Team News Riveting
New Delhi, February 2
Chairman-cum-Managing Director (CMD) of the National Mineral Development Corporation (NMDC) Sumit Deb said that the company was committed to meet the demand of iron-ore that was likely to boost because of infrastructure-focussed Budget 2021.
The Union Budget has given thrust on infrastructure, along with manufacturing. This will drive the demand for steel which in turn will drive the demand for iron ore, he said.
“NMDC with its 7 operational iron ore mines is committed to meet the increased demand of iron ore in the country,” Deb said, adding that with higher spending in these sectors, the Budget has taken steps in the right direction to continue reviving the economy. This shall further increase employment opportunities in the country through private and public investments that were paved through the boost on infrastructure and other sectors.
The CMD of the Navratna central public sector enterprise said the company performed remarkably well during the crisis of 2020 and with modern processes being implemented they were confident to do even better. “NMDC is the first PSE to implement SAP S4 HANA making us frontrunners in the digital transformation of the mining industry. I congratulate Team NMDC for the excellent performance and I have faith that going forward we will continue to break new grounds,” Deb said.
Meanwhile, the country’s largest Iron ore producer and exporter started the New Year with a knock as iron ore production for the month of January 2021 stood at 3.86 MT (Million Tonne) 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 are the highest ever January production and sales since the inception of NMDC.
On January 31, 2021, NMDC was able to achieve production of 1.65 lakh tonnes on a single day that was the highest for any day in this financial year. Iron ore sales for the month of January 2021 is 3.74 MT against the sales level of 2.96 MT in January 2020, thereby registering a growth of 26.4 per cent.
Iron ore production upto January in the current financial year 2020-21 is 25.66 MT, which is at par with corresponding period of last year while sales in FY21 was 26.01 MT that was above CPLY, in spite of COVID-19 pandemic this year.
With the encouraging production and sales figures this year, NMDC will exceed the production and sales of the previous year. The steady performance in 2020-21 despite the problems caused by the COVID-19 pandemic and the continuous improvement in performance showcases the determination and grit of Team NMDC.
