NMDC's iron ore production showed a 1.34% increase in January 2024 compared to the previous month, December 2023. Iron ore sales also registered an 8.83% increase during the same period.
As India's largest iron ore producer, NMDC operates three fully mechanized mines in Chhattisgarh and Karnataka, producing approximately 35 million tons of iron ore annually. As of December 2023, the Indian government held a 60.79% stake in the company.
The company reported that in the second quarter of 2023, revenue from operations increased by 20.6% compared to the previous quarter, reaching 4,013.98 billion rupees. The consolidated net profit also increased by 15.73%, reaching 1,025.07 billion rupees. Following these developments, NMDC's shares rose by 2.50% to settle at 225.35 Rupees on the BSE.
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