NMDC CMD (extra cost) Amitava Mukherjee
| Photo Credit: Arrangement
India’s largest iron ore producer NMDC reported consolidated web revenue elevated almost 13% in the June quarter to ₹1,661.04 crore in comparison with ₹1,471.24 crore in the year-earlier interval on the again of report manufacturing and gross sales.
The greater web revenue got here on a greater than 13% increase in the income from operations at ₹5,394.66 crore (₹4,767.07 crore). During the quarter, the corporate produced 10.7 million tonnes and bought 10.98 MT of iron ore, an increase of 20% and 41% respectively over the year-earlier interval. This was highest-ever Q1 manufacturing and gross sales since inception, the corporate mentioned.
“Our investments in process efficiency and digital planning have led to these path-breaking results and we are driven to outperform ourselves each quarter. We aspire to achieve a production of 50 MT in FY24,” CMD (extra cost) Amitava Mukherjee mentioned.
On a standalone foundation, NMDC’s web revenue elevated 12% to ₹1,649.91 crore (₹1,473.03 crore), whereas income from operations at ₹5,394.66 crore (₹4,767.07 crore) rose greater than 13%.
“With the Government of India’s impetus to infrastructure and an increase in the demand for iron ore, NMDC continues to build mineral accountability with a consistent supply of iron ore for the nation,” Mr. Mukherjee mentioned in a launch. On BSE, the corporate’s shares closed unchanged at ₹113.70 on Friday.
