Hyderabad, 11 August 2023: NMDC, India’s largest producer of iron ore announced its best ever Q1 performance in company history today.
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In Q1 FY24, the company produced 10.7 million tonnes and sold 10.98 million tonnes of iron ore. With a 20% increase in production and 41% increase in sales figures over CPLY, NMDC has surpassed its previous records to deliver its highest-ever Q1 production and sales since inception.
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Commenting on the company’s performance, Shri Amitava Mukherjee, CMD (Additional Charge) said, “With the Government of India’s impetus to infrastructure and an increase in the demand for iron ore, NMDC continues to build mineral accountability with a consistent supply of iron ore for the nation. Our investments in process efficiency and digital planning have led to these path-breaking results and we are driven to outperform ourselves each quarter. Propelled by of this powerful performance, we aspire to achieve a production of 50 MnT by the end of FY24.”
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