NMDC has reported results for its first quarter ended June 30, 2011.
The company’s net profit for the quarter has jumped 19.75% at Rs 1801.15 crore as compared to Rs 1504.04 crore for the same quarter last year. Its total income increased by 17.69% to Rs 3224.43 crore for the quarter under review from Rs 2739.82 crore for the corresponding quarter of the previous year.
NMDC is involved in the exploration of a wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands, etc. NMDC is India's single largest iron ore producer and exporter.