Speed Post News Network
New Delhi : National Mineral Development Corporation Ltd. (NMDC), Country’s largest iron ore producer, a CPSE under Ministry of Steel, reported production of 4.31 MT and sale of 3.97 MT of iron ore for the month of February 2022.
This reflects a growth of 11.7% in production and 22.2% in sales over the CPLY, the highest production and sales numbers for any February in the history of the mining major.
Cumulative production and sales for the first eleven months of FY22, up to February 2022, stood at 37.18 MT and 36.57 MT respectively registering a growth of 26% in production and 25.5% in sales over the same period last year. These also represent the best ever 11 months of physical performance for NMDC, according to a PIB release.
Congratulating the NMDC team for yet another impressive performance, NMDC CMD Sumit Deb said, “With an overwhelming performance this month, NMDC remains an iron and steel powerhouse and this success is attributed to all the stakeholders of the company. This strong performance underwrites our commitment to stay on the growth path.”
(in Million Tonnes)
| 2021 | 2022 | Up by % | |
| Production in February | 3.86 | 4.31 | 11.7% |
| Sales in February | 3.25 | 3.97 | 22.2% |
| Production up to February (11 months) | 29.52 | 37.18 | 26% |
| Sales up to February (11 months) | 29.15 | 36.57 | 25.5% |