Rama Krishna Sangem
NMDC, a Navratna miner under the Ministry of Steel reported a production of 13.15 million tonnes and sales of 14.18 million tonnes of iron ore up to July 2023, recording its highest ever production in any corresponding period since inception showing 20 per cent and 33.5 per cent year-on-year growth in production and sales respectively.
In the month of July, the mining major produced 2.44 million tonnes and sold 3.03 million tonnes of iron ore showing a growth of 19 per cent and 2.7 per cent month-on-month CPLY in production and sales respectively.
Growing from strength to strength, the National Miner has delivered record performances in FY24 so far. Paving the way towards becoming a 100 MnT mining company, NMDC is gearing up to surpass its historic production of 40 MnT for two fiscals in a row.
Commenting on the company’s performance, Amitava Mukherjee, CMD (Additional Charge) said, “NMDC has been reporting record-breaking iron ore production in FY24 so far. With a legacy of more than 40 million tonne annual production, over the last two years our achievement of the highest ever production up to July in any corresponding period in company history is a testament to our resilience and agility”.
“Our strong commitment to expansion and technology is enabling our growth vertically, horizontally and geographically. We will continue to leverage our strengths to sustain this momentum and become a global mining company.” `said a media release from the NMDC, which has its headquarters in Hyderabad.
NMDC got a new logo
Recently, NMDC, India’s largest iron ore producer, unveiled its new logo recently in New Delhi, showcasing the centra public sector enterprise’s dedication to responsible mining. Union Minister Jyotiraditya Scindia unveiled the logo that reflects the public sector company’s strength and scale.
Union Steel Secretary Nagendra Nath Sinha and NMDC chairman and managing director Amitava Mukherjee were with the minister on the occasion.
.The new logo signifies the company’s future scale and strength after achieving a record production of 40 million tonnes for two consecutive fiscals. With a robust digital road-map for smart mining, NMDC is stepping into NMDC 2.0, reimagining its principal visual identity.
Speaking on the occasion Scindia said, “Today, as we witnessed the unveiling of NMDC’s new logo, I’m reminded of the remarkable journey India has embarked upon- from striving for self-reliance post-independence to now reducing dependency on external sources, India has truly arrived as a responsible stakeholder in its own growth.
Nagendra Nath Sinha said: “Today marks a momentous occasion as NMDC embraces a transformative journey, shifting from mere industrial aspirations to forging a harmonious relationship with nature. With its forward-looking vision, NMDC is set to play a major role in realizing the National Steel Policy 2030 goals and contributing to India;s bold economic growth vision.
