Iron ore production was stable at 3.2 million tonnes while sales increased by 24.8% to 2 million tonnes in Q2 as compared with the corresponding prior quarter.

Production in HI was a record 9.5 million tonnes, an increase of 15.9% over the corresponding prior period primarily due to 1.5 million tonnes from Dempo's operations.

Sales in HI were 17.2% higher at 7.5 million tonnes in spite of 31% lower volumes from Karnataka operations during Q2, due to a state wide temporary export restriction imposed by the state government at the end of July 2010. The lower sales from Kamataka were offset by substantially higher sales volumes from Goa despite the seasonal impact of monsoons.