(BS)
NMDC Steel (NSL), one of India’s fastest-growing integrated steel producers, has reported a significant 179 per cent increase in revenue from operations for FY25, reflecting the successful ramp-up of its 3 MTPA steel plant in Nagarnar and its transition to commercial production.
The company posted revenue of Rs 8,503.05 crore in FY25, a sharp rise from Rs 3,048.99 crore in FY24, marking its first full year of operations since the commencement of commercial production in August 2023. The surge signals NSL’s swift move towards steady-state output and growing market presence.
In the fourth quarter of FY25, NSL recorded a revenue of Rs 2,838 crore, up 54 per cent year-on-year from Rs 1,845 crore in Q4 FY24, and 34 per cent higher sequentially compared to Q3 FY25. The rise indicates improved capacity utilisation and growing traction in the domestic steel market.
More significantly, NSL narrowed its net loss to Rs 473 crore in Q4 FY25, down from Rs 860 crore in Q4 FY24 and Rs 758 crore in Q3 FY25. This 38 per cent sequential reduction in losses highlights the company’s focus on operational efficiency, cost control, and optimised production processes.
Commenting on the results, Amitava Mukherjee, Chairman and Managing Director of NMDC Steel, said, “FY25 marks a pivotal phase in NSL’s journey from commissioning to rapid operational scale-up. The exceptional growth in revenue reflects the team’s commitment to disciplined execution and cost efficiency. As India’s demand for high-quality steel continues to surge, NSL is strategically positioned to deliver both value and volume. We are building not just a plant, but a future-ready steel powerhouse.”
With commercial operations beginning just over a year ago, NSL has quickly cemented its place as a key player in the Indian steel landscape. The company remains aligned with the national agenda of infrastructure-driven growth and self-reliant manufacturing, aiming to contribute significantly to India’s global competitiveness in steel production.
