Friday, June 24, 2022

NMDC achieves best-ever January month and 10-month physical performance

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New Delhi: The largest iron ore producer of India, NMDC Limited produced 4.56 MT and sold 4.24 MT of iron ore in the month of January 2022. The mining major registered a growth of 18.14 percent in production and 13.4 percent in sales over the corresponding period of last year (CPLY) and delivered the highest ever iron ore production and sales in any January month since inception. The sales achieved during the month of January 2022 is the highest ever in any month since the inception of mines.

Cumulative production and sales figures for the first ten months of FY22, up to January 2022, stood at 32.88 MT and 32.60 MT respectively. These figures registered the best ever 10 months physical performance of NMDC. The company achieved a growth of 28.14 percent in production and 25.34% in sales over the same period last year.

Congratulating the team for yet another impressive performance, NMDC Limited's CMD Sumit Deb said, “It has been a good beginning to a year that looks to be a very promising one given the Government’s continued focus and enhanced expenditure on infrastructure in the Union Budget 2022. India registered an 18 per cent growth in steel production in 2021, the Budget today provides a strong foundation for a continuation to this growth story.”

Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.

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