Iron ore production in Odisha, India’s key iron ore-bearing state, may rise to around 174-175 mnt in FY’25 – higher by over 10% compared with 158 mnt in the bygone fiscal. Both PSU as well as private miners in the state are expected to raise production considerably post approvals for expansion in EC limits. Odisha’s share in India’s total production is expected to increase 57% in FY’25. Likewise, iron ore production in Chhattisgarh is likely to rise by around 7% y-o-y to 48 mnt in FY’25. Karnataka is also expected to record a nearly 11% y-o-y increase with production expected to reach around 41 mnt. Jharkhand’s iron ore output may remain stable at around 22 mnt, while the contribution of other states may be around 20 mnt in FY’25.
