Odisha’s Iron Ore Production Falls by 31% in Jul’16

In first four months of FY17, iron ore production from Odisha stood at 30.1 MnT up by 48% Y-o-Y.

Odisha’s iron ore production which was recorded at 7.69 MnT in Jun’16 declined further to 5.29 MnT in Jul’16, during monsoon thereby registering a downfall of 31% M-o-M.

Amongst the merchant miners, Rungta Mines was the largest producer at 0.84 MnT (down by 43% M-o-M) followed by Serajuddin Mines at 0.71 MnT (down by 22% M-o-M) and KJS Ahluwalia (down by 9% M-o-M) in Jul’16.

Talking about captive miners, Tata Steel’s iron ore production increased marginally by 4% M-o-M to 0.93 MnT in Jul’16. Iron ore production of SAIL was recorded at 0.45 MnT in Jul’16 (down by 22% M-o-M).

State-owned miner – OMC has noticed decline of 84% M-o-M in Jul’16 and its production was recorded at 0.05 MnT.

Mine-wise iron ore production in Odisha – Jul’16 Vs Jun’16

Qty in MnT
Provisional data
Source: SteelMint Research

Odisha government expects state’s iron ore production to ramp up to 100 MnT in FY17. Odisha’s iron ore production has witnessed increase of 48% Y-o-Y during first four months of this fiscal (i.e. Apr’16-Jul’16) . State’s iron ore production which stood at 20.3 MnT (Apr’15-Jul’15) moved up to 30.1 MnT in the same period this fiscal.