NMDC iron ore production rises 20 percent in May, sales go down

New Delhi: State-owned iron ore producer working under the aegies of ministry of steel, NMDC has said that its production increased by 19.9 percent to 5.31 million tonnes (MT) in May.

The production was 4.43 MT in the year-ago period.

However, the company's sales during the last month dropped by 6.9 percent to 4.04 MT, from 4.34 MT in the year-ago period, according to provisional figures of NMDC.

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In Chhattisgarh, the production increased to 3.99 MT from 3.06 MT. Sales in the state rose to 3.34 MT as compared to 3 MT recorded in the year-ago period.

In Karnataka, the production dropped to 1.32 MT, from 1.37 MT recorded in May last year.

Sales in Karnataka also declined to 0.70 MT from 1.34 MT.

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On a cumulative basis, in April and May, production rose to 9.96 MT from 8.43 MT, while sales declined to 7.72 MT against 7.94 MT.

NMDC is India's largest producer of iron ore.

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