Tag: NMDC Iron ore rake movement

CG based Units Reduce Iron Ore Sourcing from NMDC by 50% in Apr’16

May 3, 2016

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by

Nishtha Mukherjee

in Uncategorized

NMDC supplied 273 rakes of iron ore from its Chhattisgarh mines in Apr’16 compared to 280 rakes in Mar’16. Post NMDC iron ore price hike by INR 140-270/MT in Apr’16, Chhattisgarh based plants reduced their procurement from NMDC Bailadila mines and preferred to go for Odisha iron ore. In Apr’16, Chhattisgarh based units procured only…