NMDC has reported an over 6 per cent fall in its iron ore production at 19.71 million tonnes (MT) during April-October, 2022. The mining giant had produced 21.04 MT iron ore during the same period of preceding fiscal. Its cumulative sales also fell 12 per cent to 19.44 MT from 22.08 MT in the year ago period.
The production in October this year was almost flat at 3.53 MT. The company had produced 3.33 MT iron ore in the same month last year. Sales were around 14 per cent lower at 3.09 MT from 3.58 MT in October 2021.
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.
