NMDC records 8% jump in iron ore production at 3.61 Mn tonnes in November

NMDC Limited on Friday reported eight per cent growth compared to the same month last year in iron ore production at 3.61 million tonnes and 5.5 per cent jump in sales at 3.04 million tonnes in Nov

iron ore
Photo: Bloomberg
Press Trust of India Hyderabad
1 min read Last Updated : Dec 02 2022 | 9:24 PM IST

NMDC Limited on Friday reported eight per cent growth compared to the same month last year in iron ore production at 3.61 million tonnes and 5.5 per cent jump in sales at 3.04 million tonnes in November.

NMDC's iron ore production for the period September-October-November, 2022 is recorded as the best ever production of these months in a row, in company history, a press release from the miner said.

Commenting on the company's thriving performance, Sumit Deb, CMD, NMDC, said with an upswing in the demand for steel, the company is in the path to escalate production and ensure a healthy supply of iron ore consistently.

The growth trajectory of our performance in the last three months has been exceptional and displays NMDC's commitment towards a self-sufficient nation by setting new benchmarks, Deb said.

With exceptional iron ore production in the last three months, the mining major is preparing to surpass all records in FY23, it further said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :NMDCIron Ore

First Published: Dec 02 2022 | 9:24 PM IST

Next Story