NMDC, the country’s largest iron ore producer, and a Navratna company, continued the impressive performance run in the month of Dec’20. This is the fifth month in 2020, when production and sales showed an uptick when compared to the corresponding period of last year (CPLY).
Iron ore production for the month of Dec’20 is 3.86 mn t against the production level of 3.13 mn t in Dec’19, thereby registering a growth of 23.3%. Production volume has increased by 16% in Dec’20 compared with Nov’20.
Iron ore production in Q3 of FY21 is 9.61 mnt against the production of 8.56 mnt in Q3 of FY20, thereby registering a growth of 12.3% against the CPLY.
Iron ore sales for the month of Dec’20 is 3.62 mnt against the sales level of 3.04 mnt in Dec’19, thereby registering a growth of 19.1%.
For Q3 of FY21, iron ore sales stood at 9.44 mnt against the sales in Q3 of FY20 is 8.44, thereby registering a growth of 11.8% over CPLY.
NMDC is steadily improving its performance every month and continues to enhance the production level month on month. The performance of the last few months and December showcases production and sales will exceed last year’s performance, despite the adverse circumstances of 2020. The performance is testimony to NMDC’s ability to battle any challenge and maintain its leadership position in the industry.
Sumit Deb, CMD, NMDC said, “The steady growth in performance has helped us end the year on a good note. We are on our way to better the cumulative figures of both physical and financial parameters of the previous year. Indian steel industry revival needs support to tide over the crisis and we are doing our best to cater to it. Team NMDC has always kept the nation’s interest in mind, and we hope to continue this excellent performance in the New Year.”
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