16
Feb
09:33
NMDC posts strong December-quarter growth, eyes 50mt production
State-run iron ore miner NMDC witnessed remarkable growth in the third quarter (FQ3) of its 2024 fiscal year (FY24).
Production and sales rose by 15% and 19% year-on-year respectively to 12.22 million tonnes and 11.39mt. On a quarterly basis, production surged 38%, notes Kallanish.
Nine-month production hit 31.78mt, with the miner eyeing 50mt for the fiscal year. This will be boosted by the Bacheli and Kumaraswamy mine projects, which are commissioning in the nex…
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Anonymous
Very good overview of the weekly steel market.
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