Hyderabad, Dec 3 (FN Agency) State-owned National Mineral Development Corporation (NMDC), India’s largest iron ore producer, has once again demonstrated its operational excellence by registering its best-ever November performance since inception. The company’s production stood at 4.51 million tonnes (MT), a notable increase from 3.83 MT in November 2023, and sales at 4 MT of iron ore, surpassing previous November records of 3.79MT. This marks an impressive 18 per cent increase in production growth and a 5.5 percent growth in sales compared to the corresponding period last year, the company said in a release here on Monday. NMDC Director (Finance) Amitava Mukherjee said, “Achieving the best-ever production and sales figures for November is a momentous achievement for NMDC.
This is a reflection of the team’s steadfast dedication and rigorous efforts and the company’s commitment to driving growth and performance. As we move forward, we remain focused on sustainable growth and delivering value to our stakeholders.” 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. With these strategic measures in place, NMDC is on track to meet its ambitious target of 50 million tonnes this fiscal year, he added.