NMDC records best-ever November performance

New Delhi: National Mineral Development Corporation Limited (NMDC), a Navratna PSU under the Ministry of Steel with iron ore production of 3.34 MT in November 2021 has achieved the highest ever for any November month since inception and sales is 2.88 MT in November 2021.

Cumulative production and sale figures for the first eight months of the FY22 up to November 2021 stood at 24.37 MT and 24.96 MT respectively – the best ever performance up to November for any year. The company achieved a growth of 36 percent in production and 33 percent in sales over the corresponding period of last year (CPLY).

Congratulating the NMDC team for yet another impressive performance, NMDC Chairman & Managing Director (CMD) Sumit Deb said, "The latest GDP growth figures suggest a firm recovery of the economy and that is very reassuring although NMDC is already moving forward on its path to doubling production in the next five years. The need of the hour for all of us is to ensure the lessons we've learnt through these last two years and better protect ourselves and our operations."

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