NMDC's iron ore production up by 5.31% in H1 of FY14

PSU produced 12.24 million tonnes during the corresponding period last year

State-owned NMDC today said its Iron ore production for the half-year ended September 30, has gone up by 5.31% to 12.89 million tonnes.

The PSU produced 12.24 million tonnes (MT) during the corresponding period last year.

According to a filing with bourses, NMDC said that its overall ore sale has registered a growth of 8.09% during the first half of the fiscal to 13.75 MT against 12.72 MT during April-September of 2012-13.

While sale from Karnataka mine has gone up by 13.33% to 4.42 MT during the period under review, Chhattisgarh registered 5.78% growth to 9.33 MT, the miner said.

Similarly, production of ore from Karnataka has shown 9.90% growth at 4.44 MT, while the same from Chhattisgarh was at 8.45 MT registering a 3.05% growth during the first-half of last fiscal, it added.

NMDC shares were quoted at Rs 129.70 apiece on BSE at 12.40 pm.

The miner also said that its Board of Directors would meet on October 24 to announce the Un-Audited Financial Results of the Company for the quarter ended September 30, 2013 (Q2).