NMDC iron ore output grows 37% in August; sales up 25%
State-owned NMDC posted a 37.5 per cent jump in iron ore production at 3.41 million tonnes (MT) in August 2023. The miner had produced 2.48 MT of iron ore in the same month last year.
State-owned NMDC on Friday posted a 37.5 per cent jump in iron ore production at 3.41 million tonnes (MT) in August 2023. The miner had produced 2.48 MT of iron ore in the same month last year.
During August, the company's sales also rose by 25 per cent to 3.54 MT from 2.83 MT in August 2022.
The company in April-August period of the ongoing FY24 has produced 16.56 MT iron ore, 23 per cent higher over 13.45 MT in the year-ago period.
Also Read: Emirates Global Aluminium's first-half profit slides 66%
Sales during this period also rose to 17.43 MT from 13.44 MT in April-August FY23, posting a rise of 29 per cent.
NMDC, under the Ministry of Steel, is India's largest iron ore mining company catering to the country's 20 per cent need for the key steel-making raw material.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.