State-owned iron ore miner NMDC reported an virtually 18% enhance in manufacturing to 4.62 million tonne (MT) for February from the three.92 MT a yr earlier. Sales was flat at 3.98 MT (3.99 MT).
It was the best output to this point in February. The 18% increase is reflective of a robust operational momentum. “Consistent growth like this is an outcome of an efficient mining ecosystem driven by an innovative and ingenious spirit… our team is relentless in its pursuit of crossing new milestones in FY25,” CMD (extra cost) Amitava Mukherjee stated.
The upcoming monetary yr is lined up with decided growth and new alternatives, he stated in a launch on Saturday. NMDC has dedicated to construct a 100 MT iron ore mining capability by 2030 and in the direction of this introduced a ₹70,000 crore capital expenditure plan just lately.
For the 11 months ended February, manufacturing of the important thing uncooked materials for metal by India’s largest iron ore miner was a tad greater at 40.49 MT (40.24 MT), whereas sales was decrease at 40.20 MT (40.48 MT).
Published – March 01, 2025 09:21 pm IST
