PSU NEWS
SAIL RMD Mines clock highest ever iron ore production and despatch in FY 19-20
New Delhi: Surpassing previous records Mines of SAIL Raw Materials Division (RMD) produced 22.47 MT of iron ore in FY 2019-20 notching a growth of 4.7% over CPLY. The mines also recorded all time best iron ore despatch of 22.37 MT notching a growth of 7% over CPLY. RMD also scored best ever iron ore lump production of 7.50 MT clocking a growth of 1.7% over CPLY. It is the best ever performance since inception.
Individually SAIL-RMD’s Bolani and Taldih iron ore mines recorded highest ever annual production of 5.926 MT and 0.984 MT respectively. Both the mines also clocked best ever despatch of 5.689 MT and 0.974MT respectively.
RMD iron ore mines, which are located in Jharkhand and Odisha, meet 100% iron ore demand of SAIL Steel Plant in eastern part of the country. In addition to that, RMD supplement iron ore fines requirement of Bhilai steel plant in Chhattisgarh. Mines under Bhilai Steel Plant produced and despatched respectively 6.79 MT and 7.06 MT of iron ore. In total SAIL ramped up iron ore production and dispatch to 29.26 MT and 29.43 MT notching growth of 3.2% and 5 % respectively.
Selling of iron ore fines from SAIL mines has also been initiated to augment the country’s steel production, as the iron ore demand in the market is soaring.
RMD’s Limestone production and despatch shot up to 1.24 MT and 1.25 MT respectively.
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- 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