New Delhi: NMDC Limited on Thursday announced that it has produced 3.71 MnT and sold 3.62 MnT of iron ore in the second month (i.e. May) of FY 2022-23, recording the highest ever May month production and sales in company history.

Registering an upswing of 16 percent in production and 37 percent in sales over CPLY, NMDC has made a strong start to the fiscal. The country’s largest iron ore producer has achieved its best ever April and May performances since inception in FY 2023-24.

NMDC’s cumulative production and sales in FY 2023-24 witnessed a 13.7 percent and 22 percent growth respectively. In the first two months of the financial year, the company produced 7.22 MnT and sold 7.05 MnT iron ore.

Commenting on this performance, NMDC CMD (Additional Charge) Amitava Mukherjee said on Wednesday that “India’s volume of iron ore production has been predicted to grow by about 10 percent in FY 2023-24. As the largest contributor to this volume, NMDC has set the momentum right with record production and sales at the start of FY24. Our investment in new age tech and digitalization is paying rich dividends to the company and the industry.”

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