NMDC iron ore output grows 13% in Apr-Feb; sales surge 21% 
News Updates

NMDC iron ore output grows 13% in Apr-Feb; sales surge 21%

NMDC Limited on Friday posted around 13 percent jump in iron ore production to 40.24 million tonne during the April-February period of 2023-24 fiscal

PSU Watch Bureau

New Delhi: NMDC Limited on Friday posted around 13 percent jump in iron ore production to 40.24 million tonne during the April-February period of the 2023-24 fiscal.

Its cumulative production was 35.62 MT in the year-ago period, the steel PSU said in an exchange filing.

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

However, the company's production in February fell 12 percent to 3.92 MT as against 4.48 MT in the same month last year.

The cumulative sales in April-February this fiscal was 40.48 MT, up 21 percent from 33.42 MT in the last financial year.

In February, the sales increased to 3.99 MT from 3.78 MT in February 2023, a rise of about 6 percent.

NMDC, under the Ministry of Steel, is the country's largest iron ore mining company that meets around 20 percent of the country's demand of key raw material for steel making.

(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.)

MOIL commences export of manganese ore as state trading enterprise

Stock markets surge in early trade on buying in IT counters after US Fed rate cut

Navy to buy underwater remotely operated vehicles from Odisha-based start-up

Varun Kumar Shukla set to be next CMD of Hindustan Salts Ltd

India's exports likely to grow 6 percent this year: Piyush Goyal