By FMTeam Do you even know how important iron ore really is, especially for a country like India? Well, that’s why National Mineral Development Corporation or NMDC for short, is THE biggest iron ore producer of the country. But for some reason, if you don’t know much about NMDC yet, then this brief introductory post with pointers like National Mineral Development Corporation Net Worth, Owner, CEO, Head Office and much more, will be a good help.
| Company name | NMDC Limited (National Mineral Development Corporation) |
| Establishment year | 1958 |
| Head Office | Hyderabad |
| Owner/Founder | Government of India |
| CEO Name | Amitava Mukherjee (Chairman & Managing Director) |
| Industry | Mining, exploration and production of iron ore |
| Number of employees | N/A |
| Net worth / Market capitalization | ₹74,286.53 crore (market cap as of 09/02/2026) |
| Total revenue in 2021 | ₹15,721 crore |
Company Profile
Straight up, going into the history part, see, NMDC was established in 1958 as a public sector enterprise under the Government of India. It is a Navratna company under the Ministry of Steel, which means that NMDC, being a Government of India undertaking, is completely owned by India Government and not by any private party. Head office? Oh, that’s still there in Hyderabad.
NMDC Net Worth / Market Cap
For a better idea of how stable and big this company is, let’s talk about the market cap number instead of net worth, and in the case of NMDC, that’s about ₹74,286.53 crore as of early Feb 2026.
Current Operations, Future Plans and Recent Updates
NMDC has been ramping up production capacity as one of its major long-term expansion plans. The firm is targeting a 100 million tonnes production level by 2030. For the year ended March 31, 2025, NMDC’s production was around 45 million tonnes.
NMDC has also outlined projects for expansion such as slurry pipelines and processing, beneficiation, and pellet capacity additions to be able to produce more in the coming years. In a recent report, NMDC’s gross consolidated net sales for December 2025 stood at ₹7,663.65 crore, showing a rise of 16.68% on a year-on-year basis.