Records Best-ever Q4 and March month Production of Iron ore
India’s largest iron ore producer, NMDC crosses 41 Million Tonne production of iron ore for the second fiscal in a row. Producing 14.29 Million Tonnes of iron ore in the fourth quarter and 5.6 Million tonnes in March month of the Financial Year 2022-23, the State Miner logged its best-ever Quarter 4 and March month production in company history.
In FY2022-23, National Mineral Development Corporation produced 41.22 million tonnes and sold 38.25 million tonnes of iron ore despite the highest-ever rainfall of 622 centimetres in the Bailadila region since NMDC’s inception. In the fourth quarter of this fiscal, the company reported 14.29 MT production which is the highest for any quarter since inception.
NMDC achieved this production milestone despite the monsoon offset by using vision enhancement technology to mitigate foggy weather, specialized 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.
Commenting on the strong performance, Shri Amitava Mukherjee (CMD, Additional Charge) said, “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.”
Disclaimer: This is an official press release by pib.
