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02 Apr
08:13

NMDC production, deliveries surge in fiscal year 2022

NMDC’s iron ore production grew 23% on-year to 42.15 million tonnes in the fiscal year ended 31 March 2022 (FY22), against 34.15mt produced a year earlier. Deliveries surged 22% to 40.7mt in FY22 against 33.25mt in FY21, Kallanish notes. As the government of India seeks to ramp up domestic per capita steel consumption, “NMDC will take on an enhanced role to strengthen raw material supply and give impetus to self-reliance in the sector”, says NMDC…
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