NMDCs iron ore output up 5.31% in H1 of FY14

Written by Press Trust of India | Hyderabad | Updated: Oct 18 2013, 08:29am hrs
State-owned NMDC on Thursday said its iron ore production for the half-year ended September 30 has risen by 5.31% to 12.89 million tonnes (mt). The PSU produced 12.24 mt during the corresponding period last year. According to a filing with bourses, NMDC said that its overall ore sale has registered a growth of 8.09% during the first half of the fiscal to 13.75 mt against 12.72 mt during April-September of 2012-13.

While sale from Karnataka mines has gone up by 13.33% to 4.42 mt during the period under review, Chhattisgarh registered a 5.78% growth to 9.33 mt, the miner said. Similarly, production of ore from Karnataka has shown 9.90% growth at 4.44 mt, while the same from Chhattisgarh was at 8.45 mt registering a 3.05% growth during the first-half of the last fiscal, it added.

NMDC shares were quoted at R129.70 apiece on BSE at 12.40 pm. The miner also said that its Board of Directors would meet on October 24 to announce the unaudited financial results of the company for the quarter ended September 30, 2013 (Q2).