NMDC’s production, sales drop

Iron-ore major NMDC Ltd has managed to produce 28.32 million tonnes of ore and registered total sales of 28.87 mt during 2015-2016, which was lower when compared with previous year’s. The mining major produced 16.60 mt and sold 16.40 mt in Chhattisgarh. In Karnataka mines, it produced 11.72 mt and sold 12.47 mt, according to a statement filed with the BSE. Given the tough times steel makers and iron-ore miners are faced with both globally and in India, production and sales numbers have been impacted. NMDC had produced 30.02 mt in 2013-14 and a record 30.44 mt during 2014-15. The mining company had been planning to increase the production to 35 mt and to 100 MT by 2024-2025.