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NMDC Reports 0.6% Growth In Production While 0.9% Sales FY23

A CPSE under Ministry of Steel reported production of 3.15 MT and sale of 3.12 MT of iron ore in the first month of FY23.

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National Mineral Development Corporation Ltd (NMDC), country’s largest iron ore producer, a CPSE under Ministry of Steel reported production of 3.15 MT and sale of 3.12 MT of iron ore in the first month of FY23.

The company continues to register growth in its physical performance. Iron ore production in April 2022 was 0.6 per cent higher as compared with April 2021 and sales during the month saw a growth of 0.9 per cent over the CPLY. Deriving strength from the 42 MT produced in FY22, the mining major achieved the highest production for any April month in the company’s history.

Sumit Deb, CMD, NMDC said, “FY23 has started on the right note for us and is a reflection of our team’s hard work aligned with the company’s strategic posture. Our adoption of new technology and digital initiatives is strengthening our supply chain and making NMDC future ready. Having achieved the target of 42 MnT iron ore production, we are confident that NMDC will grow to become a 50 MnT mining company in the near future.”


Tags assigned to this article:
Iron Ore Production nmdc ltd ministry of steel