India’s largest iron ore producer NMDC (National Mineral Development Corporation), in spite of volatile situation in global iron and steel market has achieved record iron ore production of 7.18 MT during the second quarter of 2017-18 registering an increase of 14 per cent over the corresponding period last year (CPlY) and sales of iron ore was 8.30 MT, which is about 4 per cent more than that of the CPlY.
NMDC has posted a turnover of Rs 2,421 crore during the second quarter of 2017-18, representing an increase of 39 per cent over the turnover of CPlY. The company has recorded PBT of Rs 1,241 crore and PAT of Rs 844 crore in the 2nd quarter of 2017-18 which is up by around 19 per cent & 10 per cent respectively over CPlY.
Similarly, NMDC’s production of iron ore for the first half year 2017-18 is 15.67 MT registering a rise of 13 per cent over CPlY and sales of iron ore is 17.48 MT which is up by 11 per cent over the CPlY.
NMDC's turnover for the first half year of 2017-18 is Rs 5,263 crore, PBT Rs 2,809 crore and PAT Rs 1,814 crore which is increased by 52 per cent, 31 per cent and 22 per cent over the CPlY respectively.