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NMDC sells 16.55 million tonnes of iron ore in April-October period

The sales volume exceeded production on Chhattisgarh, but lagged in Karnataka

NMDC under pressure to cut iron ore prices for April
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T E Narasimhan Chennai
State-rum NMDC Ltd has said that it produced about  15.47 in million tonnes of iron ore between April and October, 2018 and sold 16.55 million tonnes, mainly from its Chhattisgarh mines.

The company sold less than it produced in Karnataka, while the offtake from Chhattisgarh was higher than production during the period.

NMDC has said production in Chhattisgarh was about 9.64 million tonnes (provisional) and sales stood at 11.72 million tonnes during the period. In Karnataka, production was 5.83 million tonnes and sales were 4.83 million tonne, as per revised information submitted by NMDC to the stock exchanges.

Production and sales till September