NMDC Reports Total Production of Iron Ore at 5.63 Million Tonne in May 2017
DSIJ Intelligence / 16 Jun 2017
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.
In May 2017, the total production of iron ore stood at 5.63 million tonne as compared to 2.98 million tonne in April 2017, rising nearly 89% (MoM), reported NMDC in a regulatory filing on Thursday.
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.
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.
At Rs 113 per share, the stock of the company on the NSE is trading higher by Rs 0.8 per share or 0.7% at 1048 hours. It has given 21% return in one year period and has under performed the BSE Metal and outperformed the BSE Sensex indices over the same time span.
The stock had hit its 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.
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