National Mineral Development Corporation (NMDC) reported a 17.85% year-on-year (YoY) increase in iron ore production in February 2025, reaching 4.62 million tonnes (MT), up from 3.92 MT in February 2024. However, sales dipped slightly to 3.98 MT compared to 3.99 MT in the same period last year.
Iron ore production in NMDC’s Chhattisgarh division dropped by 1.17% YoY to 3.37 MT in February 2025, while sales saw a marginal increase to 2.79 MT. Meanwhile, the Karnataka division recorded a sharp 145.09% YoY surge in production to 1.25 MT. However, sales in Karnataka fell by 1.65% to 1.19 MT.
The company’s cumulative production for the financial year up to February 2025 stood at 40.49 MT, reflecting a modest 0.62% rise compared to the previous year. Total sales for the same period were 40.20 MT, marking a slight 0.69% decline.
NMDC, India’s largest iron ore producer, operates three fully mechanized mines—two in Chhattisgarh and one in Karnataka. The Government of India holds a 60.79% stake in the company as of December 2024.
In Q3 FY25, NMDC’s consolidated net profit from continuing operations surged 29.04% to ₹1,896.99 crore, up from ₹1,470.09 crore in Q3 FY24. Revenue from operations grew 21.4% YoY to ₹6,567.83 crore.
Despite the positive earnings report, NMDC’s stock declined 1.06% to ₹61.86 on the BSE.
A 9 mm bullet was found in a commuter’s bag at Hyderabad’s Moosapet Metro Station,…
Neurosurgeon Dr Richard Veyna warns that poor sleep, stress, inactivity, and sugary diets can harm…
Amazon Diwali sale ends October 20; grab last-minute deals on Samsung, Apple, OnePlus, Realme, and…
The government has extended the GSTR-3B filing deadline to 25 October 2025, giving taxpayers extra…
The BJP on Sunday slammed Akhilesh Yadav for questioning Diwali diya spending, calling his remarks…
Virat Kohli returns to international cricket for India’s ODI series in Australia, asserting peak fitness…