NMDC reports 37% fall in iron ore production during May

NMDC Ltd. | Mining & Minerals | Metals & Mining | BSE: 526371 | NSE: NMDC

03 Jun 2024 Evaluate

NMDC has registered a 36.93% fall in its iron ore production to 2.34 million tonne (MT) in May 2024. The company had produced 3.71 MT iron ore in May last year. The sales volumes declined 22.10% to 2.82 MT in May 2024 from 3.62 MT in the same month a year ago.

The company’s Chhattisgarh mines produced 1.27 MT of iron ore and registered sales volume of 1.91 MT in May 2024, while Karnataka mines produced 1.07 MT of iron ore and sold 0.91 MT of iron ore in May 2024.

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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