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02 Nov
11:43

NMDC posts rise in iron ore output, sales

NMDC’s iron ore output surged 36% on-year to 3.33 million tonnes in October, against 2.44mt a year ago. The company’s sales rose 42% to 3.58mt, Kallanish notes. NMDC’s Chhattisgarh-based mine’s production grew 29% on-year to 2.34mt, against 1.82mt produced last year. Sales surged 18% to 2.41mt in October. Karnataka-based mine production rose 60% to 0.99mt and sales also grew 144% to 1.17mt. The firm’s cumulative production and sales …
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