NMDC registers 23.3 pc growth in iron production in Dec month alone

Hyderabad, Jan 2 (Agency) National Mineral Development Corporation (NMDC), the country’s largest Iron Ore producer, continued its impressive performance run in the month of December 2020 also.
This is the 5th month in 2020, when production and sales showed an uptick when compared to the CPLY.
Iron ore production for the month of December achieved 3.86 MT (Million Tonnes) against 3.13 MT production in corresponding period in the previous year, registering a growth of 23.3 per cent, State-owned NDMC said in a release, here on Friday.
Iron ore production in Q3 of FY20 is 9.61 MT against the production of 8.56 MT in Q3 of FY19, thereby registering a growth of 12.3% (CPLY).
Iron ore sales in December month also achieved 3.62 MT against 3.04 MT sales in December month in previous year, registering a growth of 19.1 per cent.
In Q3 FT20, Iron ore sales registered at 9.44 MT against 8.44 MT sales in the corresponding period in the previous year, registering a growth of 11.8 per cent (CPLY).
Commenting on the performance, NMDC Chairman and Managing Director Sumit Deb, said: “The steady growth in performance has helped us end the year on a good note. We are on our way to better the cumulative figures of both physical and financial parameters of the previous year. Indian steel industry revival needs support to tide over the crisis and we are doing our best to cater to it.