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Iron ore mining major NMDC Ltd has registered a growth of 20 per cent in production and 24 per cent in sales of iron ore during 2016-17 over the previous financial year.
NMDC produced 34.03 million tonnes and sold 35.62 million tonnes of iron ore during 2016-17 as against production of 28.58 million tonnes and sales of 28.84 million tonnes in the corresponding period last year.
The state-owned mining company produced 10.37 million tonnes and sold 9.77 million tonnes of iron ore during the fourth quarter ended March 31, 2017 as against production of 8.53 million tonnes and sales of 8.55 mt achieved during the corresponding period last year. This shows a growth of 22 per cent in production and 14 per cent in sales over the corresponding period last year.
The company performance shows that this has been the highest ever annual iron ore production and sales of NMDC, according to a statement from the company.
NMDC shares closed at Rs 135.15, down 1.5 per cent at BSE on Friday.
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