Tuesday, Jul 7 2020 | Time 16:51 Hrs(IST)
  • Bihar polls: RJD urges EC to withdraw recent changes in electoral process
  • Karnataka: MCC employee tests +ve, office sealed, Commissioner put under home quarantine
  • Adaptability is the key for Windies to English conditions: Brian Lara
  • nCoV: UP records highest ever single-day spike of 1,346 cases; tally nears 30k
  • Nation safe in hands of PM Modi: Himachal CM
  • Manipal Global, CENTA launch Teacher Training, School Leadership Programmes
  • Manipal Global, CENTA launch Teacher Training, School Leadership Programmes
  • LeT associate arrested, ammunition recovered in Baramulla
  • Bangladesh: 55 more die of COVID-19; 3,027 fresh cases surface
  • HP CM launches developmental projects worth Rs 45 cr
  • Sathankulam custodial deaths : Centre notifies CBI probe, SHRC seeks report on FoP
  • Was criticised for basing SMC Sanitisation on premise that COVID-19 could be airborne: Mattu
  • Special Brahmaputra Mail on electric traction up to New Jalpaiguri
  • EU Comm revises Euro area GDP loss in 2020 up to 8 7 pc
  • Lil'Goodness launches 'HEARTY' - fresh meals for those with medical needs
Business Economy

NMDC Q1 net profit up 21 pc

NMDC Q1 net profit up 21 pc

Hyderabad, Aug 13 (UNI) State-owned miner National Mineral Development Corporation (NMDC) on Tuesday reported a net profit of Rs 1,179 crore for the quarter ended June 30,2019, up 21 per cent from Rs 975 crore during the corresponding period last year.

The sales turnover during the quarter too increased 35 per cent to Rs 3,264 crore against Rs 2,422 crore during the corresponding period last year.

Iron ore production also up by 21 per cent to 8.43 MT, during the quarter against 6.98 MT last year.

Similarly, iron ore sales has also increased from 6.78 MT in Q1 of 2018-19 to 8.67 MT in Q1 of 2019-20, witnessing a growth of 28 per cent.

In a statement , NMDC Chairman and Managing Director, N Baijendra Kumar, said it is a proud moment for the company to excel and create new bench marks both in physical and financial performances despite of closure of Donimalai Mine in Karnataka and challenges at Bailadila Complex in Chhattisgarh.

He also expressed that with the kind of hard-work and commitment demonstrated by the employees, NMDC would surely surpass its targets for FY 20.

These are the best-ever performance since inception for Q1 (excluding Donimalai which was non-operational in Q1 FY 20).

In absolute terms, this is the best result in last 5 years and if revenues from Donimalai are excluded, this is the best-ever turnover for Q1 since inception.


More News

KSUM to conduct Reverse Pitch prog from Jul 8

07 Jul 2020 | 4:46 PM

Thiruvananthapuram, Jul 7 (UNI) Kerala Startup Mission (KSUM) will conduct its Reverse Pitch programme, seeking to line up startups to provide technical support to industries to modernize their enterprises and scale up marketing, from Wednesday.

see more..

Bajaj Finance up by 7 69 per cent to Rs 3348

07 Jul 2020 | 4:45 PM

Mumbai, Jul 7 (UNI) Bajaj Finance on Tuesday rallied by 7.69 per cent to Rs 3348 a major gainer
in 30 scrips of BSE.

see more..

Sensex ends strong at 36,674 52; up by 187 24 points

07 Jul 2020 | 4:25 PM

Mumbai, Jul 7 (UNI) The benchmark index of Bombay Stock Exchange on Tuesday advanced by 187.24 points at 36,674.52 following gains in IT, Finance, Bankex and Technology stocks.

see more..

Lil'Goodness launches 'HEARTY' - fresh meals for those with medical needs

07 Jul 2020 | 3:57 PM

Bangalore, Jul 7(UNI) The Lil'Goodness, a Bangalore-based kids food and nutrition tech enterprise that is revolutionising the kids fresh and packaged foods industry, has now introduced 'Hearty' – an initiative to provide immunity based nutritious meals filled with vitamins and minerals for those with medical needs across age groups at the convenience of their doorsteps.

see more..

Dinosaur Train Records 500 Million Viewers on Chinas IPTV Platforms

07 Jul 2020 | 3:36 PM

SINGAPORE, July 7, 2020 /PRNewswire/ -- Dinosaur Train, a highly celebrated, Emmy Nominated Children's animated series, is co-produced and co-invested by Sparky Animation and The Jim Henson Company. The series has hit a remarkable current feat of 500 million viewers in China alone in just 6 months, since airing in November 2019. These total views are collectively from Chinese IPTV digital platforms in China, namely CIBN Cool Meow Film and Television, Tian Mao Magic Box, Youku, Toutiao, Watermelon Video and Wasu Fresh Time.

see more..