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