NMDC reports 4.31 mt production of iron ore in Feb 2022
Steel

NMDC reports 4.31 mt production of iron ore in Feb 2022

For February 2022, National Mineral Development Corporation Ltd (NMDC), the country's largest iron ore producer and a Central Public Sector Enterprises (CPSE) under the Ministry of Steel reported production of 4.31 mt and sales of 3.97 mt of iron ore.

This represents an 11.7% increase in production and a 22.2% increase in sales over the CPLY, the highest production and sales figures for any February in the company's history.

For the first 11 months of FY22, up to February 2022, total production and sales were 37.18 mt and 36.57 mt, respectively, representing a 26% increase in production and a 25.5% increase in sales over the same period last year. These are also the best 11 months of physical performance in NMDC's history.

NMDC CMD Shri Sumit Deb congratulated the team on another outstanding performance and said that NMDC continues to be an iron and steel powerhouse, thanks to an outstanding performance this month that can be attributed to all of the company's stakeholders. This excellent performance reaffirms determination to continue on an upward trajectory.

NMDC is India's largest iron ore producer. Since its inception, the corporation has been involved in the exploration of a wide range of minerals in some of the country's most remote locations, including copper, rock phosphate, limestone, magnesite, diamond, tungsten, and beach sands, among others, under the administrative control of the Ministry of Steel.

Image Source

Also read: NMDC iron ore production surges 28% to 33 mt in April-Jan

For February 2022, National Mineral Development Corporation Ltd (NMDC), the country's largest iron ore producer and a Central Public Sector Enterprises (CPSE) under the Ministry of Steel reported production of 4.31 mt and sales of 3.97 mt of iron ore. This represents an 11.7% increase in production and a 22.2% increase in sales over the CPLY, the highest production and sales figures for any February in the company's history. For the first 11 months of FY22, up to February 2022, total production and sales were 37.18 mt and 36.57 mt, respectively, representing a 26% increase in production and a 25.5% increase in sales over the same period last year. These are also the best 11 months of physical performance in NMDC's history. NMDC CMD Shri Sumit Deb congratulated the team on another outstanding performance and said that NMDC continues to be an iron and steel powerhouse, thanks to an outstanding performance this month that can be attributed to all of the company's stakeholders. This excellent performance reaffirms determination to continue on an upward trajectory. NMDC is India's largest iron ore producer. Since its inception, the corporation has been involved in the exploration of a wide range of minerals in some of the country's most remote locations, including copper, rock phosphate, limestone, magnesite, diamond, tungsten, and beach sands, among others, under the administrative control of the Ministry of Steel. Image Source Also read: NMDC iron ore production surges 28% to 33 mt in April-Jan

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?