Jun 02: India’s mining major National Mineral Development Corporation (NMDC), under the Ministry of Steel, is continuing on the growth trajectory, producing 3.2 Million Tonnes (MnT) and selling 2.65 MnT in the second month of FY23.
Iron ore production in May 2022 was 14.3% higher than the 2.8 Million Tonnes (MnT )produced in May 2021. NMDC’s cumulative production up to May 2022 stood at 6.35 (Million Tonnes) MnT, a 7.4% growth from the cumulative production of 5.91 (Million Tonnes )MnT up to May 2021. The largest iron ore producer of India sold 5.77( Million Tonnes ) of MnT in FY23, up to May 2022 this fiscal.
Congratulating his team on this performance, Shri Sumit Deb, CMD, NMDC said, “Our consistent growth in production has not only made NMDC the fastest-growing Iron Ore Mining Company in India but also the most consistent supplier to the domestic steel sector. We have strengthened our core by welcoming a fleet of new-age technology and digital interventions to our business.”
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