NMDC produced and sold 32.36 million tonnes of iron ore during 2018-19

Speed Post News Network

New Delhi : National Mineral Development Corporation (NMDC) has produced and sold 32.36 million tonnes of iron ore during 2018-19 against production of 35.58 million tonnes and sales of 36.08 million tonnes during previous year. The Company’s turnover for the year 2018-19 is Rs 12,153 crore against Rs 11,615 crore during 2017-18, registering a growth of 5%.

NMDC’s Profit Before Tax (PBT) for the year 2018-19 is Rs 7,198 crore against Rs 6,179 crore during 2017-18, registering an impressive growth of 17 %. Similarly, Profit After Tax (PAT) for the year 2018-19 is Rs 4,642 crore against Rs 3,806 crore during 2017-18, registering a record growth of 22 %.

CMD,NMDC ,N Baijendra Kumar, congratulated all the employees for their commitment, hard work and efforts. The CMD said that these results showed NMDC’s strength to bounce back in spite of operational challenges. He thanked all stakeholders, Ministry of Steel and Chhattisgarh State Government for their support, according to a PIB release.