NMDC stock hits 52-week high after iron ore sales jump 12% yoy to 3.25MT in Feb 2021

Iron ore production jumped 19.14% to 3.86 million tonnes (MT) in February 2021 from 3.24 MT in February 2020.

March 02, 2021 1:21 IST India Infoline News Service

NMDC Limited's iron ore sales climbed 11.68% to 3.25 million tonnes (MT) in February 2021 from 2.91 MT in February 2020. Iron ore production jumped 19.14% to 3.86 million tonnes (MT) in February 2021 from 3.24 MT in February 2020, the state-owned miner said in a regulatory filing on Monday.

The February 2021 sales from two mechanised mines in Chhattisgarh was 2.62 MT compared to 2.42 in February 2020 and production was 3.15 MT compared to 2.93 MT in February 2020.

From the Karnataka mine the February 2021 sales stood at 0.63 MT from 0.49 MT in February 2020 and production at 0.71 MT compared to 0.31 MT in February 2020.

At around 1.22 pm, NMDC Ltd was trading at Rs132.30 per piece up by Rs0.7 or 0.53% from its previous closing of Rs131.60 on the BSE. The company climbed new 52-week high of Rs134.95 per piece on Tuesday. 

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