NMDC's iron ore production goes up by 10% in Sep 2023 Representative Image
News Updates

NMDC's iron ore production goes up by 10% in Sep 2023

NMDC Limited on Tuesday posted a 9.8 percent rise in iron ore production at 3 million tonnes (MT) in September

PTI

New Delhi: Navrtana Steel Mining PSU NMDC Limited on Tuesday posted a 9.8 percent rise in iron ore production at 3 million tonnes (MT) in September 2023.

The company's iron ore output in September last year was 2.73 MT, NMDC said in a regulatory filing.

The production and sales figures are provisional.

Sales of the state-owned company also increased to 3.11 MT in September, over 2.91 MT in the year-ago period.

The company's iron ore production in the April-September period also increased to 19.56 MT, as against 16.18 MT in the corresponding period of the previous fiscal.

The sales of NMDC in the first six months of the current fiscal also increased to 20.53 MT, over 16.36 MT in the year-ago period.

NMDC is the country's largest producer of iron ore.

Since inception, the corporation under the administrative control of the Ministry of Steel, has been involved in the exploration of a wide range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands amongst others in some of the most remote corners of the country.

(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.)

IEW 2026: India to expand crude, LNG and LPG trade with US as energy ties deepen: Puri

Stock markets tank in early trade after 3-day rally

$4-trn climate finance gap, bond markets key to funding long-gestation energy projects: Economic Survey 2026

JSW Energy to start construction of first nuclear power plant in 3–4 years

EU banks can open 15 branches over four years under FTA with India