Friday, May 13, 2022

NMDC reports production of 3.15 MT and sale of 3.12 MT of iron ore in April 2022

Must read

New Delhi: The state-owned NMDC Limited has reported production of 3.15 Million Tonnes (MT) and the sale of 3.12 MT of iron ore in the first month of the current financial year (FY 2020-23). The company continues to register growth in its physical performance. Iron ore production in April 2022 was 0.6 percent higher than that of April 2021 and sales during the month saw a growth of 0.9 percent over the corresponding period of last year (CLPY).

Deriving strength from the 42 MT produced in FY22, the mining major achieved the highest production for any April month in the company’s history.

Encouraging the team to keep up the spectacular performance, NMDC Limited’s CMD Sumit Deb said, “FY 2020-23 has started on the right note for us and is a reflection of our team’s hard work aligned with the company’s strategic posture. Our adoption of new technology and digital initiatives is strengthening our supply chain and making NMDC future-ready. Having achieved the target of 42 MT iron ore production, we are confident that NMDC will grow to become a 50 MT mining company in the near future.”

(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.)

- Advertisement -

More articles

- Advertisement -

Latest News