India Iron Ore Mining Market by Reserves, Production, Assets, Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Empower your strategies with our India Iron Ore Mining to 2026 report and make more profitable business decisions.

India Iron Ore Mining Market Report Overview

India is the world’s second-largest iron ore producer, after Australia. In 2023, the iron ore mine production output in India was 257.6 million tonnes (Mt). The iron ore production in India will decline at a negative CAGR of more than 1% from 2024 to 2030.  This decline is mostly owing to the planned closure of major mines, including the Koira and Haddinapade (2024), Oraghat Iron Ore (2025), Roida II (2026), Feegrade Nadidih (2026).

India Iron Ore Mining Market Outlook 2023-2030 (Million Tonnes)

India Iron Ore Mining Market Outlook 2023-2030 (Million Tonnes)

Buy the Full Report for More Insights on the India Iron Ore Mining Market Forecast, Download a Free Sample Report

The India iron ore mining market research report provides comprehensive coverage of India’s iron ore industry. It provides historical and forecast data on iron ore production, production by company, reserves by country, and world iron ore prices. The report also includes a demand drivers section providing information on factors that are affecting the India iron ore industry. It further profiles major iron ore producers, and information on the major active, planned, and exploration projects by region.

Market Size (Iron Ore Production in 2023) 257.6 million tonnes (Mt)
CAGR (2024-2030) >(1)%
Active Mines ·        Bailadila Iron Ore Mines (Kirandul Complex)

·        Bailadila Iron Ore Mines (Bacheli Complex)

·        Joda East Mine

·        Balda Block Iron Mine

Development Projects ·        Bailadila Iron Ore Expansion Project

·        Sakradih-Dubna Mine

·        Sukri Luturburu Project

·        Dharmapur Iron Ore Mine

Exploration Projects ·        Chhote Dongar Deposit
Leading Companies ·        NMDC Ltd

·        Tata Steel Ltd

·        Steel Authority of India Ltd

·        Odisha Mining Corp. Ltd

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

India Iron Ore Mining Market - Active Mines

The key active iron ore mines in India are Bailadila Iron Ore Mines (Kirandul Complex), Bailadila Iron Ore Mines (Bacheli Complex), Joda East Mine, and Balda Block Iron Mine among others. In 2023, Bailadila Iron Ore Mines (Kirandul Complex) was the leading active iron ore mine with the highest saleable iron ore production.

India Iron Ore Mining Market Analysis by Active Mines, 2023 (%)

India Iron Ore Mining Market Analysis by Active Mines, 2023 (%)

Buy the Full Report for More Active Mine Insights into the India Iron Ore Mining Market
Download a Free Report Sample

India Iron Ore Mining Market - Development Projects

The key development projects in the India iron ore mining market are Bailadila Iron Ore Expansion Project, Sakradih-Dubna Mine, Sukri Luturburu Project, and Dharmapur Iron Ore Mine among others. In 2023, Bailadila Iron Ore Expansion Project was the leading development project of the India iron ore mining market, followed by Sakradih-Dubna Mine and Sukri Luturburu Project.

India Iron Ore Mining Market Analysis by Development Projects, 2023 (%)

India Iron Ore Mining Market Analysis by Development Projects, 2023 (%)

Buy the Full Report for More Insights on Development Projects in the India Iron Ore Mining Market
Download a Free Report Sample

India Iron Ore Mining Market - Exploration Projects

The key exploration project in the India iron ore mining market is the Chhote Dongar Deposit based in Chhattisgarh, owned by the Government of India.

Buy the Full Report for More Insights on Exploration Projects in The India Iron Ore Mining Market
Download a Free Report Sample

India Iron Ore Mining Market - Competitive Landscape

The leading companies in the India iron ore mining market are:

  • NMDC Ltd
  • Tata Steel Ltd
  • Steel Authority of India Ltd
  • Odisha Mining Corp. Ltd

NMDC is headquartered in Hyderabad, Telangana, India. The company is a metal and mining company based in India. It carries out the exploration and extraction of various minerals, including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.

NMDC is a Navratna company, which is under the administrative control of the Ministry of Steel, Government of India. The company has operations in Australia, Africa, and India. NMDC is headquartered in Hyderabad, Telangana, India.

Leading India Iron Ore Mining Market Analysis by Companies, 2022 (%)

Leading India Iron Ore Mining Market Analysis by Companies, 2022 (%)

Buy the Full Report for More Insights on Companies in the India Iron Ore Mining Market

Download a Free Report Sample

Scope

  • Overview of the India iron ore mining industry
  • Key demand driving factors
  • Historical and forecast data on iron ore production, production by company and reserves by country
  • World iron ore prices
  • Profiles of major iron ore producers
  • Competitive landscape
  • Major operating, explorational and developmental mines

Reasons to Buy

  • In-depth Insights: Gain comprehensive industry insights into the India iron ore mining market and understand the key market drivers influencing production trends, reserves and market dynamics.
  • Strategic market analysis: Access historical and forecast trends on India iron ore production to anticipate market shifts and make forward-looking decisions.
  • Forge valuable partnerships: Identify the leading companies in the India iron ore mining market, including information on their sectors of operation, headquarters location, production capacity and owned iron ore mines.
  • Uncover major projects: Dive into a detailed overview of major active, explorational, and developmental projects.

National Mineral Development Corporation Ltd
Steel Authority of India Ltd
Tata Steel Ltd
Odisha Mining Corp. Ltd

Table of Contents

Overview

Crude ore Reserves

Iron ore Production

Iron ore Prices

Major Active Mines

Major Development Projects

Major Exploration Projects

Competitive Landscape

Demand and Trade

Mining Taxes and Royalties

Appendix

Table

Table 1: Active mines in India by total reserves (million tonnes)

Table 2: List of successful iron ore auctions in India, 2021-22

Table 3: Historical and forecast India iron ore production (million tonnes), 2006–26

Table 4: India’s iron ore production by state (million tonnes), 2018–22

Table 5: Production by company (million tonnes), 2020–21

Table 6: Iron ore prices quarterly ($/dmtu), 2014–22

Table 7: Active mines, 2022

Table 8: Development projects, 2022

Table 9: Exploration projects, 2022

Table 10: Historical and forecast India iron ore consumption vs steel production (million tonnes), 2006–26

Table 11: India’s steel installed capacity (million tonnes), 2010–26

Table 12: Top institutional construction projects in India by value ($ million)

Table 13: India’s construction output value ($ billion), 2010–26

Table 14: Historical and forecast iron ore exports (million tonnes), 2006–26

Table 15: Number of operating, development, and exploration projects by company and stage, 2022

Table 16: National Mineral Development Corporation Ltd, major projects, 2022

Table 17: Steel Authority of India Ltd (SAIL) major projects, 2022

Table 18: Tata Steel Ltd major projects, 2022

Table 19: Odisha Mining Corp. Ltd major projects, 2022

Table 20: Royalty taxes, 2022

Table 21: Coal and lignite royalty rates, West Bengal (₹/t), 2022

Table 22: Coal and lignite royalty rates (excluding West Bengal) (₹/t), 2021

Table 23: Mining concession fees, 2022

Table 24: Annual dead rent rates per hectare (₹/Ha), 2022

Table 25: Iron ore export tax, 2022

Figures

Figure 1: Crude ore reserves by country (billion tonnes), 2017–22

Figure 2: Share of iron ore reserves by country (%), 2022

Figure 3: Historical and forecast India iron ore production (million tonnes), 2006–26

Figure 4: Iron ore production by state (%), FY2020–21

Figure 5: India’s iron ore production by state (million tonnes), 2018–22

Figure 6: Iron ore prices quarterly ($/dmtu), 2014–22

Figure 7: Historical and forecast India iron ore consumption vs steel production (million tonnes), 2006–26

Figure 8: India’s steel installed capacity (million tonnes), 2010–26

Figure 9: India’s construction output value ($ billion), 2010–26

Figure 10: India iron ore export by country (%), 2011 vs 2021

Figure 11: Historical and forecast iron ore exports (million tonnes) 2006–26

Figure 12: Number of operating, development, and exploration projects by company and stage, 2022

Frequently asked questions

India Iron Ore Mining Market by Reserves, Production, Assets, Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030 thematic reports
Currency USD
$1,495

Can be used by individual purchaser only

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

India Iron Ore Mining Market by Reserves, Production, Assets, Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at India Iron Ore Mining Market by Reserves, Production, Assets, Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030 in real time.

  • Access a live India Iron Ore Mining Market by Reserves, Production, Assets, Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.