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NMDC production up 8%, sales rise 6% in FY21
April 01, 2021
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The State-owned iron ore mining company, NMDC has seen its ore production going up by 8 per cent to 34.11 million tonnes during 2020-21 (FY 2021) up from 31.49 mt last fiscal and its iron ore sales was up 6 per cent at 33.27 mt as against 31.51 mt.
The increase in production of iron ore and sales is significant in the backdrop of the first quarter ended June 2020 being adversely impacted by Covid pandemic lockdown.
The mining company’s quarterly production and sales of 12.31 mt and 11.11 mt in Q4 are the highest ever since inception and are more by 2.84 mt (30 per cent) and 2.49 (29 per cent) over previous year.