Transcript of NMDC Limited post Q4 & FY 2025-26 Results - Analyst / Investors Conference Call held on 01st June 2026.

AI summary - FY26 production crossed 53 million tons; PAT grew 11% - FY27 production target set at 60 million tons; aiming 100 million tons by 2030 - Coal mining commenced in Jharkhand; Tokisud coal mine production to start Q2FY27 - Deposit 4 iron ore mine commercial mining from July FY27; ramp to 7 million tons peak - Capex guidance INR6,000 Cr for FY27; INR7,000-10,000 Cr annually next 2-3 years - Vizag blending yard planned with INR3,000 Cr investment for branded iron ore - NSL receivables expected to be recovered in 16-18 months; RINL payments ongoing with 45-day lag - EBITDA margin expected at 42-43% for FY27; prices to remain range-bound - Rail doubling to complete by Dec 2026; logistics capacity to increase to 40-60 million tons - Foreign acquisitions in critical minerals planned with INR2,000-3,000 Cr capex in FY27