State-owned NMDC reported a major improve in its consolidated web revenue for the December quarter, rising by 62 per cent to Rs 1,469.73 crore in comparison with Rs 903.89 crore in the identical interval final yr. This development was primarily pushed by greater earnings.
The firm’s whole earnings noticed a considerable surge, reaching Rs 5,746.47 crore, up from Rs 3,924.75 crore a yr in the past. However, bills additionally elevated to Rs 3,516.78 crore in the third quarter of the present fiscal, in comparison with Rs 2,693.01 crore in the corresponding interval final yr.
NMDC, which operates below the Ministry of Steel, is India’s largest iron ore mining firm, supplying roughly 20 p.c of the nation’s demand for this significant steel-making uncooked materials.
In addition to its monetary efficiency, the corporate’s board has accepted an interim dividend of Rs 5.75 per fairness share for the fiscal yr 2023-24. The report date for figuring out shareholders eligible for the dividend has been set as February 27.
(With PTI inputs)
