Published On:July 24 2014
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NMDC plans to boost iron ore output by two-thirds.
NMDC Ltd., India's biggest iron ore producer, aims to ramp up output by two-thirds in five years to 50 million tonnes a year, helped by the launch of new mining facilities and expansion of existing infrastructure, its chairman said.
State-owned NMDC's plans will add to surging global growth in output of the steelmaking raw material, although a push by India's new government to revive manufacturing and industrial growth may boost domestic appetite for iron ore.