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NMDC starts FY27 with strong production momentum, but sales growth remains muted

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NMDC starts FY27 with strong production momentum, but sales growth remains muted
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DBT Bureau

Pune, 4 July 2026

NMDC’s June iron ore production jumped 44% YoY to 5.15 MT, led by a sharp rebound in Chhattisgarh, where output surged 57%. On a cumulative basis, Q1 FY27 production rose nearly 26% YoY to 15.10 MT, showing that mining activity has accelerated meaningfully versus last year. However, sales growth lagged production, with June sales up just 11% and April–June sales rising only 2.1%, indicating that dispatches have not fully kept pace with output. Karnataka was the weak spot on the sales side, with Q1 sales down 27% YoY, while Chhattisgarh remained the key growth driver for both production and dispatches.

June 2026 Production Performance

RegionJun 2026 Production (MT)Jun 2025 Production (MT)YoY Change
Chhattisgarh3.582.28+57.0%
Karnataka1.571.29+21.7%
Total5.153.57+44.3%

June 2026 Sales Performance

RegionJun 2026 Sales (MT)Jun 2025 Sales (MT)YoY Change
Chhattisgarh2.792.34+19.2%
Karnataka1.191.24-4.0%
Total3.983.58+11.2%

FY27 Q1 Production Performance (Apr–Jun)

RegionFY27 Q1 Production (MT)FY26 Q1 Production (MT)YoY Change
Chhattisgarh11.238.18+37.3%
Karnataka3.873.81+1.6%
Total15.1011.99+25.9%

FY27 Q1 Sales Performance (Apr–Jun)

RegionFY27 Q1 Sales (MT)FY26 Q1 Sales (MT)YoY Change
Chhattisgarh9.298.13+14.3%
Karnataka2.463.38-27.2%
Total11.7511.51+2.1%

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