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

06 Apr 2022 CW Team

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

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..