New Delhi: NMDC has produced and sold 32.36 million tonnes of iron ore during 2018-19 against production of 35.58 million tonnes and sales of 36.08 million tonnes during previous year.
The Company’s turnover for the year 2018-19 is Rs. 12,153 crore against Rs. 11,615 crore during 2017-18, registering a growth of 5%.
NMDC’s Profit Before Tax (PBT) for the year 2018-19 is Rs. 7,198 crore against Rs. 6,179 crore during 2017-18, registering an impressive growth of 17 %. Similarly, Profit After Tax (PAT) for the year 2018-19 is Rs. 4,642 crore against Rs. 3,806 crore during 2017-18, registering a record growth of 22 %.
NMDC’s turnover during the 4th quarter is Rs 3,643 Crore comparable with turnover at Rs 3,883 Cr of CPLY. NMDC has recorded Profit Before Tax (PBT) of Rs 2,197 Crore and Profit After Tax (PAT) of Rs 1,454 Cr which are higher by around 10% & 31% respectively over 4th quarter of CPLY.
The Company’s production of iron ore during the 4th quarter is 10.59 million tonnes (MT) registering a decrease of 7% over CPLY while sales of iron ore was
10.17 MT which is about 3% less than that of the CPLY.
CMD,NMDC,N. Baijendra Kumar, congratulated all the employees for their commitment, hard work and efforts. The CMD said that these results showed NMDC’s strength to bounce back in spite of operational challenges. He thanked all stakeholders, Ministry of Steel and Chhattisgarh State Government for their support.
| 4th Quarter 2018-19 | Annual 2018-19 | |
| Iron Ore Production (Million Tonnes) | 10.59 | 32.36 |
| Iron Ore Sales (Million Tonnes) | 10.17 | 32.36 |
| Turnover (Rs. In Crore) | 3,643 | 12,153 |
| Profit Before Tax (Rs. In Crore) | 2,197 | 7,198 |
Established on 15th November 1958 as a Public Sector Undertaking to explore, develop and exploit mineral resources other than fuel oil and atomic minerals, NMDC is engaged in mining of iron ore and diamonds. NMDC is India’s single largest iron ore producer, presently producing over 35 million tonnes of iron ore from 3 fully mechanized mines in Chhattisgarh and Karnataka. In acknowledgement of its substantial contribution to the domestic mineral sector in the past six decades, it has been accorded the status of Schedule-A public sector company. In recognition of its consistent performance, the Company was also categorized as a ‘Navratna’ Public Sector Enterprise in 2008.
The company is diversifying into steel making and has undertaken several capital intensive projects to modernize and increase capacities to retain its domestic leadership and is also successful in its overseas ventures.
