NMDC sees steady growth in iron ore production

Iron ore production was 1.83 MT (Million Tonnes) and has registered a growth of 11% against production of 1.64 MT last year

Hyderabad: NMDC, the country’s largest iron ore producing company during September saw a steady growth production and sales over the corresponding period last year. Iron ore production was 1.83 MT (Million Tonnes) and has registered a growth of 11% against production of 1.64 MT last year.

Iron ore sales for the month was 2.11 MT, a growth of 10.5% against 1.91 MT in September of 2019. For the quarter ended September 2020, Iron ore production was 5.63 MT against 5.29 MT last year, registering a growth of 6.5% and sales was 6.5 MT against 5.83 MT, registering a growth of 11.5%.

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The Bailadila Projects at Chhattisgarh has produced 1.32 MT in this September as compared to last year production of 1.05 MT of iron ore, registering growth of 26% in production. The total sales of iron ore from Bailadila projects in the month of September 2020 is 1.62 MT against 1.34 MT in September 2019, which is 21% higher.

Sumit Deb, CMD, NMDC, said: “Since June 2020 the company is on a growth trajectory and will keep improving in the months to come. Though 2020 has been challenging year, NMDC is
consistently putting its best efforts to meet the demand of the domestic steel industry.”

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