Hyderabad, 1 July 2023:
State Miner NMDC produced 3.48 MnT and sold 4.1 MnT of
iron ore in the third month of FY24, recording the highest ever June month and
Q1 production and sales in company history.
Registering an upswing of 35% in production over MoM, Country’s largest iron ore
producer has achieved its best ever monthly production for April, May and June
performances since inception.
Registering an upswing of 115% in sales over MoM, NMDC has achieved its best ever
monthly sales for any June since inception.
NMDC’s cumulative production and sales in Q1 of FY24 witnessed a 20% and 45%
growth respectively. In the first quarter of the financial year, the company produced
10.70 MnT and sold 11.15 MnT iron ore with an ever best Q1 physical performance.
Commenting on NMDC’s outstanding performance, Shri Amitava Mukherjee, CMD
(Addl. Charge) said, “NMDC’s contribution to the country’s economy continues to make
massive headway in meeting the increase in the demand for iron ore. Our record of
highest ever Q1 and June production and sales since inception resonates with our agile
and diligent investments in mine planning, expansion and very efficient human assets.”
