NMDC’s iron ore sales goes up by 10% during September 2020
NMDC records iron ore sale of 2.11 MT in September 2020 which is 10.50 percent higher than the corresponding month last financial year
NMDC has continued its steady growth both in production and sales over the corresponding period of last year (CLPY)
New Delhi: NMDC Limited, a Navratna PSU and the country's largest Iron Ore producing company under the Ministry of Steel has announced its financial performance for the September month. During the month the company has continued its steady growth both in production and sales over the corresponding period of last year (CLPY).
In a statement, NMDC said that the iron ore production for the month of September 2020 is 1.83 million tonnes (MT) has registered a growth of 11 percent against the production of 1.64 MT in September 2019.
Iron ore sales for the month of September 2020 is 2.11 MT has registered a growth of 10.50 percent against 1.91 MT in the month of September 2019.
For the quarter ended September 2020, Iron ore production is 5.63 MT against 5.29 MT in CPLY, registering a growth of 6.5 percent and sales is 6.50 MT against 5.83 MT in CPLY registering a growth of 11.5 percent.
The Bailadila Projects at Chhattisgarh has produced 1.32 MT in September 2020 as compared to last year's production of 1.05 MT of iron ore in the month of September 2019 and has registered growth of 26 percent in production. The total sales of iron ore from Bailadila projects in the month of September 2020 is 1.62 MT against 1.34 MT in September 2019, which is 21 percent higher.
NMDC Limited's Chairman & Managing Director (CMD) Sumit Deb expressed his happiness on the performance of NMDC. He commented ''Since June 2020 the company is on a growth trajectory and will definitely keep improving in the months to come. Though 2020 has been a challenging year, NMDC is consistently putting its best efforts to meet the demand of the domestic steel industry."
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