NMDC hits record highs with 18% production increase; 5.5% sales growth in November

Bengaluru, December 03, 2024: NMDC, India’s largest iron ore producer, has once again demonstrated its operational excellence by registering its best-ever November performance since inception. The company’s production stood at 4.51 million tonnes (MT), a notable increase from 3.83 MT in November 2023, and sales at 4 MT of iron ore, surpassing previous November records of 3.79MT. This marks an impressive 18% increase in production growth and a 5.5% growth in sales compared to the corresponding period last year.

Shri Amitava Mukherjee, Director (Finance), NMDC, said, “Achieving the best-ever production and sales figures for November is a momentous achievement for NMDC. This is a reflection of the team’s steadfast dedication and rigorous efforts and the company’s commitment to driving growth and performance. As we move forward, we remain focused on sustainable growth and delivering value to our stakeholders.”

The positive results achieved by NMDC this November are a testament to the meticulous planning, ideal pricing mechanisms, and consistent off-take by customers. The dedicated efforts of the entire team have been pivotal in driving these impressive outcomes, ensuring the company’s operational efficiency and market responsiveness. With these strategic measures in place, NMDC is on track to meet its ambitious target of 50 million tonnes this fiscal year.

As a Navratna PSU under the Ministry of Steel, NMDC plays a vital role in meeting India’s steel production demands. With its continued strong performance, NMDC is poised to drive growth and sustainability in the mining sector.