NMDC New Delhi/IBNS: National miner NMDC registered its best-ever Q3 production with 10.66 million ton produced in the third quarter of FY23, the Ministry of Steel said in a statement.
NMDC reported a turnover of Rs. 11,816 crore for the first nine months of this financial year.
The company’s Profit Before Tax (PBT) for the nine months is Rs 4351 crore and Profit After Tax (PAT) for the nine months is Rs 3252 crore.
NMDC produced 10.66 million tonnes (MnT) and sold 9.58 million tonnes (MnT) of iron ore in the third quarter of FY23.
Cumulative production and sales figures for the first three quarters stood at 26.69 MnT and 25.81 MnT respectively.
NMDC has also declared an Interim Dividend of Rs. 3.75 per share.
Commenting on the performance, NMDC CMD Sumit Deb said this year’s Union Budget emphasis on increasing capex will propel a robust domestic steel demand.
“With thriving iron ore production and increased capital that can be reinvested in the company, NMDC is ready to meet the demand. I congratulate the team NMDC for its best-ever Q3 production,” Deb said added.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
