NMDC Committed to India’s Steel Demand
Hyderabad: National Miner NMDC is scaling up production of iron ore to meet the demands of a thriving domestic steel market, earning higher sales realizations with zilch export.
One of Government of India’s most respected and dependable companies, NMDC has not proposed to export its ore to China as dishonorably claimed in a story run by Reuters on Tuesday evening.
Read Also : Mines Ministry Signs MoU with IEA on Cooperation in the Area of Critical MineralsIn recent interactions with business media, the company maintained that India’s appetite for iron ore is on a historic high and NMDC is consumed and committed, catering to the demand from domestic steelmakers. Speaking on the economics of export, the company said that even though iron ore export prices are showing an increasing trend, the net sales realizations in the domestic market are superior.
Read Also : NBCC Q2 results, Net Profit rises 53% to Rs 122 CroreNews Must Read
- NALCO Q2 FY25 results: Net Profit zooms, announced dividend
- MRPL Receives Special Award at Energy Technology Meet
- GRSE announced Q2 & H1 FY25 Results
- DBS Bank India CEO To Retire
- SBI, HDFC Bank and ICICI continue as RBI's Systemically Important Banks
- AK Sahney appointed as Chairman of IOCL
- GIC Re Q2 results: Net profit rises 16% to Rs 1,860.76 crore
- MOPNG Curtain Raiser for Bihar
- Public Sector Banks show strong performance in First Half of FY 2024-25
- Power Grid acquires transmission Project in Rajasthan through TBCB