PSU Watch logo

| EV owners can now charge vehicles using existing electricity connections |   | ICRA suggests long-term finance at low rates for power, renewables in Budget |   | GAIL’s Director (Marketing) ES Ranganathan arrested by CBI in corruption case |   | CAIT urges Centre to exempt GST registration for e-commerce sales |   | Indian Oil to invest Rs 7,000 cr in city gas distribution projects |  

NMDC records best-ever December month and 9 months physical performance

NMDC Limited has produced 3.95 million tonnes (MT) and sold 3.40 MT of iron ore in the month of December 2021
NMDC records best ever December month and 9 months physical performance
NMDC records best ever December month and 9 months physical performance

New Delhi/Hyderabad: NMDC Limited on a steady growth trajectory, has produced 3.95 million tonnes (MT) and sold 3.40 MT of iron ore in the month of December 2021. The largest iron ore producer of India registered marginal growth in production over the corresponding period of last year (CPLY) and delivered the highest ever production in any December month since its inception.

Cumulative production and sales figures for the first nine months of FY 2021-22, upto December 2021, stood at 28.32 MT and 28.36 MT respectively, recording the best ever nine months physical performance of NMDC. The company achieved a growth of 30 percent in production and 27 percent in sales over the same period last year.

ALSO READ

Congratulating the NMDC team for yet this impressive performance, NMDC CMD Sumit Deb said, “I would like to congratulate the team for continuing to deliver solid results at the start of an exciting year. In 2022 with the completion of several of our projects you will see NMDC transition into a very different company with stronger fundamentals and exciting, cutting edge mining technologies.”

(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.)