NMDC achieves best-ever Q4 production of iron ore

NEW DELHI: India’s largest iron ore producer, NMDC has crossed 41 million tonne production of iron ore for the second fiscal in a row. Producing 14.29 million tonne iron ore in the fourth quarter and 5.6 million tonne in the March month of Financial Year 2022-23, the State Miner logged its best ever Quarter 4 and March month production in company history.

In FY2022-23, NMDC produced 41.22 million tonnes and sold 38.25 million tonnes of iron ore despite the highest ever rainfall of 622 centimeters in Bailadila region since NMDC’s inception. In the fourth quarter of this fiscal, the company reported 14.29 MT production which is the highest for any quarter since inception.

Rallying to increase its production capacity, the mining major has also enhanced its evacuation capacity in FY2022-23. Says Amitava Mukherjee (CMD, Additional Charge), “Fuelled by the best ever Q4 production in FY23, NMDC is entering FY2023-24 with the right momentum.”