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NMDC shares gain after April iron ore output rises 15% YoYShares of the company were trading at a price of ₹65.35, up 0.6% on the BSE. By Poonam Behura  May 3, 2025, 3:27:42 PM IST (Updated)1 Min ReadState-run miner NMDC Ltd on Friday reported a 15% year-on-year rise in iron ore production for April 2025 at 4.00 million tonnes, up from 3.48 million tonnes a year earlier.

Sales rose 2.8% year-on-year to 3.63 million tonnes, compared with 3.53 million tonnes in April 2024.

Output from Chhattisgarh stood at 2.85 million tonnes versus 2.35 million tonnes a year ago, while Karnataka contributed 1.15 million tonnes, slightly up from 1.13 million tonnes.

Sales from Chhattisgarh were 2.82 million tonnes (vs 2.74 mln YoY), and Karnataka sales stood at 0.81 million tonnes (vs 0.79 mln YoY).

NMDC Limited, formerly known as National Mineral Development Corporation, is a Navratna Public Sector Undertaking (PSU) under the Ministry of Steel, Government of India. Established in 1958, NMDC is headquartered in Hyderabad and is the country’s leading iron ore producer and exporter.

The company operates three fully mechanized iron ore mines—two in Chhattisgarh (Bailadila region) and one in Karnataka (Donimalai)—with a production capacity of approximately 55 MT annually, though it achieved a record 45 MT in FY24.

Shares of the company were trading at a price of ₹65.35, up 0.6% on the BSE.Continue ReadingFirst Published: May 2, 2025 2:48 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsNMDCshare market today