NMDC Ltd reports 3.36% increase in Iron Ore sales in Apr-Nov
MUMBAI (Scrap Register): NMDC Ltd, India’s largest iron ore miner has reported a modest 3.36% increase in cumulative iron ore sales to 19.99 million tonne between April-November 2019 as against a sale of 19.34 million tonne in the same period last year.
While NMDC’s Chhattisgarh mines accounted for a bulk of the sales at 14.85 million tonne against 13.78 million tonne last year the contribution of the company's mines in Karnataka was lower at 5.14 million tonne this year compared to 5.56 million tonne in 2018.
NMDC also posted a marginal rise in iron ore production to 18.89 million tonne between April -November 2019 as against a production of 18.75 million tonne upto November 2018.
NMDC's total iron ore production in November 2019 was lower at 2.94 million tonne as against 3.29 million tonne in November 2018, while sales remained flat at 2.79 million tonne same as November last year.