NDMC records a production hike of 23% YoY to 42.15 mt in FY22
COAL & MINING

NDMC records a production hike of 23% YoY to 42.15 mt in FY22

India's largest iron ore producer, National Mineral Development Corporation Limited (NMDC), announced that its production increased by 23% year-on-year (YoY) to reach 42.15 million tonnes (mt) in the last FY22.

The company's sales rose by 22% to 40.70 mt during FY21-22. NMDC is a Central Public Sector Enterprise (CPSE) under the Ministry of Steel.

During the fourth quarter (Q4) of FY22, the company's production capacity increased by 12% to 13.84 mt, while the company sales grew to 12.34 mt, with a YoY increase of 12%.

NMDC had reported iron ore production of 4.98 mt and sales of 4.21 mt for March 2022. Its production increased by 9%, while sales rose by 3% YoY in March. It is the highest production and sales numbers for the company in March.

Chairman and Managing Director of NMDC, Sumit Deb, said that the company had achieved a record-breaking physical performance for FY22 on the back of a propelling expansion and investment strategy. The company's digitalisation drive will contribute to our improved performance and share the benefits with the stakeholders.

He said that the central government is seeking to ramp up the domestic per capita steel consumption in India. NMDC will take up an enhanced role to strengthen raw material supply and give impetus to self-reliance in the mineral sector, contributing towards Atma Nirbhar Bharat.

Image Source

India's largest iron ore producer, National Mineral Development Corporation Limited (NMDC), announced that its production increased by 23% year-on-year (YoY) to reach 42.15 million tonnes (mt) in the last FY22. The company's sales rose by 22% to 40.70 mt during FY21-22. NMDC is a Central Public Sector Enterprise (CPSE) under the Ministry of Steel. During the fourth quarter (Q4) of FY22, the company's production capacity increased by 12% to 13.84 mt, while the company sales grew to 12.34 mt, with a YoY increase of 12%. NMDC had reported iron ore production of 4.98 mt and sales of 4.21 mt for March 2022. Its production increased by 9%, while sales rose by 3% YoY in March. It is the highest production and sales numbers for the company in March. Chairman and Managing Director of NMDC, Sumit Deb, said that the company had achieved a record-breaking physical performance for FY22 on the back of a propelling expansion and investment strategy. The company's digitalisation drive will contribute to our improved performance and share the benefits with the stakeholders. He said that the central government is seeking to ramp up the domestic per capita steel consumption in India. NMDC will take up an enhanced role to strengthen raw material supply and give impetus to self-reliance in the mineral sector, contributing towards Atma Nirbhar Bharat. Image Source

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?