State-owned NMDC today posted a net profit of Rs 1,963.1 crore for the quarter ended September 30, 2011, up 42% over same period last fiscal.
Total income has increased to Rs 3,565.2 crore for the quarter from Rs 2,705.9 crore for the quarter ended September 30, 2010.
The board which met here today declared an interim dividend of Re 1 for equity share for the fiscal.
While revenues from the sales of iron ore stood at Rs 3,053 crore, other minerals and services contributed Rs 21.21 crore.
The board said that the process had been initiated to sell the plant and machinery of Silica Sand project of Lalapur and UPFO plant Visakhapatnam.
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