# Andhra Pradesh’s Mines Department recorded a revenue of Rs 3,416 crore in 2025-26.

*business · news · 2026-05-06 · The New Indian Express*

## Key points

- Andhra Pradesh's Mines Department achieved 32% revenue growth in 2025-26, highest among mineral-rich states.
- The State targets Rs 4,650 crore revenue for 2026-27, a 36% increase over the previous year.
- ArcelorMittal Nippon India and JSW are both establishing major steel plants in Andhra Pradesh.
- By 2035, Andhra Pradesh aims for 113 million tonnes of iron ore production annually.
- A new policy will address processing low-grade magnetite ore and expedite mining approvals.

**Companies:** ArcelorMittal, JSW
**Countries:** India

[Read the full story on The New Indian Express](https://www.newindianexpress.com/states/andhra-pradesh/2026/May/06/andhra-mining-department-earns-rs-3416-crore-revenue-sets-rs-4650-crore-target-for-fy-2026-27)

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