Team News Riveting
Hyderabad, January 31
The Board of Directors of the National Mineral Development Corporation (NMDC) Limited will meet on February 14 to consider and approve the unaudited financial results for third quarter and nine months of the fiscal ended December 31, 2023.
The Board will also approve and declare the interim dividend, if any, for the financial year 2023-24 (FY 2023-24).
“Notice is hereby given that a Meeting of Board of Directors of the Company is scheduled to be held on Wednesday, 14th February 2024 inter-alia, to consider, approve and take on record the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 31st December 2023 and declaration of Interim Dividend for FY 2023-24, if any,” NMDC Limited said in a regulatory filing today.
The Navratna mining giant has entered 2024 with best ever third quarter (Q3) results. The company produced 4.48 million tonnes (MT) and sold 4.19 MT of iron ore in the month of December 2023. Recording a growth of 24 per cent in production and 26 per cent in sales over December 2022, the company achieved its best ever December month production and sales since inception.
Also, delivering its best ever third quarter volumes, NMDC produced 12.22 MT and sold 11.42 MT of iron ore in Q3 FY24. Compared to the third quarter of FY23, there is a 15 per cent rise in production and 19 per cent rise in sales figures.
NMDC’s cumulative production stood at 31.79 MT while the sales figure reached 31.97 MT, upto December 2023. With highest ever cumulative production and sales upto December 2023 in the company’s history, NMDC has entered the fourth quarter of FY24 on a strong momentum. Cumulative figures have witnessed an ascent of 18 per cent in production and 24 per cent in sales over CPLY.
