NMDC’s iron ore output jumps to 3.13 mt in April, sales at 3.09 mt
COAL & MINING

NMDC’s iron ore output jumps to 3.13 mt in April, sales at 3.09 mt

Indian public sector mineral producer, National Mineral Development Corporation (NMDC) has reported a 74% surge in its iron ore output at 3.13 million tonne (mt) in April 2021, as against its production of 1.80 mt in April 2020.

During April, NMDC recorded a growth in its sales as well. In this month, its sales were at 3.09 mt, which is higher from 1.38 mt in the same month last year.

The company is also involved in the exploration of other minerals like copper, rock phosphate, limestone, dolomite and gypsum.

NMDC has increased iron ore prices by Rs 1,100 per tonne of lump and by Rs 500 for the same quantity of fines. This is the second increase this month by the country's largest iron ore producer.

Following the latest change, effective April 14, a tonne of lump ore costs Rs 6,950, while a similar quantity of fines will sell for Rs 5,060.

On April 3, NMDC had increased the price by Rs 500 and Rs 250 a tonne, respectively, taking lump ore to Rs 5,850 and fines to Rs 4,560. The iron ore producer had opted for a similar quantum of increase, with effect from March 21, resulting in lump ore price moving to Rs 5,350 and that of fines to Rs 4,310.

NMDC, under the Ministry of Steel, is India's single largest iron ore producer, currently producing around 35 mt iron ore annually from its three fully mechanised mines located in Karnataka and Chattisgarh.

Image Source


Also read: NMDC iron ore output and sales higher in Jan 2021

Also read: NMDC first PSU to implement ERP solution

Indian public sector mineral producer, National Mineral Development Corporation (NMDC) has reported a 74% surge in its iron ore output at 3.13 million tonne (mt) in April 2021, as against its production of 1.80 mt in April 2020. During April, NMDC recorded a growth in its sales as well. In this month, its sales were at 3.09 mt, which is higher from 1.38 mt in the same month last year. The company is also involved in the exploration of other minerals like copper, rock phosphate, limestone, dolomite and gypsum. NMDC has increased iron ore prices by Rs 1,100 per tonne of lump and by Rs 500 for the same quantity of fines. This is the second increase this month by the country's largest iron ore producer. Following the latest change, effective April 14, a tonne of lump ore costs Rs 6,950, while a similar quantity of fines will sell for Rs 5,060. On April 3, NMDC had increased the price by Rs 500 and Rs 250 a tonne, respectively, taking lump ore to Rs 5,850 and fines to Rs 4,560. The iron ore producer had opted for a similar quantum of increase, with effect from March 21, resulting in lump ore price moving to Rs 5,350 and that of fines to Rs 4,310. NMDC, under the Ministry of Steel, is India's single largest iron ore producer, currently producing around 35 mt iron ore annually from its three fully mechanised mines located in Karnataka and Chattisgarh. Image SourceAlso read: NMDC iron ore output and sales higher in Jan 2021 Also read: NMDC first PSU to implement ERP solution

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?