NMDC Spectacular Performance in 2017-18 Best ever Physical Performance

Hyderabad: NMDC for the year 2017-18 has registered a growth of 5% in production and 1% in sales of iron ore over the corresponding period last year (2016-17). NMDC has produced 35.58 million tonnes and sold 36.07 million tonnes of iron ore during 2017-18 against the production of 34.01 million tonnes and sales of 

35.62 million tonnes in the corresponding period last year.

 

NMDC has posted a turnover of Rs.11,615 Cr, representing an increase of 32% in turnover of CPLY. NMDC has recorded profit before tax (PBT) of Rs.6,179 Cr and profit after tax (PAT) of Rs.3,806 Cr in which is up by around 44% & 47% respectively over CPLY.

 

The 4th quarter results for 2017-18 were approved by the Board of Directors of the Company under the Chairmanship of Shri N. Baijendra Kumar, IAS in its meeting held on 28.05.2018.

 

Congratulating all the employees and Board Members Shri Kumar said that their inspired efforts during NMDC’s Diamond Jubilee Year would infuse a level of confidence among stakeholders and he also emphasized on NMDC’s belief in triple bottom line principle of people, planet and profit through the deliberate inclusion of public interest into its corporate decision making.