NMDC iron ore output grows 17% in Apr-Nov; sales rise 23% Representative Image
News Updates

NMDC iron ore output grows 17% in Apr-Nov; sales rise 23%

NMDC on Friday reported over 17 percent growth in iron ore production to 27.31 million tonnes (MT) for April-November 2023

PSU Watch Bureau

New Delhi: State-owned NMDC Limited on Friday reported over 17 percent growth in iron ore production to 27.31 million tonnes (MT) for April-November 2023.

NMDC produced 23.32 MT of iron ore during the first eight-month period of 2023, the company said in an exchange filing.

Public Sector's voice PSU Watch is now on Whatsapp Channels. Click here to join

Its sales rose to 27.78 MT from 22.49 MT in the year-ago period, registering a 23.52 percent rise.

In November, the production was 3.83 MT against 3.61 MT in the same month last year.

The company's sales rose to 3.79 MT from 3.04 MT in November 2022.

Hyderabad-based NMDC, under the Ministry of Steel, contributes over 17-20 percent to India's total iron ore production.

(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.)

India’s nuclear roadmap banks on 50 GW PHWR fleet to anchor 100 GW target for 2047

DGCA issues draft duty and rest period norms for cabin crew

Sagar Appasaheb Mudhole set to be next Director (Finance) of MIL

S Usha going to be next Director (Market Operation) of Grid-India

PM Modi lays foundation stone for Power Grid’s Rs 2,886 crore transmission system in Andhra