NMDC Records 24% Growth In Production During 2021-22

Steel Ministry's entity NMDC recorded 24 per cent production growth as it produced 42.19 million tonnes of iron ore in 2021-22

NMDC Records 24% Growth In Production During 2021-22

NMDC's production rose 24 per cent in 2021-22

Steel Ministry's entity National Mineral Development Corporation (NMDC) recorded 24 per cent production growth as it produced  42.19 million tonnes of iron ore in 2021-22, compared to 34.15 million tonnes production recorded last year.

In 2021-22, NMDC sold 40.56 million tonnes of iron ore, which was 22 per cent more than 33.25 million tonnes it had sold in 202-21.

During the March quarter of 2021-22, NMDC produced 13.86 million tonnes of iron ore as against 12.31 million tonnes in the corresponding period of last year, which was a growth of 13 per cent.

At the same time, it recorded 11 per cent growth in sales during March quarter as it sold 12.29 million tonnes of iron ore compared to 11.09 millon tonnes it had sold in March quarter of 2020-21.

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