NMDC Best Ever Production Upto Nov 23

by Psu Connect
Date: 02-12-23

With these figures, the company recorded a 6% growth in production and 24.7% upswing in sales over CPLY.

Hyderabad: Mining giant NMDC delivers its best ever November month performance in company history, producing 3.83 MnT and selling 3.79 MnT of iron ore in November 2023. With these figures, the company recorded a 6% growth in production and 24.7% upswing in sales over CPLY.

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Continuing to deliver exceptional volumes, NMDC’s cumulative iron ore production has now touched 27.31 MnT and cumulative sales stand at 27.78 MnT upto November 2023. A stellar growth year for NMDC, this is the company’s highest ever cumulative production and sales up to November 2023. Over CPLY, the cumulative production is 17.11% higher while sales have grown by 23.55%.

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Speaking on NMDC’s booming volumes, Shri Amitava Mukherjee, CMD (Additional Charge) said, “NMDC’s performances month after month signal a future where the company stands at the forefront of transformation in the mining sector. We are targeting not only a volume shift but preparing for a paradigm shift in how we conduct business to go from owning 1/6th to more than a quarter of the domestic market share by 2030.”

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