NMDC crosses 40 mt milestone in FY24, posts best-ever monthly sales in February

NMDC, India’s largest iron ore producer, delivered its best -ever cumulative volumes up to February 2024. NMDC produced 3.92 million tonnes and sold 3.99 million tonnes of iron ore in February 2024, taking the cumulative tally to 40.24 million tonnes production and 40.48 million tonnes sales in 11 months of FY24.

NMDC’s sales performance in February 2024 is the company’s best ever February month sales since inception. The 3.99 million tonnes sales are 6 per cent higher than the volume of iron ore sold in February 2023.

The company reported growth of 13 per cent in cumulative production and 21 per cent in cumulative sales up to February 2024 over CPLY. Achieving its highest-ever, 11-month iron ore volumes in company history, NMDC is geared up to set new milestones in FY24.

Congratulating his team for this performance, NMDC chairman and Managing Amitava Mukherjee (Additional Charge) said: “The first mining company in India to cross the 40-million tonne mark and to achieve this milestone three times in row, we are poised to deliver historic iron ore volumes in FY24. NMDC’s growth has a multiplier effect throughout the economy. We are strategically positioning ourselves to augment this growth by ramping up production capacities, enhancing supply chain reliability and transforming towards NMDC 2.0.”

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