NMDC Records Best Ever June Month and Q1 Performance

Hyderabad, 1 July 2023: State Miner NMDC produced 3.48 MnT and bought 4.1MnT of iron ore within the third month of FY24, recording the very best ever June month and

Q1 manufacturing and gross sales in firm historical past.

Registering an upswing of 35% in manufacturing over MoM, the Country’s largest iron ore producer has achieved its best-ever month-to-month manufacturing for April, May, and June performances since inception.

Registering an upswing of 115% in gross sales over MoM, NMDC has achieved its best-ever month-to-month gross sales for any of June since inception.

NMDC’s cumulative manufacturing and gross sales in Q1 of FY24 witnessed 20% and 45% progress respectively. In the primary quarter of the monetary yr, the corporate produced 10.70 MnT and bought 11.15 MnT of iron ore with an ever-best Q1 bodily efficiency.

Commenting on NMDC’s excellent efficiency, Shri Amitava Mukherjee, CMD (Addl. Charge) mentioned, “NMDC’s contribution to the nation’s economic system continues to make huge headway in assembly the rise within the demand for iron ore. Our document of highest ever Q1 and June manufacturing and gross sales since inception resonates with our agile and diligent investments in mine planning,enlargement and very environment friendly human property.”