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 : BHEL's Central Procurement Cell organised a business associates meetNMDC’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 : Ministerial Round Table Conference at WEC 2024As 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 : REC Limited avails SACE-Covered Green Loan for 60.5 Billion Japanese YenNews Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24