NMDC delivers spectacular performance in FY21

NMDC delivers spectacular performance in FY21

Production rises by 8%, Sales up by 6% over CPLY

FPJ BureauUpdated: Monday, April 05, 2021, 12:25 PM IST
article-image

NMDC, the country's largest Iron Ore producer, has witnessed a spectacular growth for FY21 both in production and sales performance over the CPLY. Iron ore production for FY21 stands at 34.11MT as against the 31.49 MT in FY20, and registered a growth of 8%. Iron Ore sales during FY21 increased by 6% to 33.27 MT as against the 31.51 MT in FY20. Quarterly Production & Sales of 12.31 MT and 11.11 MT in Q4 are the highest ever since inception and are more by 2.84 MT (30%) and 2.49 (29%) over previous year. The Bailadila Projects at Chhattisgarh have produced 26.56 MT in FY21 as compared to last year’s production of 24.49 MT and registered a growth of8% in production.

The total sales of iron ore from Bailadila projects in FY21 are 25.85 MT against 24.46 MT in FY20, which is 6% higher than the previous year.

RECENT STORIES

Rama Steel Tubes Board Approves ₹500 Crore Further Public Offering; Stock Closes Over 6% In Green

Rama Steel Tubes Board Approves ₹500 Crore Further Public Offering; Stock Closes Over 6% In Green

Global NCAP Crash Test: Kia Carens Achieves 3-Star Safety Rating

Global NCAP Crash Test: Kia Carens Achieves 3-Star Safety Rating

RBI Holds Off Countercyclical Capital Buffer Activation

RBI Holds Off Countercyclical Capital Buffer Activation

NBCC Secures New Order Worth ₹23,500 Cr In FY24; Shares Surge Over 7%

NBCC Secures New Order Worth ₹23,500 Cr In FY24; Shares Surge Over 7%

Mahindra Bolero Neo: Only 1-Star Safety Rating in Global NCAP Crash Test

Mahindra Bolero Neo: Only 1-Star Safety Rating in Global NCAP Crash Test