New Delhi, May 5 (IANS) Public sector mining major NMDC has registered a robust 15 per cent rise in iron ore production in April to 4 million tonnes, from 3.48 million tonnes in the same month last year.
NMDC sold 3.63 million tonnes of iron ore during the month which represents a 3 per cent increase over the corresponding figure of 3.53 million tonnes in April 2024.
NMDC chairman and managing director Amitava Mukherjee said, “Our record-breaking April performance, coupled with best-ever despatch figures from our major iron ore mines — Kirandul, Bacheli, and Donimalai — with a growth of 12 per cent, 4 per cent and 88 per cent, respectively over the corresponding period last year, solidifies our leadership position and sets a strong foundation for achieving our ambitious target of becoming 100 million tonnes mining company by 2030.”
The pellet production at the country’s largest iron ore producer aslo surged to an all-time high of 0.23 lakh tonnes, surpassing the previous April record set in 2018.
Meanwhile, NMDC Steel Limited (NSL), a demerged entity from NMDC, has recorded an 8.5 per cent month-on-month growth in its hot metal production to 2,30,111 tonnes in April, compared to the corresponding figure of 2,11,978 tonnes for March.
NMDC Limited also set a new benchmark in FY 2024-25, achieving a total production of 44.04 million tonnes (MnT) and sales of 44.4 MnT. The company also recorded its best-ever Q4 sales, reaching 12.66 MnT, the highest since its inception.
Strengthening its expansion plans, NMDC registered a record standalone capital expenditure (CAPEX) of Rs 3,707 crores in FY25, underlining its investment in capacity building and infrastructure projects.
For Q4 FY25, production was reported at 13.27 MnT, with sales improving both sequentially and annually. Compared to Q3 FY25, sales increased by 6 per cent , while year-on-year sales rose from 12.54 MnT in Q4 FY24 to 12.66 MnT.
The rising domestic iron ore demand, supported by reduced exports and merchant mining growth, contributed to NMDC’s stability.
–IANS
sps/na
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
