NMDC exceeds 41 Million Tonne for Second Consecutive Fiscal
POWER & RENEWABLE ENERGY

NMDC exceeds 41 Million Tonne for Second Consecutive Fiscal

India’s largest iron ore producer, NMDC crosses 41 Million Tonne production of iron ore for the second fiscal in a row. Producing 14.29 Million Tonne iron ore in the fourth quarter and 5.6 Million tonnes in March month of Financial Year 2022-23, the State Miner logged its best-ever Quarter 4 and March month production in company history.

In FY2022-23, NMDC produced 41.22 million tonnes and sold 38.25 million tonnes of iron ore despite the highest-ever rainfall of 622 centimetres in the Bailadila region since NMDC’s inception. In the fourth quarter of this fiscal, the company reported 14.29 MT production which is the highest for any quarter since inception.

NMDC achieved this production milestone despite the monsoon offset by using vision enhancement technology to mitigate foggy weather, specialized mine liners to avoid jams and water-absorbent polymers to reduce the moisture content in the ores. Rallying to increase its production capacity, the mining major has also enhanced its evacuation capacity in FY2022-23.

Commenting on the strong performance, Amitava Mukherjee (CMD, Additional Charge) said, “Surpassing 41 MT of iron ore production despite unprecedented torrential rain encapsulates NMDC’s strength, resilience, and an unswerving commitment to ensure mineral security. Fuelled by the best ever Q4 production in FY23, NMDC is entering FY2023-24 with the right momentum.”

Also Read
New collector’s guideline rates to be effective on April 1
Rs 4.88 billion order bagged by NBCC from MHA to build border road

India’s largest iron ore producer, NMDC crosses 41 Million Tonne production of iron ore for the second fiscal in a row. Producing 14.29 Million Tonne iron ore in the fourth quarter and 5.6 Million tonnes in March month of Financial Year 2022-23, the State Miner logged its best-ever Quarter 4 and March month production in company history. In FY2022-23, NMDC produced 41.22 million tonnes and sold 38.25 million tonnes of iron ore despite the highest-ever rainfall of 622 centimetres in the Bailadila region since NMDC’s inception. In the fourth quarter of this fiscal, the company reported 14.29 MT production which is the highest for any quarter since inception. NMDC achieved this production milestone despite the monsoon offset by using vision enhancement technology to mitigate foggy weather, specialized mine liners to avoid jams and water-absorbent polymers to reduce the moisture content in the ores. Rallying to increase its production capacity, the mining major has also enhanced its evacuation capacity in FY2022-23. Commenting on the strong performance, Amitava Mukherjee (CMD, Additional Charge) said, “Surpassing 41 MT of iron ore production despite unprecedented torrential rain encapsulates NMDC’s strength, resilience, and an unswerving commitment to ensure mineral security. Fuelled by the best ever Q4 production in FY23, NMDC is entering FY2023-24 with the right momentum.” Also Read New collector’s guideline rates to be effective on April 1 Rs 4.88 billion order bagged by NBCC from MHA to build border road

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?