NMDC Ltd. Produced 25.15 Million Tonnes of Iron Ore during 2010-11
The Minister of Steel, Shri Beni Prasad Verma has said that NMDC Ltd. produced 25.15 million tonnes of iron ore during 2010-11, which is about 12% of the total estimated iron ore production of 208.11 million tonnes in the country.
In a written reply in the Lok Sabha today he said, the consumption of iron ore by the domestic industries during 2010-11 was estimated at 111.4 million tonnes, whereas the total production of iron ore in the country during 2010-11 was estimated as 208.11 million tonnes. NMDC supplied 23.75 million tonnes of iron ore during 2010-11 to domestic industries, which constitutes about 21% of estimated consumption of iron ore by the domestic industries. The remaining requirement of iron ore by the domestic industry was either sourced from captive iron ore mines or was supplied by other iron ore producers.
The Minister said, Iron ore, being in deregulated sector, its supply is secured by the individual companies based on their individual requirement. However, NMDC is taking steps to increase production of iron ore by opening up new iron ore mines and expanding the capacity of existing iron ore mines.