Hyderabad: National Mineral Development Corporation (NMDC), a public sector enterprise under Ministry of Steel, continues to outperform itself with iron ore production of 3.33MT and sales of 3.58 MT in October.
The mining major registered a growth of 37 per cent in production, the highest ever in any October month since inception and a rise of 42 per cent in iron ore sales over the CPLY on the back of strong domestic demand, said the company in a statement.
The cumulative production and sale figures for the first seven months of FY22, up to October 2021 stood at 21.04 MT and 22.08 MT respectively, recording the best ever performance for any October month. The company achieved a 43 per cent increase in production, which includes the 0.5 MT produced from Donimalai this October, and 43 per cent in sales over the same period last year.
Congratulating the NMDC team for yet another impressive performance, CMD Sumit Deb said: “As India’s largest iron ore producer, NMDC’s performance is an indication of the prevailing positive market sentiment of the mining and manufacturing sector.”
“We have more than one reason to celebrate the festive month of October. I would like to congratulate the team on yet another excellent month and wish everyone on behalf of the NMDC family happy festivities,” said Deb. /BI/
