NMDC’s FY25 iron ore output slides 2% to 44.04 MT, gross sales tad decrease at 44.40 MT 

India’s largest iron ore producer NMDC reported a greater than 2% yr on yr decline within the output at 44.04 million tonnes for 2024-25, whereas gross sales at 44.40 MT was a tad decrease.

Within the earlier fiscal, the State-owned miner had posted a file 45.2 MT manufacturing and 44.48 MT gross sales.

In March, which noticed staff protest over wages for about two weeks impacting the output, manufacturing of the important thing uncooked materials for metal declined nearly 27% to three.55 MT (4.86 MT).

Gross sales for the month elevated greater than 6% to 4.21 MT (3.96 MT). The corporate mentioned the regular development tasks NMDC’s resilience regardless of all odds.

This autumn gross sales at 12.66 MT (12.54 MT) was the highest-ever since inception, NMDC mentioned. Manufacturing for the quarter stood at 13.27 MT.

“Regardless of challenges, NMDC’s strategic planning and sustained efforts enabled us to keep up our prime line in FY 2024-25. As we step into the brand new monetary yr, India’s iron ore demand continues to rise, pushed by decrease exports and regular enlargement in service provider mining,” CMD Amitava Mukherjee mentioned.

“FY26 brings us one step nearer to our bold purpose of reaching 100 million tonnes of manufacturing capability by 2030. We should proceed to drive efforts to optimise productiveness and streamline operations,” he mentioned.

Throughout the fiscal ended March 31, the corporate recorded its highest-ever standalone capital expenditure of Rs.3,707 crore thus demonstrating strategic foresight and a robust dedication to capability enlargement, NMDC mentioned in a launch.