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Business Economy


NMDC registers growth of 11 pc in iron ore production in September 2020

Hyderabad, Oct 8 (UNI) Public sector mining major, National Mineral Development Corporation (NMDC) has registered a growth of 11 per cent in iron ore production and 10.50 per cent in sales of iron ore in September this year as against the corresponding period in the previous year.
NMDC produced 1.83 MT (Million Tonnes) and sold 2.11 million tonnes of iron ore in September, 2020 as against the production of 1.64 million tonnes and sales of 1.91 million tonnes in the corresponding period last year, state run mining company said in a release here on Thursday.
For the quarter ended September 2020, Iron ore production is 5.63 MT as against 5.29 MT in corresponding period in last year (CPLY) , registering a growth of 6.5 per cent and sales is 6.50 MT as against 5.83 MT in CPLY registering a growth of 11.5 per cent.
The Bailadila Projects at Chhattisgarh has produced 1.32 MT in September 2020 as against 1.05 Million tonnes of iron ore production in the corresponding month in the previous year, registering a growth of 26 per cent in the production.
The total sales of iron ore from Bailadila projects in September is 1.62 MT as against 1.34 MT in September 2019, which is 21 per cent higher.
Expressing his happiness on the performance of the company, NMDC Chairman and Managing Director Sumit Deb commented ‘’Since June 2020 the company is on a growth trajectory and it will definitely keep improving in the months to come.
Though 2020 has been a challenging year, NMDC is consistently putting its best efforts to meet the demand of the domestic steel industry, he added.
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