NMDC Outlines ₹70,000 Cr CAPEX Plan at Vendor Meet in Hyderabad
India’s largest iron ore miner, NMDC, hosted a Vendor Meet in Hyderabad to share its ambitious roadmap for achieving 100 MTPA production capacity by 2030. The event brought together vendors from across the country as NMDC presented its ₹70,000 crore capital expenditure plan for the next five years, focusing on production augmentation, evacuation infrastructure, and digital transformation.
NMDC’s top leadership, including Shri Amitava Mukherjee, CMD (Additional Charge), Shri V Suresh, Director (Commercial), and Shri Vinay Kumar, Director (Technical), engaged with contractors, consultants, and vendors, emphasizing the company’s commitment to ease of doing business while expecting the highest standards of speed and quality from its partners.
Shri Amitava Mukherjee highlighted the strategic importance of this initiative, stating, “100 million tonnes by 2030 is a priority effort for NMDC and a once-in-a-lifetime opportunity to build a global mining powerhouse. We are looking at a capital expenditure of approximately ₹70,000 crores.” He urged vendors to prepare early, secure financial resources, and uphold stringent timelines.
The meet featured in-depth discussions on NMDC’s expansion plans, evacuation strategies, and digital interventions, followed by interactive sessions with vendors. Shri Vinay Kumar, Director (Technical), reinforced the urgency of NMDC’s vision, noting, “Our vendors have played a crucial role in our growth. Now, we must achieve in the next five years what took six decades. Seamless execution is key to realizing the 100 MTPA goal.”
NMDC’s expansion aligns with the National Steel Policy’s vision to enhance raw material security and self-reliance in India’s iron and steel sector.
