The National Mineral Development Corporation (NMDC) has become India's first mining company to produce 50 million tonnes of iron ore within a single financial year, FY 2025–26. NMDC is a Navratna Central Public Sector Enterprise under the Ministry of Steel. Set up in 1958 with headquarters in Hyderabad, it is India's largest iron ore producer, with major mines in Chhattisgarh and Karnataka. It also runs the country's only mechanised diamond mine, at Panna in Madhya Pradesh.