NMDC’s Best Ever Annual Performance

National Mineral Development Corporation Ltd. (NMDC), Country’s largest Iron Ore producer

National Mineral Development Corporation Ltd. (NMDC), Country’s largest Iron Ore producer, a CPSE under Ministry of Steel, reported cumulative production and sales for FY22 stood at 42.15 MT and 40.70 MT respectively, a growth of 23% in production and 22% in sales over the same period last year. This records the best ever annual physical performance for NMDC, powered by a steady growth in FY22.

(in Million Tonnes)

2021 2022 Up by %
Production in March 4.57 4.98 9%
Sales in March 4.08 4.21 3%
Production in Q4 12.31 13.84 12%
Sales in Q4 11.01 12.34 12%
Annual Production 34.15 42.15 23%
Annual Sales 33.25 40.70 22%

 

Cumulative production and sales for Q4 of FY22 stood at 13.84 MT and 12.34 MT respectively, a growth of 12% in production and 12% in sales over the same period last year. This records the best ever quarterly physical performance for NMDC.

NMDC reported iron ore production of 4.98 MT and sale of 4.21 MT for the month of March 2022. With a growth of 9% in production and 3% in sales over CPLY, the mining major achieved the highest production and sales numbers for any March month in company history.

Congratulating the NMDC team for their company’s best-ever performance, NMDC CMD Shri Sumit Deb said, “NMDC has achieved a record-breaking physical performance for FY22 on the back of a propelling expansion and investment strategy, we are entering the new fiscal with a valuable head start. Our digitalisation drive is beginning to contribute to our improved performance and we are excited to see this transformation in how we do business and share the benefits with our stakeholders. As the Government of India seeks to ramp up the domestic per capita steel consumption in our country, NMDC will take on an enhanced role to strengthen raw material supply and give impetus to self-reliance in the sector.”

Siddharatha

A proficient tv reporter with excellent researching skills. I'm adept at telling stories filled with scientific fervour. Stories which are useful for our viewers and enabling them to get real insight for their life. Experienced in tv reporting with more than 17 years of rich experience with leading news channel AajTak. A varied experience of telling news stories, editing articles, covering events and interviewing celebrities across myriad beats like environment, science, climate, weather, disaster, railways, agriculture, socially-relevant topics and human interest stories. Both as a team-player and as an individual my goal has always been, and shall remain, to adhere to deadlines without compromising on quality with the sole aim to grow as an individual by following journalistic ethics and humanity.

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