NMDC reports 3.15 Million Tons production first month of FY 23
Deriving strength from the 42 MnT produced in FY22, the mining major achieved the highest production for any April month in the company’s history.
NMDC reports 3.15 Million Tons production first month of FY 23
The largest iron ore producer of the country, state-owned NMDC reported production of 3.15 Million Tonnes (MnT) and sale of 3.12 MnT of iron ore in the first month of FY23.
The company continues to register growth in its physical performance. Iron ore production in April 2022 was 0.6% higher than that of April 2021 and sales during the month saw a growth of 0.9% over the CPLY.
Deriving strength from the 42 MnT produced in FY22, the mining major achieved the highest production for any April month in the company’s history.
Encouraging the team to keep up the spectacular performance, Shri Sumit Deb, CMD, NMDC said, “FY23 has started on the right note for us and is a reflection of our team’s hard work aligned with the company’s strategic posture.
Our adoption of new technology and digital initiatives is strengthening our supply chain and making NMDC future ready. Having achieved the target of 42 MnT iron ore production, we are confident that NMDC will grow to become a 50 MnT mining company in the near future.”
Read Also : NPCI and Bank of Namibia collaborated to link UPI systemNews Must Read
- WAPCOS became second Indian PSU in ADB Consulting
- Power Grid appoints Satyaprakash Dash as CS and Compliance Officer
- GE Power received orders from two state-owned PSUs and one JV entity
- SAIL-RITES JV bags Rs 818 crore wagon order from Indian Railways
- BHEL enters into Strategic Partnership Agreement with HIMA for Railway Signalling Business
- SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)
- Nilendu Kumar Singh assumes charge of CMD, CCL
- IndianOil Q4 Results: Profit plunges 52% YoY to Rs 4,838 crore
- REC Limited declares financial results, records highest ever annual net profit
- NHPC Limited to collaborate with Norwegian company