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NMDC registers best ever October month performance

NMDC has registered a growth of 37 percent in production, the highest ever in any October month since inception and a rise of 42 percent in iron ore sales over the CPLY on the back of strong domestic demand
NMDC registers best ever October month performance
NMDC registers best ever October month performance

New Delhi: NMDC Limited continues to outperform itself with iron ore production of 3.33 MT and sales of 3.58 MT in the month of October. The mining major registered a growth of 37 percent in production, the highest ever in any October month since inception and a rise of 42 percent in iron ore sales over the CPLY on the back of strong domestic demand.

Cumulative production and sale figures for the first seven months of FY 22, up to October 2021, stood at 21.04 MT and 22.08 MT respectively recording the best ever performance for any October month.

The company achieved a 43 percent increase in production, which includes the 0.5 MT produced from Donimalai this October, and 43 percent in sales over the same period last year.

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Congratulating the NMDC team for yet another impressive performance, NMDC CMD Sumit Deb said, “As India’s largest iron ore producer, NMDC’s performance is an indication of the prevailing positive market sentiment of the mining and manufacturing sector. We have more than one reason to celebrate the festive month of October.  I’d like to congratulate the team on yet another excellent month and wish everyone on behalf of the NMDC family happy festivities.”

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