NMDC Hits Record April with 15% Jump in Iron Ore Output
State-run NMDC registered a robust 15% year-on-year increase in iron ore production for April, reaching 4 million tonnes (MT), up from 3.48 MT a year ago. Sales also grew modestly by 3%, touching 3.63 MT from 3.53 MT in April 2024. Amitava Mukherjee, CMD of NMDC, said, “Our record-breaking April performance, coupled with best-ever despatch figures from our key mines — Kirandul (12% growth), Bacheli (4%), and Donimalai (88%) — reinforces our leadership in iron ore and sets the stage for our 100 MT ambition by 2030.” The company also achieved a milestone in pellet production, clocking ..
Gujarat Ties Up with M1xchange to Boost MSME Liquidity
M1xchange, a leading invoice discounting platform, has entered into a strategic partnership with the Gujarat government to offer collateral-free working capital access to micro, small, and medium enterprises (MSMEs) operating in the state. The collaboration aims to benefit small businesses that supply goods and services to state government departments, public sector undertakings (PSUs), and private firms. As part of the memorandum of understanding (MoU), M1xchange and the state government will jointly provide early payment solutions for MSMEs at competitive interest rates, tackling the persi..
IRFC Eyes Metro and Rapid Rail to Boost High-Margin Growth
Indian Railway Finance Corporation (IRFC) is expanding beyond its traditional role as the key financier for Indian Railways, with plans to diversify into metro and rapid rail infrastructure projects. This strategic shift is expected to drive higher growth and profitability, said Chairman and Managing Director Manoj Kumar Dubey. The state-run firm has already secured Rs 140,000 million worth of loan assets through three consecutive bids in just three months, signaling its aggressive push into new sectors aligned with railway infrastructure.Dubey highlighted that margins from these diversified p..
Latest Updates
