Thursday, Apr 3 2025 | Time 07:27 Hrs(IST)
Business EconomyPosted at: Apr 2 2025 1:51AM


Hyd: NMDC logs record Q4 sales

Hyderabad, Apr 1 (UNI) National Mineral Development Corporation (NMDC), India’s largest iron ore producer, on Tuesday said it has achieved 44.04 MT production and 44.4 MT sales in the fiscal year ending March 2025.
In a release, the State-owned mining company claimed it has achieved its highest-ever Q4 sales performance since inception, with sales rising to 12.66 MT.
In March 2025, the company's production stood at 3.55 MT, while its sales rose six percent year-on-year to 4.21 MT, up from 3.96 MT in March FY24. The steady growth projects NMDC’s resilience despite all odds.
In the year-ending quarter, NMDC showed a stable growth trajectory, reporting a production of 13.27 MT in Q4 FY25.
Sales witnessed a six per cent sequential increase from the December quarter (Q3 FY25) and also showed a year-on-year improvement, rising from 12.54 MT in Q4 FY24 to 12.66 MT in Q4 FY25.
Additionally, demonstrating strategic foresight and a strong commitment to capacity expansion, NMDC recorded its highest-ever standalone capex of Rs 3,707 crores.
Commending all employees on a new beginning to FY26, Company Chairman and Managing Director (CMD) Amitava Mukherjee, said, “Despite challenges, NMDC’s strategic planning and sustained efforts enabled us to maintain our top line in FY 2024-25. Entering FY26 brings us one step closer to our ambitious goal of reaching 100 million tonnes of production capacity by 2030. We must continue to drive efforts to optimize productivity and streamline operations.” UNI KNR SSP
Tags: #Hyd: NMDC logs record Q4 sales
More News

DoT intensifies action to curb spam calls/messages; disconnects 1 75 lakh connections

02 Apr 2025 | 8:12 PM

New Delhi, Apr 2 (UNI) As part of its ongoing efforts to combat spam calls and cyber fraud, Department of Telecommunications (DoT) on Wednesday said it has disconnected about 1.75 lakh Direct Inward Dialing (DID)/landline telephone numbers that were found to be involved in unauthorized promotional activities and illegal activities.

see more..

Adv Sangeetha Viswanathan new Chairperson of Spices Board

02 Apr 2025 | 7:54 PM

Kochi, Apr 2 (UNI) Adv. Sangeetha Viswanathan has assumed charge as the Chairperson of the Spices Board.

see more..

ITA Airways sets to start integration into Star Alliance

02 Apr 2025 | 7:53 PM

Kochi, Apr 2 (UNI) ITA Airways has officially received approval to start the integration process into Star Alliance following a verdict by the Star Alliance Chief Executive Board (CEB).

see more..

Cochin Port Authority releases 'Performance Highlights for 2024-25'

02 Apr 2025 | 7:51 PM

Kochi, Apr 2 (UNI) As the new financial year begins, the Cochin Port Authority has released its 'Performance Highlights for the Year 2024-25'.

see more..

IDBI Capital Markets and Securities Ltd appointed as consultant for “BPCL Ankur Fund”

02 Apr 2025 | 6:25 PM

Mumbai, Apr 2 (UNI) State-run Bharat Petroleum Corporation Limited on Wednesday said it has appointed IDBI Capital Markets & Securities Ltd. (ICMS) as Consultant for BPCL ANKUR FUND, established to make investments in high-potential early-stage startups, primarily those working in sectors aligned with BPCL’s business areas.

see more..