State-run miner, NMDC’s iron ore production in November rose 23% from a year ago to 2.32 million tonnes. The company’s output was good since weather in October-November was favourable and there were no disruptions in the company’s mining operations.
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.
The company’s net profit for the second quarter ended September 30, 2011 of the current fiscal has surged 42.41% at Rs 1963.15 crore as compared to Rs 1378.53 crore for the corresponding quarter of the last year. The company’s total income has increased 31.76% at Rs 3565.26 crore for the quarter under review as compared to Rs 2705.85 crore for the second quarter of the previous year.
