer, with mechanized mines in Chhattisgarh and Karnataka producing high-grade 64% Fe ore alongside diamonds and pellets. As of mid-2026 NMDC carried a market capitalization near INR 75,000 crore (about US$9 billion), with iron-ore output exceeding 53 million tonnes in FY26. Within the critical-minerals arena, NMDC is diversifying beyond iron ore into strategic and critical minerals, pursuing exploration and acquisitions in rare earths, lithium and other battery and defense-related minerals both in India and overseas, in line with India’s critical-minerals mission. As the foremost domestic iron-ore miner with an expanding strategic-minerals mandate, NMDC is positioned to play a growing role in securing India’s supply of critical raw materials for steel, electronics and clean-energy industries.
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Recent Articles
India launches a $4B critical mineral mission and magnet incentive program, but China's 30-year industrial head start still defines the rare earth race.
India's GMDC and NMDC sign MoU for India rare earth supply chain development at Ambadungar, but processing capacity remains the critical challenge.
India's net-zero by 2070 demands 169M tonnes of critical energy transition minerals—copper, graphite, lithium—creating supply risks.
Indian mining giants NMDC and Coal India are strategically pivoting into EV magnet mineral exploration, signaling a critical shift in their traditional busines…
