NMDC shows Promising Growth in September 2020

National Mineral Development Corporation Ltd (NMDC), the country's largest Iron Ore producing Navratna Public Sector Enterprise's  performance during the month of September 2020 has continued its steady growth both in production and sales over CPLY.

The Iron ore production for the month of September 2020 is 1.83 MT (Million Tonnes) has registered a growth of 11% against production of 1.64 MT in September 2019. Iron ore sales for the month of September 2020 is 2.11 MT has registered a growth of 10.50% against 1.91 MT in month of September 2019.For the quarter ended September 2020, Iron ore production is 5.63 MT against 5.29 MT in CPLY, registering a growth of 6.5% and sales is 6.50 MT against 5.83 MT in CPLY registering a growth of 11.5%.

Other projects of the company such as the Bailadila Project at Chhattisgarh has produced 1.32 MT in September 2020 as compared to last year production of 1.05 MT of iron ore in the month of September 2019, and has registered growth of 26% in production. The total sales of iron ore from Bailadila projects in the month of September 2020 is 1.62 MT against 1.34 MT in September 2019, which is 21% higher.

"Since June 2020 the company is on a growth trajectory and will definitely keep improving in the months to come. Though 2020 has been challenging year, NMDC is consistently putting its best efforts to meet the demand of the domestic steel industry,” commented Sumit Deb, CMD, NMDC Ltd.

For more information: www.nmdc.co.in