NMDC iron ore production jumps 20% in May, sales decline 7%

State-owned iron ore producer NMDC on Monday said that its production increased by 19.9 per cent to 5.31 million tonnes (MT) in May.

The production was 4.43 MT in the year-ago period.

However, the company’s sales during the last month dropped by 6.9 per cent to 4.04 MT, from 4.34 MT in the year-ago period, according to provisional figures of NMDC.

In Chhattisgarh, the production increased to 3.99 MT from 3.06 MT. Sales in the state rose to 3.34 MT as compared to 3 MT recorded in the year-ago period.

In Karnataka, the production dropped to 1.32 MT, from 1.37 MT recorded in May last year.

Sales in Karnataka also declined to 0.70 MT from 1.34 MT.



On a cumulative basis, in April and May, production rose to 9.96 MT from 8.43 MT, while sales declined to 7.72 MT against 7.94 MT.

NMDC is India’s largest producer of iron ore.

Source

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