NMDC May sales falls 19% YoY to 3.30 MT

1 Jun 2022 , 03:17 PM

Iron ore sales in the month of May 2022 stood at 2.65 MT, falling 19.7% from 3.30 MT sold in May 2021. On a sequential basis, the companys iron ore production rose 1.59% while iron ore sales declined 15.33% in May 2022 over April 2022. NMDC is Indias single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. The iron ore mining company reported a 36% fall in standalone net profit to Rs 1,815.05 crore in Q4 FY22 as against Rs 2,837.58 crore in Q4 FY21. Shares of NMDC were up 0.28% at Rs 126.50 on the BSE. Powered by Capital Market – Live News