Friday 21st January 2022

NMDC delivers Spectacular Performance FY21 Production rises by 8%, Sales up by 6% over CPLY

Apr 4th, 2021 7:23 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
NMDC, the country’s largest Iron Ore producer, has witnessed a spectacular growth for FY21 both in production and sales performance over the CPLY. Iron ore production for FY21 stands at 34.11 MT as against the 31.49 MT in FY20 and registered a growth of 8%. Iron Ore sales during the FY21 increased by 6% at 33.27 MT as against the 31.51 MT in FY20.

Quarterly Production & Sales of 12.31 MT and 11.11 MT in Q4 are the highest ever since inception and are more by 2.84 MT (30%) and 2.49 (29%) over previous year.The Bailadila Projects at Chhattisgarh have produced 26.56 MT in FY21 as compared to last year’s production of 24.49 MT and registered a growth of 8% in production.The total sales of iron ore from Bailadila projects in FY21 is 25.85 MT against 24.46 MT in FY20, which is 6% higher than the previous year.

This year production at Kirandul Complex is 136.29 LT, monthly production 19.92 LT (March 2021) and daily production of 1.21 LT (28.03.2021) are the highest ever since inception.This year production at Bacheli Complex is 129.27 LT and monthly production 19.86 LT (March 2021) are the highest ever since inception.

Speaking about the production and sales for FY21, Sumit Deb, CMD, NMDC, commented, “It has been a year of challenges for everyone. Inspite of these situations, team NMDC has been able to excel on all fronts, including fight against COVID, enhance production and sales and also take care of its community. I congratulate all our employees and stakeholders and take pride in their resolute efforts towards this goal. I am sure with this kind of zeal and enthusiasm, we will definitely surpass 42 MT in FY22 and with the new reforms in mining rules, NMDC would look for new opportunities for capacity enhancement.

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