H1FY27 Operational Update: Iron Ore 10 Mn Tonnes, Pellet Up 372% YoY

Iron ore: 10 million tonnes, up 36% YoY.

Thu 1 Oct 2026

Iron ore production H1FY27

10 million tonnes, up 36% YoY

Pellet production H1FY27

3.8 mn tonnes, up 372% YoY at 100% utilisation

DRI production H1FY27

3,43,064 tonnes vs 1,67,812 tonnes, up 104%

Second pellet plant commenced

Capacity now 8 mn tonnes annual

FY27 iron ore production target

26 MT

What was reported

The company released provisional operational numbers for the first half of FY27, describing it as its best-ever H1 performance, with value-added products taking a larger share of the mix.

Segment-wise production

• Iron ore: 10 million tonnes, higher 36% YoY versus 7.4 in H1FY26.
• BHQ (Banded Hematite Quartzite): 8.7 million tonnes versus 1.2, up 598%. This is excluded from mined ore and will be processed once beneficiation plants are commissioned.
• Pellet: 3.8 mn tonnes versus 0.8, up 372%, implying 100% capacity utilisation.
• DRI: 3,43,064 tonnes versus 1,67,812 tonnes, up 104%, implying capacity utilisation of more than 90% on a consistent basis.
• Copper: 4,389 tonnes, which includes residual production of the Chemaf plant in Q1FY27.

Capacity developments

The company commenced its second 4 mnt pellet plant, taking annual pellet capacity to 8 mn tonnes. It describes this as one of its fastest commissioning-to-ramp-up timelines.

Stated target

The company says it is anchored to produce 26 MT of iron ore in FY27.

Background given

The Surjagarh mine in Gadchiroli has an expanded Environmental Clearance capacity of 55 million tonnes per annum, including BHQ beneficiation. DRI manufacturing capacity is 700,000 TPA across two locations in Maharashtra, and an 85 km slurry pipeline from Hedri to Konsari has been commissioned. The company has also entered copper through mining assets in the Democratic Republic of Congo.

For investors

These are production volumes only and are provisional; they are not revenue or profit figures. Forward-looking statements in the release are not guarantees of future performance.

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