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NMDC Reports Total Production of 4.71 MT in December 2024

Updated on: Jan 2, 2025, 12:46 PM IST
NMDC's December 2024 iron ore production rose to 4.71 MT, but sales fell to 3.91 MT. Cumulative output and sales also slightly declined year-over-year.
NMDC Reports Total Production of 4.71 MT in December 2024
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NMDC Limited has announced the provisional production and sales details of iron ore for December 2024 and the cumulative period up to December 2024. The data highlights a mixed performance across key regions, including Chhattisgarh and Karnataka.

Monthly Performance

In Chhattisgarh, the production for December 2024 stood at 3.34 MT, a slight increase compared to 3.21 MT in December 2023. However, sales during December 2024 declined to 2.73 MT compared to 3.11 MT in December 2023.

In Karnataka, production rose from 1.27 MT in December 2023 to 1.37 MT in December 2024, reflecting a modest growth. Sales for the same period also improved, reaching 1.18 MT in December 2024 compared to 1.08 MT in December 2023.

Overall, the total production across these regions increased to 4.71 MT in December 2024 from 4.48 MT in December 2023. However, total sales declined slightly to 3.91 MT from 4.19 MT during the same period.

Cumulative Performance (Upto December 2024)

The cumulative production in Chhattisgarh till December 2024 stood at 20.47 MT, a decrease compared to 21.46 MT in the previous year. Sales during this period increased slightly to 22.43 MT from 22.16 MT.

In Karnataka, cumulative production for December 2024 remained nearly stable at 10.30 MT, slightly lower than 10.32 MT in December 2023. Cumulative sales for Karnataka declined to 9.37 MT in December 2024, compared to 9.78 MT in December 2023.

The total cumulative production across regions decreased to 30.77 MT by December 2024, compared to 31.78 MT the previous year. Total cumulative sales also saw a marginal decline to 31.80 MT, down from 31.94 MT in December 2023.

On January 2, 2025, NMDC share price opened at ₹65.98, touching the day’s high at ₹66.90, as of 9:59 AM on the NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 2, 2025, 10:02 AM IST

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