NMDC Iron Ore Production Drops 9.9% in August
Sep 02, 2024 22:12
NMDC, India's largest iron ore miner, reported a 9.9% decline in production in August, reaching 3.07 million tonnes. The company's sales also decreased to 3.14 million tonnes in the same period.
Photograph: NMDC/LinkedIn
New Delhi, Sep 2 (PTI) Country's largest iron ore miner NMDC on Monday reported a 9.9 per cent drop in production of iron ore at 3.07 million tonnes (MT) in August.
The company had produced 3.41 MT of iron ore in the corresponding month of the previous fiscal, NMDC said in a regulatory filing.
The company's sales also declined to 3.14 million tonnes in August this year, from 3.54 MT in the corresponding month of previous fiscal.
The company's cumulative iron ore output fell to 14.43 MT in April-August 2024, from 16.56 MT in the year-ago period.
Sales dropped to 16.27 MT in April-August period, from 17.43 MT in the corresponding period of previous fiscal.
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