Aug 03: National Mineral Development Corporation (NMDC), a Navratna miner under the Ministry of Steel, has reported record-breaking production for the period up to July 2023. The National Miner has delivered record performances in FY24 so far and is paving the way towards becoming a 100 MT (Million Tonnes) mining company. NMDC is also gearing up to surpass its historic production of 40 MT for two fiscals in a row.
The company produced 13.15 million tonnes and sold 14.18 million tonnes of iron ore up to July 2023, showing a year-on-year growth of 20% and 33.5% in production and sales respectively. In July alone, the mining major produced 2.44 million tonnes and sold 3.03 million tonnes of iron ore, showing a month-on-month growth of 19% and 2.7% in production and sales respectively.Disclaimer: We donot claim that the images used as part of the news published are always owned by us. From time to time, we use images sourced as part of news or any related images or representations. Kindly take a look at our image usage policy on how we select the image that are used as part of the news.