NMDC's Strategy to Meet Rising Demand for Iron Ore by Doubling Output
Thursday, 12 September 2024, 01:47
NMDC's Growth Plans for the Future
In a bold move, NMDC aims to double its iron ore production to achieve a target of 100 million tons (MT) by the year 2030. This ambitious goal is largely influenced by the ongoing surge in domestic as well as international demand for iron ore. To facilitate this increase, NMDC is investing in advanced beneficiation plants and incorporating the latest in AI/Machine Learning technologies into its operations.
Industry Implications and Future Outlook
- Innovative Approaches: The integration of cutting-edge technologies is expected to enhance productivity.
- Sustainability Focus: NMDC's growth strategy aligns with global trends towards sustainable mining practices.
- Supply Chain Expansion: Increased output will help NMDC secure a stronger position in the global iron ore market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.