Business EconomyPosted at: Oct 9 2026 4:54PM


India’s steel growth hinges on raw material security, logistics: NMDC director

Hyderabad, Oct 9 (UNI) India’s ambition to increase steel production to 300 million tonnes by 2030 and 500 million tonnes by 2047 will depend on securing raw materials, strengthening logistics and adopting advanced technologies, NMDC Director (Commercial) Vivek Nishant Nath said on Friday.
Speaking at the inaugural session of the third edition of Future. Steel, organised by BigMint in association with the Telangana Iron and Steel Manufacturers Association (TISMA) at a private hotel in Hitec City, he said NMDC was expanding iron ore production to meet the growing requirements of the domestic steel industry.
He said NMDC’s iron ore production increased from 44 million tonnes in 2024-25 to 53 million tonnes in 2025-26, registering a growth of about 21 per cent. The company was targeting production of more than 60 million tonnes in the current financial year.
Nath said the company was opening new mines and expanding existing mining capacities to support the steel industry, particularly in South India. He stressed that increasing steel production capacity must be accompanied by adequate iron ore availability, efficient transportation and affordable delivered costs.
Identifying resource, production, quality, logistics and technology security as five key priorities, he said India had substantial iron ore resources, but the challenge was to bring them into production and transport the material efficiently to steelmakers.
He highlighted investments in railway connectivity, faster wagon-loading systems and slurry pipelines to reduce transportation costs. NMDC had recently commissioned a 135-km slurry pipeline connecting its Bacheli mines with the Nagarnar pellet plant, creating an integrated transportation chain, he said.
Nath also stressed the need to diversify sources of imported coking coal, noting that India would continue to depend on imports because of limited domestic resources. He said multiple supply sources were necessary to ensure uninterrupted availability of the key steelmaking raw material.
FTCCI president and CIL Securities Ltd managing director K K Maheshwari said Telangana had considerable scope to expand its steel industry, supported by infrastructure development and growing manufacturing activity. However, he cautioned that the state could face a shortage of steel production capacity by 2030 unless fresh investments were encouraged.
Vinod Kumar Agarwal, vice-president of FTCCI and secretary-general of TISMA, said South India contributed around 30 per cent of the country’s GDP but accounted for only about 18 per cent of steel production. He called for greater investment in regional steel manufacturing, improved logistics and access to affordable green energy.
Devashree Ispat Private Limited managing director Prakash Goenka called for reliable and reasonably priced supplies of iron ore, coal and scrap, along with lower power costs and policy support for secondary steel manufacturers. He also urged the government to address tax-related difficulties faced by scrap-based steel producers and accelerate access to renewable energy.
Anurag Agarwal, executive director and CEO of M S Agarwal Foundries Private Limited, also stressed the need to address raw material shortages, high electricity costs and policy bottlenecks to increase steel production in South India.
Earlier, BigMint director Sumit Agarwal said the conference aimed to bring together steel producers, raw material suppliers, buyers, policymakers and technology providers to discuss regional challenges and identify opportunities to strengthen the domestic steel industry.
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Tags: #India’s steel growth hinges on raw material security# logistics: NMDC director
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