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NMDC reports 37.74% growth in iron ore production for Oct-Dec quarter

03 Jan 2014 Evaluate

State-owned NMDC has reported 37.74% growth in its iron ore production for quarter ended December to 7.3 million tonnes (MT) from 5.3 MT during the same quarter. Meanwhile, the despatches registered a surge of 39.62% to 7.4 MT during the October-December quarter as against 5.3 MT in the third quarter of last fiscal, according to official sources.

Further, total production up to December 31 stood at 20.3 MT and despatches recorded at 21.24 MT this fiscal. The company has a total production capacity of 32 MT per annum at its mines in Chhattisgarh and Karnataka. It targets to achieve 40 MT capacity by 2014-15.

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.

NMDC Share Price

89.78 2.60 (2.98%)
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