NMDC Records Best Ever May Month Performance; witnessed 13.7% and 22% growth in Fy24
State Miner NMDC produced 3.71 MnT and sold 3.62 MnT of iron ore in the second month of FY24, recording the highest-ever May month production and sales in company history.
NMDC Records Best Ever May Month Performance; witnessed 13.7% and 22% growth in Fy24
Hyderabad: State Miner NMDC produced 3.71 MnT and sold 3.62 MnT of iron ore in the second month of FY24, recording the highest-ever May month production and sales in company history.
Registering an upswing of 16% in production and 37% in sales over CPLY, NMDC has made a strong start to the fiscal. The country’s largest iron ore producer has achieved its best-ever April and May performances since its inception in FY24.
Read Also : SAIL DSP and EMD signs agreement with Sentra WorldNMDC’s cumulative production and sales in FY24 witnessed a 13.7% and 22% growth respectively. In the first two months of the financial year, the company produced 7.22 MnT and sold 7.05 MnT iron ore.
Commenting on this performance, Shri Amitava Mukherjee, CMD (Additional Charge) said on Wednesday that “India’s volume of iron ore production has been predicted to grow by about 10% in FY24.
Read Also : EIL and HRRL achieved another critical milestone at Rajasthan Refinery projectAs the largest contributor to this volume, NMDC has set the momentum right with record production and sales at the start of FY24. Our investment in new age tech and digitalization is paying rich dividends to the company and the industry.”
Read Also : Coal India organises workshop RTI ActNews Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC