NMDC’s iron ore output rises 24%, sales jump 26% in December

NMDC CMD (extra cost) Amitava Mukherjee
| Photo Credit: Special association

India’s largest iron ore producer NMDC reported December output elevated 24% year-on-year to 4.48 million tonnes (MT) and sales greater than 26% at 4.19 MT.

It was the corporate’s greatest ever manufacturing and sales in December. For the third quarter of the fiscal, manufacturing at 12.22 MT and sales at 11.42 MT elevated 15% and 19% respectively.

For the 9 months, ended December, manufacturing at 31.79 MT (26.93 MT) was a rise of 18%, whereas sales at 31.97 MT (25.80 MT) rose nearly 24%. “With highest ever cumulative production and sales up to December, NMDC has entered the fourth quarter of FY24 on a strong momentum,” the corporate stated on Monday.

The efficiency stems from NMDC’s strategic funding in constructing enough capacities and strong infrastructure to cater to the rising home demand. Entering 2024 with an distinctive Q3 boosts our confidence in reaching the manufacturing and sales targets for the fiscal,” CMD (extra cost) Amitava Mukherjee stated.