Low per capita steel consumption provides significant growth potential: Despite being the world's 2nd largest steel consumer, India's per capita consumption of ~103 kg lags significantly behind the ~215 kg of global average. To address this disparity, the government aims to raise per capita steel consumption to 160 kg by 2030-31 and targeting a crude steel production capacity of 300 MT. This, in turn, is expected to drive iron ore demand to ~430 MT. Leveraging sixty years of expertise in iron ore mining, NMDC is poised to lead this long-term structural market expansion....