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Informist, Wednesday, Jan. 1, 2025

 

--Source: NMDC Dec sales down due to lower demand for iron ore 
--Source: NMDC Apr-Dec iron ore sales down 0.5% YoY at 31.8 mln tn 
--Source: NMDC Apr-Dec iron ore output down 3% YoY at 30.8 mln tn 
--Source: NMDC Dec iron ore sales down 6.7% YoY at 3.91 mln tn 
--Source: NMDC Dec iron ore output up 5% YoY at 4.7 mln tn 

 

By Narayana Krishna
 

HYDERABAD – Public sector mining major NMDC Ltd's iron ore sales in December fell 6.7% year-on-year to 3.9 million tonnes due to lower demand for the commodity from steel mills, a company source told Informist. The company's iron ore output in December rose 5% on year to 4.7 million tonnes. 

 

On a cumulative basis, the company's iron ore sales in Apr-Dec were down 0.5% on year at 31.8 million tonnes, while output rose 3% on year to 30.8 million tonnes. NMDC has an annual production and sales target of 50 million tn each for 2024-25 (Apr-Mar). 

 

At 1402 IST, shares of NMDC were at INR 65.94, flat compared to the previous close.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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