NMDC Achieves Best-Ever H1 Performance Since Inception
- India’s Largest Iron Ore Producer Reports Impressive Figures
TFP Bureau, Hyderabad, Oct 04, 2023: NMDC, India’s largest iron ore producer, has achieved remarkable performance milestones in the first half of 2023, setting new records in production and sales. In the month of September 2023, the company produced a staggering 3 million tonnes of iron ore and recorded sales of 3.11 million tonnes. These figures represent the highest production and sales levels ever achieved by NMDC since its inception, marking a 10% month-on-month increase in production and a 7% increase in sales.
For the first half of the year, NMDC delivered a phenomenal performance by producing 19.56 million tonnes of iron ore and selling 20.53 million tonnes up to September 2023. This remarkable achievement reflects a remarkable 21% growth in production and a substantial 25% increase in sales compared to the previous year.
Shri Amitava Mukherjee, CMD (Additional Charge) of NMDC, expressed his views on the company’s exceptional performance, stating, “NMDC is on the path of transformation, and our figures speak for themselves. We have achieved our best-ever H1 performance in the history of the company. This accomplishment is a result of rigorous planning, rapid technological advancements, and consistent monitoring. NMDC has demonstrated substantial growth even during the challenging monsoon period, and we remain committed to maintaining this upward trajectory to achieve our goal of becoming a 100 million tonnes company by 2030.”
NMDC’s dedication to increasing steel consumption and ensuring a steady supply of raw materials to meet the growing domestic steel demand in India has been a key driver of its success. The company’s ability to surpass previous records demonstrates its commitment to setting industry benchmarks for responsible and environmentally friendly mining practices.
As India’s largest iron ore producer, NMDC plays a pivotal role in supporting the country’s steel industry and contributing to its economic growth. The company’s remarkable performance in the first half of 2023 underscores its position as a leader in the mining sector and its commitment to achieving new milestones in the years to come.
