NMDC sets new production record amid pandemic
By IANS |
Published on
Wed, Feb 3 2021 0:03 IST |
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New Delhi, Feb 2 : The National Mineral Development Corporation (NMDC), the country s largest iron ore producer, had registered its highest ever level of sales and production in January, beating market expectations amid the Covid-19 pandemic.
The company s iron ore production for the month of January 2021 stood at 3.86 million tonnes (MT) against the production level of 3.31 MT in January 2020, thereby registering a growth of 16.7 per cent. January 2021 production and sales were the highest ever for the month since the inception of NMDC, a company statement said.
NMDC had reported overall good performance even in 2020, recording growth in both production and sales.
NMDC to launch their ERP on SAP S/4 HANA on 11th Jan 2021 ANI | Updated: Jan 12, 2021 14:25 IST
Hyderabad (Telangana) [India], January 11 (ANI/SRV Media): National Mineral Development Corporation (NMDC) is all set to launch its SAP-based Enterprise Resources Planning (ERP) which is implemented with SAP S/4 HANA. The launch is scheduled for 11 January 2021 at 2:45 pm on Facebook Live Event called Go-Live being broadcasted from NMDC, Head Office Hyderabad.
Satyender Rai. General Manager and Project Leader ERR NMDC Limited, informed that it would be a major milestone for NMDC on its journey of Digital Transformation and will lead them into a new era in the annals of NMDC. The implementation from Work Order Placement to Go-Live has been accomplished in about 21 months time which is an achievement taking into consideration the COVID-19 pandemic which posed various hurdles in the process of implementation.
State-owned NMDC (National Mineral Development Corporation) has hiked prices again, as per people in the know. Overall, there have been three price increases in the last 35 days and together it amounts to a hike of 45-55 percent. NMDC on last Friday posted over 23 percent rise in iron ore output at 3.86 million tonne .
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Cap on steel prices not needed in an open economy: JSPL
Addressing a webinar organised by Care Ratings, V R Sharma, the managing director of JSPL said the government should instead lead by example by asking PSUs like Steel Authority of India Ltd and Rashtriya Ispat Nigam Ltd to reduce prices
Sumant Banerji | December 29, 2020 | Updated 21:06 IST
With the mood turning against the industry, Sharma of JSPL admitted that prices need to get stable over the next few months and the industry needs to be cautious about any further hike
As the clamour for curbing runaway prices of steel in the domestic market is gaining momentum, one of India s largest integrated steel companies Jindal Steel and Power Ltd has said the government should resist the temptation to cap prices of the commodity and not set a benchmark on profitability in an open economy.