NMDC has set a new benchmark with its best-ever November performance since inception. The company reported a significant increase in production and sales, underscoring its operational excellence and strategic planning.
In November 2024, NMDC achieved a production of 4.51 million tonnes (MT) of iron ore, marking an impressive 18% growth from the 3.83 MT produced in November 2023. Sales for the month also reached 4.00 MT, surpassing the previous November record of 3.79 MT, reflecting a 5.5% increase compared to the same period last year.
For the fiscal year up to November, NMDC recorded cumulative production of 26.06 MT, while sales stood at 27.84 MT, maintaining steady performance compared to the 27.31 MT production and 27.78 MT sales achieved during the same period in 2023.
Amitava Mukherjee, Director (Finance) at NMDC, expressed pride in the company’s achievement, stating, “Achieving the best-ever production and sales figures for November is a momentous achievement for NMDC. This is a reflection of the team’s steadfast dedication, rigorous efforts, and the company’s commitment to driving growth and performance. As we move forward, we remain focused on sustainable growth and delivering value to our stakeholders.”
The remarkable results are attributed to meticulous planning, optimal pricing mechanisms, and consistent off-take by customers. These factors, combined with the unwavering dedication of the NMDC team, have enhanced the company’s operational efficiency and responsiveness to market demands. Looking ahead, NMDC is on track to meet its ambitious target of 50 million tonnes of production for the fiscal year.
