India’s state owned iron ore miner NMDC has registered its best ever production of 10.66 million tonnes of iron ore in October-December quarter of 2022-23, flat YoY while sales was down 3% YoY at 9.58 million tonnes. NMDC has reported a turnover of INR 3,925 crore in October-December 2022 up 5% YoY and profit of INR 904 crore up 2% YoY. NMDC CMD Mr Sumit Deb said“Iron and Steel industry is the backbone of India's infrastructure growth and this year’s Union Budget emphasis on increasing capex will propel a robust domestic steel demand. With thriving iron ore production and growing capital that can be reinvested in the company, NMDC is ready to meet the demand.”NMDC’s iron ore production in April-December 2022 stood at 26.69 million tonnes, down 6% YoY while sales was 25.81 million tonnes down 9% YoY. NMDC has reported a turnover of INR 12,593 crore in April-December 2022 down 34% YoY and profit of INR 3,261 crore down 57% YoY
India’s state owned iron ore miner NMDC has registered its best ever production of 10.66 million tonnes of iron ore in October-December quarter of 2022-23, flat YoY while sales was down 3% YoY at 9.58 million tonnes. NMDC has reported a turnover of INR 3,925 crore in October-December 2022 up 5% YoY and profit of INR 904 crore up 2% YoY. NMDC CMD Mr Sumit Deb said“Iron and Steel industry is the backbone of India's infrastructure growth and this year’s Union Budget emphasis on increasing capex will propel a robust domestic steel demand. With thriving iron ore production and growing capital that can be reinvested in the company, NMDC is ready to meet the demand.”NMDC’s iron ore production in April-December 2022 stood at 26.69 million tonnes, down 6% YoY while sales was 25.81 million tonnes down 9% YoY. NMDC has reported a turnover of INR 12,593 crore in April-December 2022 down 34% YoY and profit of INR 3,261 crore down 57% YoY
