India's iron ore production rises 4% in Apr-Oct Image for representation (Iron Ore)
News Updates

India's iron ore production rises 4% in Apr-Oct

Iron ore production in the country rose 4.1 percent to 158.4 million tonnes (MT) in the April-October period of the ongoing fiscal year

PTI

New Delhi: Iron ore production in the country rose 4.1 percent to 158.4 million tonnes (MT) in the April-October period of the ongoing fiscal year, the government said on Thursday.

As per provisional data, iron ore production was 152.1 MT in the year-ago period.

PSU Watch is now on Whatsapp Channels. Click here to join

Continued growth in production of iron ore in the current financial year shows the robust demand conditions in the user industry.

Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery.

Production of manganese ore rose 11.1 percent to 2 MT in the April-October period of the ongoing fiscal year from 1.8 MT during the corresponding period last year.

Production of bauxite rose 11.3 percent to 13.8 MT in the April-October period from 12.4 MT in the year-ago period, the mines ministry said in a statement.

In the non-ferrous metal sector, primary aluminium production grew 1.2 percent to 24.46 lakh tonne (LT) during the period under review from 24.17 LT a year ago, it said.

During the same period, refined copper production grew 6 percent to 3 LT from 2.83 LT.

India is the second largest aluminium producer, among top-10 producers in refined copper and the fourth largest iron ore producer in the world.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

IRFC signs tripartite MoU for outer harbour development at Tuticorin Port

BEML commissions robotic welding cell, HMV axle assembly shop at KGF

BCCL posts Rs 22.8 crore loss in Q3

NMDC Q3 net profit falls to Rs 1,747 crore

GRSE launches double-lane modular steel bridge in record time for KMDA