sales grew 22.2%; Company gives ‘best figures for February since launch’
sales grew 22.2%; Company gives ‘best figures for February since launch’
Mining major NMDC produced 4.31 million tonnes (MT) of iron ore in February and recorded sales of 3.97 MT.
Compared to 3.86 MT production and 3.25 MT sales a year ago, this was an increase of 11.7% and 22.2% respectively. The company said in a release on Tuesday that it had the best production and sales numbers for February.
“With a stellar performance this month, NMDC continues to be an iron and steel powerhouse and the credit for this success goes to all the stakeholders of the company. This strong performance underscores our commitment to remain on the growth trajectory,” said Chairman and Managing Director Sumit Deb.
India’s largest iron ore producer said production and sales in the first eleven months of the financial year stood at 37.18 MT and 36.57 MT respectively, up 26% and 25.5% over the same period last year.