- 02 Mar 2022
- ICICIdirect Research
Healthy traction from Karnataka aids overall NMDC volume growth
NMDC - 208 Change: 0.75 (0.36 %)News: NMDC reported production and sales volumes for February 2022. Production volume for February 2022 was at 4.31 million tonnes (MT), up 12 % YoY, while sales volume was at 3.97 MT, up 22% YoY. During April 2021-February 2022, NMDC’s production volume was at 37.18 MT, up 26% YoY, while sales volume was at 36.57 MT, up 25% YoY
Views:Post the restart of the Donimalai mines, NMDC has been reporting healthy volume from the Karnataka segment, which has aided overall volume growth. During April 2021- February 2022, the Karnataka segment reported production volume of 10.91 MT, up 57% YoY, while for the 11 month period, Karnataka segment sales volume was at 10.32 MT, up 58% YoY. During April 2021-February 2022, Chattisgarh segment reported production volume of 26.27 MT, up 16% YoY, while for the 11 month period, Chattisgarh segment sales volume were at 26.25 MT, up 16% YoY
Impact:Neutral