NMDC CMD (additional charge) Amitava Mukherjee
| Photo Credit: Special arrangement
India’s largest iron ore producer NMDC reported December output increased 24% year-on-year to 4.48 million tonnes (MT) and sales more than 26% at 4.19 MT.
It was the company’s best ever production and sales in December. For the third quarter of the fiscal, production at 12.22 MT and sales at 11.42 MT increased 15% and 19% respectively.
For the nine months, ended December, production at 31.79 MT (26.93 MT) was an increase of 18%, while sales at 31.97 MT (25.80 MT) rose almost 24%. “With highest ever cumulative production and sales up to December, NMDC has entered the fourth quarter of FY24 on a strong momentum,” the company said on Monday.
The performance stems from NMDC’s strategic investment in building sufficient capacities and robust infrastructure to cater to the growing domestic demand. Entering 2024 with an exceptional Q3 boosts our confidence in achieving the production and sales targets for the fiscal,” CMD (additional charge) Amitava Mukherjee said.