NMDC Records Best Ever Cumulative Volumes up to Jan’24

Rama Krishna Sangem

Navratna mining company, NMDC produced 4.54 million tonnes and sold 4.56 million tonnes of iron ore in January 2024. With an 8 per cent growth in production and 19 per cent uptick in sales from January 2023 volumes, NMDC has achieved its best ever January month sales since inception.

Foraying towards historic volumes this fiscal, the cumulative production and sales stood at 36.32 MnT and 36.49 MnT respectively, upto January 2024. From the corresponding period last year, the cumulative production is 17% higher while the cumulative sales figure climbed by 23 per cent, according to a press release from NMDC on February 1, Wednesday.

This also marks the highest ever cumulative production and sales in company history during a ten month period.

Congratulating his team on the stellar growth run, Amitava Mukherjee, CMD (Additional Charge) said, “In its standing as the largest iron ore producer of India commanding one-sixth share of the domestic market, NMDC’s sustained growth tells of the booming iron and steel sector”.

“As the Economic Budget for next fiscal continues to lay emphasis on infrastructure development, we are heavily investing to build up our production and evacuation infrastructure, while enhancing our technical and digital strength. NMDC has aligned its targets to meet the escalating demand for iron ore and is headed for milestone production in FY24.” added Mukherjee.

Rama Krishna Sangem

Ramakrishna chief editor of excel India online magazine and website

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Actress Neha shetty stunning clicks

Thu Feb 1 , 2024

You May Like

Chief Editor

Rama Krishna Sangem

Excel India national news magazine is a media startup founded and piloted by Rama Krishna Sangem, a Hyderabad based senior journalist with over three decade experience in the field of media, mostly in print journalism. His rich experience in reporting for both Telugu and English newspapers and heading a TV news channel and some online outfits will be of immense use to this venture. Excel India English news magazine seeks to fill the gap of analytical understanding to our readers who today are confronted with myriad media platforms. Our online version not only offers regular updates and commentary on happenings around us, but also gives larger stories not limited by space constraints of a print magazine. Excel India is ably run by a team of senior journalists committed to values and quality standards in the profession. We urge you all to support and guide us in this endeavour. Reach us at excelindiaweb123@gmail.com