NMDC posts record 15 pc rise in iron ore production in April; sales grow 3 pc
State-owned
NMDC
has reported a 15 per cent rise in its iron ore production and 3 per cent growth in sales of the mineral in April. In a statement on Sunday, NMDC said it produced 4 million tonnes (MnT) iron ore in April, higher from 3.48 MnT in same month last year.
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NMDC sold 3.63 MnT iron ore last month, up from 3.53 MnT in April 2024.
NMDC CMD Amitava Mukherjee
said, "Our record-breaking April performance, coupled with best-ever despatch figures from our major iron ore mines -- Kirandul, Bacheli, and Donimalai -- with a growth of 12 per cent, 4 per cent and 88 per cent, respectively over CPLY solidifies our leadership position and sets a strong foundation for achieving our ambitious target of becoming 100 MT mining company by 2030."
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The company's pellet production soared to an all-time high of 0.23 lakh tonnes, surpassing the previous April record set in 2018.
Under the Ministry of Mines, NMDC is India's largest iron ore producing entity.
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Meanwhile,
NMDC Steel Limited
(NSL), a demerged entity from NMDC, said it has reported an 8.5 per cent month-on-month growth in its hot metal production to 2,30,111 tonnes in April compared from 2,11,978 tonnes produced in March.
NSL's 3-million tonne Nagar Steel Plant in Chattisgarh, which is termed as India's youngest steel unit, was set up at a cost of Rs 24,000 crore.
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