NMDC registers best-ever October performance

New Delhi: NMDC Limited on Saturday said that it has registered its best-ever October performance since inception. The company's impressive production of 4.07 million tonnes (MT) and sales of 4.03 MT of iron ore surpassed previous October records, marking a 3.8 percent increase in production and 17.15 percent growth in sales compared to the corresponding period last year.

PSU Watch is now on Whatsapp Channels. Click here to join

This remarkable achievement brings NMDC's cumulative figures for FY25 to 21.55 MT for production and 23.84 MT for sales, underscoring its commitment to meeting the country's growing demands for iron ore.

NMDC CMD (Additional Charge) Amitava Mukherjee attributed NMDC's remarkable performance to the unwavering commitment and said, "These record-breaking figures with 3.8 percent growth in production and 17.15 percent growth in sales demonstrate the success of our strategic decisions, technology advancements, and long-term focus. We continuously assess our performance, and with this momentum, we're confident of surpassing our best this fiscal."

The growth in production volumes are achieved through meticulous mine planning while the impressive sales figures are driven by increased demand and consistent offtake by customers.

NMDC's focus on enhancing production capacity, ensuring reliable iron ore supply, and adopting environmentally sustainable practices reinforces its dedication to responsible mining. The corporation remains steadfast in contributing to India's mining sector growth, aligning with its mission to foster a robust future for the industry.

(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.)