India: NMDC posts record iron ore output; 21% up y-o-y in FY'26

• NMDC reported its highest ever yearly output, crossing the 50 mnt mark at 53.15 mnt; up by 20.6% against 44.07 mnt in FY'25. Monthly production in Mar'26 held firm m-o-m at 5.35 mnt against the year-ago period.
• Iron ore sales grew by 13.1% to 50.23 mnt in FY'26 against 44.4 mnt in FY'25. Meanwhile, monthly sales volumes in Mar'26 jumped 28.3% m-o-m to 5.9 mnt as against 4.6 mnt in the past month.