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NMDC reports 15% rise in iron ore production during Q3FY24

16 Feb 2024 Evaluate

NMDC has registered a 15% rise in its iron ore production to 12.22 million tonne (MT) in October-December 2023 (Q3FY24). The company had produced 10.66 MT iron ore in the third quarter of the preceding financial year. The sales volumes also rose 19% to 11.39 MT in Q3FY24 from 9.58 MT in the same quarter a year ago. 

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.

Peers
Company Name CMP
Coal India 425.60
NMDC 82.45
Ashapura Minechem 542.60
Sandur Manganese 190.35
GMDC 575.20
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