Significant improvement in iron ore production from states of Odisha, Chhattisgarh and Goa resulted in sharp increase in India’s iron ore production in FY17. Country’s iron ore production is anticipated to have touched 190 mnt in FY17 against 155.9 mnt in FY16. Thus last fiscal witnessed a growth of 22% Y-o-Y in nations’ iron ore output.
Iron ore production by India’s single largest iron ore producer National Mineral Development Corporation (NMDC) was recorded at 34.03 mnt in FY17 against 28.58 mnt in FY16. On yearly premises, production figure has moved up by 19%. Output from its Chhattisgarh mines increased considerably from 16.6 mnt in FY16 to 22.03 mnt in FY17. Iron ore production from Karnataka mines remained mostly stable on yearly premises and stood at 12 mnt in FY17.
Aiming at security of raw material supplies from captive mines, SAIL targeted highest ever iron ore output last fiscal. SAIL has its captive mines in Odisha, Jharkhand and Chhattisgarh. The capacity of existing mines at Barsuan, Kalta, Kiriburu, Meghahatuburu, Bolani & Gua are being ramped up to meet the requirement of iron ore for post ongoing phase of expansion. Captive iron ore production from SAIL’s Odisha mines increased marginally from 6.45 mnt in FY16 to 6.96 mnt in FY17.
FY17- 19 mnt*
FY16- 16.43 mnt
Tata Steel produced 16.43 mnt iron ore from its captive mines located in Jharkhand and Odisha in FY16. Steel maker’s iron ore output increased from its Odisha mines in FY17. Its’ production from Odisha mines increased by 28% Y-o-Y from 9.29 mnt in FY16 to 11.85 mnt in FY17. Thus as per Steel 360 analysis, the steelmaker must have witnessed growth of 16% Y-o-Y in its iron ore output in FY17.
FY17- 23.4 mnt
FY16- 18.1 mnt
Odisha’s largest merchant iron ore producer - Rungta Mines recorded an increase of 30% Y-o-Y in its yearly iron ore production from Odisha. It produced 22.8 mnt iron ore from its Odisha mines in FY17 compared to 17.58 mnt in FY16. State govt’s push to raise production to match up with the laid limits resulted in increased outputs. Also, sharp hike in exports boosted miner’s output in last fiscal. Miner ’s exports moved up from nil in FY16 to 2.51 mnt in FY17.
Serajuddin and Co. - Odisha’s 2nd largest merchant iron ore miner produced 10.89 mnt iron ore from its Balda block iron ore mines in FY17 compared to 10.15 mnt in FY16.