NMDC Exceeds 41 Million Tonnes of Iron Ore Production for Second Year Running

India’s preeminent ferrous ore purveyor, NMDC, generated a prodigious 41 million tonnes (MT) of iron ore in fiscal year 2022-23 (FY23), achieving this illustrious feat for two consecutive financial years. The State Miner’s fourth quarter yielded 14.29 MnT, while March’s output reached 5.6 MnT, culminating in a record-breaking Q4 and March month in the annals of the corporation.

In FY23, NMDC’s production of 41.22 million tonnes was accompanied by sales of 38.25 million tonnes of iron ore, notwithstanding an unprecedented deluge of 622 cm in the Bailadila region since the company’s genesis. The fourth quarter’s 14.29 MnT production represented a zenith for any quarter since the firm’s establishment.

ALSO READ :  Nikola’s stock crashes after announcing cancelation of contract with Republic Services for 2,500 garbage trucks – NewsNifty

Undeterred by the monsoon, NMDC attained this prodigious milestone through the utilization of vision augmentation technology to counteract foggy conditions, bespoke mine liners to circumvent obstructions, and hygroscopic polymers to diminish ore moisture content. Aspiring to amplify production capability, the mining titan bolstered its evacuation capacity in FY23.

Reflecting on the robust performance, Amitava Mukherjee (CMD, Additional Charge) remarked, “Eclipsing 41 MnT of iron ore production in the face of unparalleled torrential rain epitomizes NMDC’s fortitude, adaptability, and unwavering dedication to ensuring mineral security. Propelled by an unrivaled Q4 production in FY23, NMDC embarks on FY24 with the optimal momentum.”

ALSO READ :  iOS 15: Find more information about the latest iOS from Apple
You May Also Like

Indian Film actor Sushant Singh Rajput commits suicide

Sushant Singh Rajput a 34 years old Indian bollywood performer submitted sucide…

Estonian proptech Rendin raises €1.2M seed for its long-term rental platform – NewsNifty

Rendin, an Estonian proptech startup that needs to improve the home rental…

Pinterest’s $22.5M settlement highlights tech’s inequities, say former employees who alleged discrimination – NewsNifty

When Ifeoma Ozoma and Aerica Shimizu Banks, earlier of Pinterest’s approach group,…

An even bigger battle for gig worker rights is on the horizon – NewsNifty

When California electors passed Proposition 22 with 58.6% of the vote, they…