During Q3, the company achieved record iron ore production of 5.40 million tonnes, an increase of 36% compared with the corresponding prior quarter.

The increase in production was on account of the additional volumes from the Dempo acquisition.

Iron Ore sales during the same period were higher by 25% at 6.79 million compared with the corresponding prior period. EBITDA in Q3 was USD 216.1 million compared with USD 85.8 million in the corresponding prior quarter due to higher volumes and improved realizations.