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NMDC Continues Growth Trajectory Recording 63% increase in Sales and 45% in Production over CPLY (April-May)

Jun 2nd, 2021 8:23 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
Hyderabad, 1st June, 2021: NMDC, the country’s largest Iron Ore producer continued its growth streak with a sturdy performance in May 2021 also. The company produced 2.79 MT and sold 3.30 MT iron ore in May 2021, securing a growth of 22% in production and 30% in sales against May 2020.Cumulative production and sales figures upto May ’21 stood at 5.91 MT and 6.39 MT respectively, thereby achieving 45% more production and 63% more sales over CPLY. The Kirandul Complex at Chhattisgarh achieved record production (10.45 LT) and despatch (14.23 LT) in May 2021, highest in any May month since inception.

Commenting on the performance Sumit Deb, CMD, NMDC expressed satisfaction at the overall results and said, “NMDC employees have been putting their best efforts during the resurgence of the second wave of COVID-19 to secure the raw material needs of the country. I attribute this accomplishment to the perseverance and performance of NMDC employees. As the COVID situation across our major production projects shows an improvement, I am positive that we will perform even better in the coming months”.

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