India: NMDC logs 10% growth in iron ore production in FY’24

  • NMDC, India’s largest iron ore producer, recorded iron ore production volumes of 45.10 mnt in FY’24, rising by 10% y-o-y. However, sales rose by 16% to 44.5 mnt.
  • Monthly output stood at 4.86 mnt in Mar’24, an increase of 19% m-o-m. However, iron ore sales fell marginally by 1% m-o-m to 3.96 mnt in Mar as against 3.99 mnt in Feb.