NMDC's iron ore output grows 13% in January-February 2022; sales up 17%

State-owned mining giant NMDC has produced 8.87 million tonnes (MT) of iron ore during January-February 2022, a year-on-year rise of about 13 per cent.

According to company data, NMDC had produced 7.72 MT of iron ore during the first two months of 2021.

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During the period under review, the country's largest iron ore miner saw its sales growing 17 per cent to 8.21 MT, from 6.99 MT in January-February 2021.

Hyderabad-headquartered NMDC, under the Ministry of Steel, is the country's largest iron ore mining company with mines in states including Karnataka and Chhattisgarh.

Iron ore is a key steel making raw material.

NMDC is also involved in the exploration of a wide range of minerals like copper, rock phosphate, limestone, dolomite and gypsum.

The company recently conducted an e-auction of an 8,337-carat rough diamond produced at its Panna diamond mines in Madhya Pradesh.