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Economic Times
04-05-2025
- Business
- Economic Times
NMDC posts record 15% rise in iron ore production in April; sales grow 3%
NMDC saw a 15% increase in iron ore production in April. Sales also grew by 3%. Kirandul, Bacheli, and Donimalai mines showed strong performance. Pellet production reached a record high. NMDC aims to become a 100 MT mining company by 2030. NMDC Steel Limited reported growth in hot metal production. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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."The company's pellet production soared to an all-time high of 0.23 lakh tonnes, surpassing the previous April record set in the Ministry of Steel, NMDC is India's largest iron ore producing 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 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.
Time of India
04-05-2025
- Business
- Time of India
Iron ore output soars 15% for NMDC in April, pellet production sets new record
State-run mining major NMDC has recorded a 15 per cent increase in iron ore production and a 3 per cent rise in sales for the month of April. In a statement issued on Sunday, the company said it produced 4 million tonnes (MnT) of iron ore during April, up from 3.48 MnT in the same month last year. Sales for April stood at 3.63 MnT, compared to 3.53 MnT in April 2024, reflecting a growth of 3 per cent. Commenting on the performance, NMDC Chairman and Managing Director 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. ' The company also reported its highest-ever April pellet production at 0.23 lakh tonnes, surpassing the previous record set in 2018. NMDC, which functions under the Ministry of Mines, remains India's largest producer of iron ore. Meanwhile, NMDC Steel Limited (NSL), the demerged steel arm of NMDC, registered an 8.5 per cent month-on-month increase in hot metal output, producing 2,30,111 tonnes in April as against 2,11,978 tonnes in March. NSL operates the 3-million tonne Nagar Steel Plant in Chhattisgarh, established at a cost of Rs 24,000 crore. It is considered the youngest steel plant in India. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
