NMDC has reported 17% fall in its sales between April-September 2015 to 13.11 million tonne (mt) as compared to 15.85 mt in the same period last year. The sales have been impacted due to low demand for steel which uses iron ore as a key raw material. Moreover, the company’s production has declined by almost 14.3% to 12.37 mt in the first half this year, compared to 14.44 mt of ore produced in the same period last year.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
