NMDC iron ore production jumps 89% YoY in Aug
NMDC's iron order production surged 88.89% to 3.06 MT in August 2021 as against 1.62 MT in August 2020.
Meanwhile, iron ore sales aggregated to 2.91 MT in August 2021 as against 1.79 MT in August 2020, up 62.57% YoY.
NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka.
The company's consolidated net profit soared 500.14% to Rs 3,191.45 crore on 236.11% jump in revenue from operations to Rs 6,512.21 crore in Q1 June 2021 over Q1 June 2020.
The scrip shed 0.97% to end at Rs 152.40 on Wednesday.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Sep 01 2021 | 3:38 PM IST