Top 5 Indian Iron Ore Producers in FY15

Financial Year 2015 has not been an encouraging year for Indian mining industry. On one hand, the Supreme Court lifted mining ban from Goa and on the other, the court orders the temporary closure of nearly half of the Iron ore mines in top producing state like Odisha and Jharkhand due to non-renewal of years old leases.

India is the 4th largest Iron ore producing country in the world. Iron ore production in the country has been steadily falling in the wake of ban imposed in Karnataka, Goa, Odisha and Jharkhand. The country had produced about 150 MnT in FY14 and likely to produce 125-130 MnT in FY15.

Indian Iron ore exports fell sharply in last few years. FY14 recorded total exports of 14.5 MnT, which is expected to fall to 4-5 MnT in FY15.

SteelMint has tried to figure out the top 5 Indian Iron ore miners in FY15 on provisional basis. These five miners to contribute roughly 70% of India’s total Iron ore production.

NMDC to remain the largest Iron ore producer in the country with an annual production of about 31 MnT followed by Steel Authority of India (SAIL) at 25 MnT and Tata Steel at 15 MnT.