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NMDC logs record output, sales in FY'18

Press Trust of India  |  New Delhi 

Country's largest today said it has clocked record production and sales for 2017-18 at 35.50 MT and 36.1 MT, respectively.

The production rose 4.40 per cent from 34 million tonne (MT) in 2016-17.

The sales grew 1.40 per cent to 36.1 MT from 35.6 MT in the previous fiscal.

"Since the company's inception this is the highest sales and production," a said.

While in Chhattisgarh, the company produced 23.50 MT of in 2017-18, the production in was at 12 MT.

is the main ingredient used in making

Incorporated in 1958 as a fully government-owned public enterprise, is under the administrative control of

It is involved in exploration of wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.

Recently, the company entered a pact with (IREL) to explore opportunities in rare earth elements in the country and abroad.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 17:00 IST