NMDC Iron Ore Output Rises 11% in November; Sales Up 4.3%

State-run NMDC posted an 11% year-on-year increase in iron ore production for November, reaching 5.01 million tonnes (MT) compared to 4.51 MT a year ago. Monthly sales also improved by 4.3%, touching 4.17 MT versus 4 MT in November 2024, according to provisional data shared with exchanges.

The growth was supported by higher output from both Chhattisgarh and Karnataka mines. Cumulative production and sales for the fiscal year so far have also shown strong momentum.

November Production and Sales Performance

NMDC’s iron ore production in November stood at 5.01 MT, marking an 11% increase year-on-year. Sales during the month rose to 4.17 MT, up 4.3% from 4 MT in the same period last year.

The improvement reflects steady demand and operational efficiency across key mining regions. Provisional figures indicate a positive trend for the company as it heads into the final quarter of FY26.

Regional Output

Production growth was driven by NMDC’s major mining hubs. Output from Chhattisgarh rose to 3.58 MT from 3.27 MT a year ago, while Karnataka delivered 1.43 MT, up from 1.24 MT last year.

These regions continue to play a critical role in meeting domestic iron ore requirements. The company’s ability to scale operations in both states has supported overall volume growth.

Cumulative Performance for FY26

For April–November, cumulative production reached 31.48 MT, compared with 26.06 MT in the same period last year. Cumulative sales stood at 30.28 MT, up from 27.84 MT, highlighting sustained demand and improved supply chain management.

NMDC Share Price Performance

On December 02, 2025, NMDC share price opened at ₹75.69, compared to the previous close of ₹75.39. During the session, as of 12:50 PM IST, the stock had touched a high of ₹76.63 and a low of ₹75.45, and was trading at ₹76.68, up by 1.71%. The stock recorded a traded volume of 231.05 lakh shares and a traded value of ₹176.13 crore on the NSE. The market capitalisation stood at ₹67,688.20 crore.

Over the past 52 weeks, NMDC has hit a high of ₹82.83 and a low of ₹59.53. The stock is currently trading at a P/E ratio of 10.11.

Read More: India's Steel Industry Hit by Influx of Cheap Imports.

Conclusion

NMDC’s November performance reflects consistent growth in production and sales, supported by strong regional output and cumulative gains. The company’s financial resilience and operational efficiency continue to drive positive momentum.

Market participants will watch for pricing trends and demand outlook as NMDC navigates the remainder of FY26. The latest update reinforces its position as a key player in India’s iron ore sector.

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