NMDC sets new production records in

NMDC sets new production records in the New Year

NMDC, the country's largest Iron Ore producer, and a Navratna CPSE, after a remarkable performance in the crisis year of 2020 has continued with its excellent performance in the first month of the year 2021.

Iron ore production for the month of January 2021 stood at 3.86 MT (Million Tons) against the production level of 3.31 MT in January 2020, thereby registering a growth of 16.7%. January 2021 production and sales are the highest ever January production and sales since the inception of NMDC. On 31^st January 2021, NMDC was able to achieve production of 1.65 lakh tonnes on a single day which is the highest for any day in this financial year.

Iron ore sales for the month of January 2021 is 3.74 MT against the sales level of 2.96 MT in January 2020, thereby registering a growth of 26.4%.

Iron ore production upto January in FY21 is 25.66 MT i.e. at par with CPLY. Similarly iron ore sales upto January in FY21 is 26.01 MT which is above CPLY, inspite of COVID-19 pandemic this year.

With the encouraging production and sales figures this year, NMDC will exceed the production and sales of the previous year. The steady performance in 2020-21 despite the problems caused by the COVID-19 pandemic and the continuous improvement in performance showcases the determination and grit of Team NMDC.

Speaking about the production achievements, Shri Sumit Deb, CMD, NMDC, commented, “NMDC is on its way to exceed and maintain its leadership in the industry. We performed remarkably well during the crisis of 2020 and with modern processes being implemented we are confident to do even better. NMDC is the first PSE to implement SAP S4 HANA making us frontrunners in the digital transformation of the mining industry. I congratulate Team NMDC for the excellent performance and I have faith that going forward we will continue to break new grounds.”

Shri Deb commenting on the budget said “This Union Budget has given thrust on infrastructure, along with manufacturing. This will drive the demand for steel which in turn will drive the demand for iron ore. NMDC with its 7 operational iron ore mines is committed to meet the increased demand of iron ore in the country. With higher spending in these sectors, the Budget has taken steps in the right direction to continue reviving the economy. This shall further increase employment opportunities in the country through private and public investments that was paved through the boost on infrastructure and other sectors.”

NMDC registers record jump in production and

NMDC registers record jump in production and
sales of iron ore in July 2020

Production improves by 35% & Sales by 20% in Chhattisgarh

The mining major NMDC, India’s largest iron-ore producer and a diversified Navaratna PSU, recorded a sharp rise in overall production and sales in July 2020 as compared to the corresponding period in July 2019.

During this period, despite the current uncertain situation due to COVID-19, NMDC has been able to achieve excellent physical performance through its continual push towards higher volumes which saw production of 2.19 MT and sales 2.57 MT that grew by 13% and 7% over the corresponding period last year, respectively.

In July 2020, the Chhattisgarh Projects registered a production of 1.56 million tonnes as compared to the total production of 1.16 million tonnes in the corresponding month of July last year, an increase of 35% in production. NMDC also achieved record sales in July 2020 by selling 1.90 million tonnes of Iron ore in July 2020 against 1.60 million tonnes in July 2019, which is 20% higher than the previous year.

Shri Sumit Deb, Chairman-cum-Managing Director of NMDC, commented that, “The last few months have been quite challenging for the entire industry due to the COVID-19 pandemic situation impacting the performance of all major producers. However this challenge was treated as an opportunity by us to accelerate our efforts towards stabilizing the production and continuously improving our production processes. Going forward NMDC will strive to maximize cost efficiencies to improve its bottom-line.”