Construction Industry News
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 CPLY, the highest February production and sales figures in the company's history.
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 million tons and sales of 3.97 million tons of iron ore.
This represents an 11.7% increase in production and a 22.2% increase in sales over CPLY, the highest February production and sales figures in the company's history.
For the first 11 months of FY22, 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 % compared to the same period last year. These are also the best 11 months of physical performance in NMDC history.
NMDC CMD Shri Sumit Deb congratulated the team on another outstanding performance and said that NMDC is still an iron and steel powerhouse, thanks to an outstanding performance this month that can be attributed to all stakeholders of the company. This excellent performance reaffirms the determination to continue on an upward trajectory.
NMDC is India's largest iron ore producer. Since its inception, the company has been involved in the exploration of a wide variety of minerals in some of the country's most remote locations, including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sand, among others under the administrative control of the Ministry of Steel.
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