Team News Riveting
Hyderabad, December 1
Mining giant NMDC delivers its best ever November month performance in company history, producing 3.83 million tonnes (MnT )and selling 3.79 MnT of iron ore in November 2023.
With these figures, the company recorded a 6 per cent growth in production and 24.7 per cent upswing in sales over corresponding period of last year (CPLY).
Continuing to deliver exceptional volumes, NMDC’s cumulative iron ore production has now touched 27.31 MnT and cumulative sales stand at 27.78 MnT upto November 2023. A stellar growth year for NMDC, this is the company’s highest ever cumulative production and sales upto Novemeber 2023. Over
CPLY, the cumulative production is 17.11 per cent higher while sales have grown by 23.55 per cent.
Speaking on NMDC’s booming volumes, Amitava Mukherjee, CMD (Additional Charge) said, “NMDC’s performances month after month signal a future where the company stands at the forefront of transformation in the mining sector. We are targeting not only a volume shift but preparing for a paradigm shift in how we conduct business to go from owning 1/6th to more than a quarter of the domestic market share by 2030.”
