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Informist, Tuesday, Apr. 1, 2025

 

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--Source: NMDC FY25 iron ore sales 44.4 mln tn vs 44.5 mln tn yr ago
--Source: NMDC FY25 iron ore output 44.04 mln tn vs 45.02 mln tn yr ago
--Source: NMDC Jan-Mar iron ore sales 12.58 mln tn vs 12.50 mln tn a yr ago
--Source: NMDC Jan-Mar iron ore output 13.27 mln tn vs 13.24 mln tn a yr ago
--Source: NMDC Mar iron ore sales 4.12 mln tn vs 3.96 mln tn a yr ago
--Source: NMDC Mar iron ore output 3.6 mln tn vs 4.86 mln tn a yr ago
 

 

By Narayana Krishna

 

HYDERABAD - Despite disruption due to work-to-rule call by the workers, public sector iron ore major NMDC Ltd. achieved a 4% on-year growth in its iron ore sales for March to 4.12 million tonnes against 3.96 million tonnes a year ago, a source told Informist. However, the company's iron ore output for the month declined 30% on year to 3.6 million tonnes from 4.86 million tonnes a year ago.

 

While sales were not impacted in March, NMDC lost at least 2 million tonnes of iron production due to the work-to-rule call given by workers unions, which resulted in missing the yearly targets, the source said.

 

For 2024-25 (Apr-Mar), NMDC's iron ore sales were slightly lower, by 0.2% on year, at 44.4 million tonnes against the 44.5 million tonnes a year ago, while output declined 2% on year to 44.04 million tonnes. NMDC had set a target of 50 million tonnes each in iron ore sales and output for FY25.

 

For Jan-Mar, NMDC's iron ore sales were up 0.7% on year at 12.6 million tonnes, against the 12.5 million tonnes recorded a year ago. Iron ore output for the March quarter was up 0.2% on year at 13.27 million tonnes against the 13.24 million tonnes in the year-ago period. The quarterly production was aided by better output during Jan-Feb, while March was hit by the workers' agitation, the source mentioned above said.

 

At 1428 IST, shares of NMDC traded at INR 69.94 on the National Stock Exchange, up 1.5% from its previous close.  End

 

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

 

Edited by Tanima Banerjee

 

 

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