NMDC iron ore output rose 18%, sales 5.5% in November 

State-owned NMDC’s iron ore production stood at 4.51 million tonne (MT) in November, an increase of 17.75% from 3.83 MT a year earlier, while sales rose 5.5% to 4 MT of iron ore (3.79 MT).

This is best-ever November performance since inception and again demonstrated the company’s operational excellence, NMDC said on Monday.

Iron ore production for the eight months ended upto November, however, was lower year on year at 26.06 MT (27.31 MT). Sales was marginally higher at 27.84 MT (27.78 MT).

“Achieving the best-ever production and sales figures for November is a momentous achievement... reflection of the team’s steadfast dedication and rigorous efforts and the company’s commitment to driving growth and performance. We remain focused on sustainable growth and delivering value to our stakeholders,” Director (Finance) Amitava Mukherjee said.

The positive results achieved by NMDC this November are a testament to the meticulous planning, ideal pricing mechanisms and consistent off-take by customers. The dedicated efforts of the entire team have been pivotal in driving these impressive outcomes, ensuring the company’s operational efficiency and market responsiveness. The company is on track to meet its ambitious target of 50 MT this fiscal year, NMDC said in a release.