NMDC iron ore output grows by 19% in April to October 2023 Representative Image
News Updates

NMDC iron ore output grows by 19% in April to October 2023

NMDC posted a 19 percent rise in iron ore production for the April-October period of the ongoing fiscal year

PTI

New Delhi: NMDC Limited on Wednesday posted a 19 percent rise in iron ore production for the April-October period of the ongoing fiscal year.

It produced 19.71 MT iron ore in the year-ago period, NMDC said in a regulatory filing.

The sales also rose to 23.99 MT, up 23.40 per cent from 19.44 MT in the same period a year ago.

In October alone, the company produced 3.92 MT iron ore, higher than the 3.53 MT in the same month last year.

The sale of iron ore in October was at 3.44 MT, up from 3.09 MT a year ago.

Under the Ministry of Steel, Hyderabad-based NMDC is India's largest iron ore producing entity, contributing to around 20 per cent of the country's demand.

(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.)

Regulatory clash brews as IOC officers, unions resist PNGRB’s open-access push for petroleum pipelines

HUDCO to provide Rs 1 lakh crore support for urban development projects in MP

RITES secures Rs 46.82 crore turnkey contract for college infrastructure projects in Karnataka

THDCIL’s HRD Centre recognised as ‘Centre of Excellence’ by SHRM India

NHAI to bid out 124 road projects worth Rs 3.4 lakh crore in FY26