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04 Mar

India’s NMDC clocks best 11-month performance

Leading Indian iron ore producer NMDC reported iron ore production and sales of 40.24 million tonnes and 40.48mt respectively in the 11 months of the fiscal year through March 2024. These represent the highest cumulative volumes recorded up to February, increasing almost 13% and over 21% respectively on-year, Kallanish notes. In February alone, NMDC’s iron ore output witnessed a year-on-year decline to 3.92mt; however, sales experienced a nearly 6% rise to 3…
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