NMDC creates new history in production & sales in Feb 2021

New Delhi: State-run NMDC Limited on Tuesday said that it has witnessed spectacular growth during the month of February 2021 in both production and sales performance over the corresponding period of last year (CPLY). "The iron ore production for the month of February 2021 stands at 3.86 MT as against the 3.24 MT of ore mined in the corresponding month in February 2020 and registered a growth of 19 percent over the same period of last year" NMDC said in an official statement issued Tuesday.

Sales during the period of February 2021 increased by 12 percent at 3.25 MT as against the 2.91 MT done in the month of February 2020. The Bailadila Projects at Chhattisgarh has produced 3.15 MT in February 2021 as compared to last year’s production of 2.93 MT in the month of February and registered a growth of 8 percent in production.

The total sales of iron ore from Bailadila projects in the month of February 2021 are 2.62 MT against 2.42 MT in February 2020, which is 8 percent higher than the previous year.

ALSO READ: NMDC sets new production records in January 2021

Speaking about the production and sales numbers of February 2021, NMDC CMD Sumit Deb commented, “These production and sales figures definitely display NMDC’s strong character to bounce back in spite of operational challenges. This achievement is possible only due to the hard work and commitment demonstrated by the employees. We foresee a gradual rise in numbers and will continue to set new records.”

NMDC has recently restarted the operations at Donimalai mines. The mines have a capacity to produce a minimum of 0.5 MT of iron ore per month and the overall performance of the company will be further enhanced with the resumption of operations in Donimalai.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)