NMDC output, sales increase 11% in October 

NMDC reports 11% Y-o-Y increase in Oct iron-ore production/sales to 3.92 mt/3.44 mt respectively. Cumulative production/sales up 19%/23% to 23.48 mt/23.99 mt. Best-ever October/nine-month performance. CMD credits Team NMDC's "steely spirit" for record-breaking results.

State-owned miner NMDC reported a 11% year-on-year increase in iron-ore production and sales to 3.92 million tonne (3.53 mt) and 3.44 mt (3.09 mt) respectively for October.

Production up to October this fiscal was 19% more at 23.48 mt (19.71 mt), while cumulative sales increased 23% to 23.99 mt (19.44 mt). This was the best-ever October and up-to October (nine months) performance, India’s largest iron ore producer said.

“These numbers are the wind beneath our wings in our flight towards the target of 50 mt production. Record-breaking performances month after month are a testament to Team NMDC’s steely spirit,” said Amitava Mukherjee, CMD (additional charge).