NMDC's Promising Start to FY25, Targets 50 Million Tonnes

by Psu Connect
Date: 02-05-24

While production matched upto to the corresponding period last year, the company achieved close to 3% growth in sales from April 2023.

NMDC's Promising Start to FY25, Targets 50 Million Tonnes

Hyderabad: National mining company, NMDC produced 3.48 million tonnes and sold 3.53 million tonnes of iron ore in the first month of FY25.

On the back of record 45 MT volumes in FY24, NMDC’s strong performance continued. While production matched upto to the corresponding period last year, the company achieved close to 3% growth in sales from April 2023.

NMDC’s Kirandul and Donimalai iron ore mining complexes delivered their best ever April month production, with 13.59 LT and 11.33 LT respectively. Production volumes were up by 7% in Kirandul and 12% in Donimalai over CPLY. The company’s Bacheli Complex dispatched 14.86 LT in April 2024, which is 12% more than April 2023 and its highest ever April month dispatch since inception.

Shri Amitava Mukherjee, CMD (Additional Charge) expressed his confidence in NMDC’s caliber to meet the country’s appetite for iron and steel. He said, “We are targeting north of 10% growth in our volumes in FY25 attuned to the growth trajectory of India’s iron ore output and demand. All our mining complexes have delivered a promising start and are geared up to harmonize with the new mining technologies, navigate sectoral challenges, and achieve 50 MT.”