NMDC Reports Rise Of Production, Sales Of Iron Ore In May

The total production of iron ore stood at 5.63 million tonne in May 2017 as compared to 2.98 million tonne in April 2017, rising nearly 89% (MoM), reported NMDC in a regulatory filing on Thursday.

The company’s monthly sales of iron ore jumped 85% in May 2017 at 6.59 million tonne from 3.56 million tonne in April 2017.

The stock of the company on the NSE is trading at Rs 113 per share higher by Rs 0.8 per share or 0.7% at 1048 hours. It has given 21% return in one year period and has underperformed the BSE Metal and outperformed the BSE Sensex indices over the same time span.

The stock had hits 52-week high of Rs 152.50 per share on 2 March 2017 and its 52-week low of Rs 88.55 per share on 24 June 2016.

NMDC Limited is an India-based company engaged in mining of iron ore. The company’s segments include iron ore, and other minerals & services. It is also engaged in the production and sale of diamond, sponge iron and wind power.

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