NMDC net, revenue leap on robust ore demand
The Hindu
Mining rally to continue in FY22: Deb
Mining major NMDC’s said its consolidated net profit surged to ₹2,836 crore for the quarter ended March from ₹315 crore in the year-earlier period on the back of iron ore demand and realisation remaining robust. Total income more than doubled to ₹6,933 crore. Iron-ore production rose 30% to 12.31 million tonnes. Iron ore sales increased 29% to 11.09 MT. These are the best-ever production and sales figures for any quarter since inception, NMDC said.
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