Team News Riveting
Mumbai, February 2
The meeting of the Board of Directors of the National Mineral Development Corporation (NMDC) Limited has been convened on February 14 to consider the financial result and dividend.
“Notice is hereby given that a Meeting of Board of Directors of the Company is scheduled to be held on Tuesday the 14th February 2023, inter-alia, to consider, approve and take on record the Unaudited Financial Results (Standalone and Consolidated) of the Company for the third quarter and nine months ended 31st December 2022 and to consider the proposal for declaration of interim dividend, if any, for the financial year 2022-23,” the company said in a regulatory filing.
The production and sales of NMDC dropped in the month of January. While the state-run miner reported a fall of 7.89 per cent in the production last month compared to previous year’s corresponding period, sales went down by 9.43 per cent during the period.
The cumulative figures of the country’s largest iron ore miner has also reported a decrease. Besides production down by 5.29 per cent during April 2022 to January 2023, sales shrank by 9.08 per cent during the period compared to last year.
