Business
NMDC, India's Largest Iron Ore Producer, Crosses 41 Million Tonne Production For Second Fiscal In A Row
Representative image (Deepak G Pawar/The India Today Group/Getty Images)
NMDC, India's largest iron ore producer, has achieved a production milestone by crossing 41 million tonnes of iron ore production for the second fiscal in a row.
The state-run miner produced 14.29 million tonnes of iron ore in the fourth quarter and 5.6 million tonnes in March 2023, marking its best-ever Q4 and March month production in company history.
NMDC is under the administrative control of the Ministry of Steel.
"In FY2022-23, NMDC produced 41.22 million tonnes and sold 38.25 million tonnes of iron ore despite the highest ever rainfall of 622 centimeters in Bailadila region since NMDC’s inception," the Ministry of Steel said on Tuesday (4 April).
The company achieved this production milestone by using vision enhancement technology to mitigate foggy weather, specialised mine liners to avoid jams, and water-absorbent polymers to reduce the moisture content in the ores.
Rallying to increase its production capacity, the mining major has also enhanced its evacuation capacity in FY2022-23, the ministry said.
In FY22, the company produced 42.19 million tonnes and sold
40.56 million tonnes of iron ore.
"Surpassing 41 MT of iron ore production despite unprecedented torrential rain encapsulates NMDC’s strength, resilience, and an unswerving commitment to ensure mineral security. Fuelled by the best ever Q4 production in FY23, NMDC is entering FY2023-24 with the right momentum," said NMDC CMD (additional charge) Amitava Mukherjee.
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