BackNMDC iron ore production up 11%
Iron ore sales were at 30.50mt during the year, approximately 16% more than last year, the company said
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Mumbai: NMDC Ltd, India’s largest iron ore miner, produced 30.18 million tonnes (mt) of iron ore in the year ended 31 March, an increase of 11% from the previous year and a record high, the company said in a statement on Thursday. Iron ore sales were at 30.50mt during the year, approximately 16% more than last year, the company added.
The production of diamonds from India’s only diamond mine operated by NMDC in Panna, Madhya Pradesh also registered a growth of 17% at 37,047 carat in 2013-14, compared to 31,533 carat a year ago. As against an envisaged target of Rs2,720 crore for the year 2013-14, the company incurred Rs2,518 crore for its various expansion and diversification projects.
Development was carried out at two new mines—Deposit-11B iron ore project in Chhattisgarh and Kumaraswamy iron ore mine in Bellary, Karnataka—as part of its expansion programme.
The company said installation of a 3mt steel plant at Nagarnar in Chhattisgarh, as part of NMDC’s forward integration programme and value addition, is in various stages of execution.
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