After several years of growth, India’s iron ore production fell by 14.4% to 199.5Mt (million tonnes) in 2020. This fall was primarily due to 18.3% lower output from the state of Odisha, which accounted for 51.9% of the total production
The National Mineral Development Corporation Ltd, Steel Authority of India (SAIL), Tata Steel Ltd, and Odisha Mining Company (OMC) are the top iron ore producing companies in the country
Over the forecast period, production is expected to grow at a CAGR of 2.9%, to 276.4Mt by 2025, with the expected commencement of new upcoming projects. Malangtoli Project in Odisha, Bailadila Iron Ore Expansion Project, Rowghat Iron Ore Mine, Bailadila Deposit 13 Project, and Bailadila Deposit 4 Project in Chhattisgarh are some of the major upcoming projects, with a combined saleable production capacity of more than 30Mt and operations expected to start by 2023
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