An impressive increase in sales (16 per cent) and production of iron ore (10 per cent) was witnessed during 2023-24 as compared to the last financial year What efforts went into achieving these figures?
The volumes delivered by NMDC in FY24 were indeed impressive. The production of 45.1 MT and sales of 44.4 MT, made NMIC the first iron ore mining company in India to surpass the 45 million tonne milestone! With strategic agility towards capacity building, we outperformed the capex target for FY24 with an expenditure of ₹2,014 crore, up by 14 per cent of the target.
Strategic investment in manpower, machine, and material led to streamlined projects and enhanced operations. In FY24, a new vertical"Works OrganisationN was also introduced in the company line for timely execution and monitoring of projects: Some achievements of building dedicated responsibility centres in the company were commencement of operations from the Kumar Marenga stockyard, implementation of an all inclusive pricing mechanism, and development of digital business intelligence.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
What Will It Take To Clean Up Delhi Air?
IT IS ASKED, year after year, why Delhi’s air remains unbreathable despite several interventions to reduce pollution.
Trump and the crisis of liberalism
Although Donald Trump's election to a non-consecutive second term to the US presidency is not unprecedented—Grover Cleveland had done it in 1893—it is nevertheless a watershed moment.
Men eye the woman's purse
A couple of months ago, I chanced upon a young 20-something man at my gym walking out with a women’s sling bag.
When trees hold hands
A filmmaker explores the human-nature connect through the living root bridges
Ms Gee & Gen Z
The vibrant Anuja Chauhan and her daughter Nayantara on the generational gap in romance writing
Vikram Seth-a suitable man
Our golden boy of literature was the star attraction at the recent Shillong Literary Festival in mysterious Meghalaya.
Superman bites the dust
When my granddaughter Kim was about three, I often took her to play in a nearby park.
OLD MAN AND THE SEA
Meet G. Govinda Menon, the 102-year-old engineer who had a key role in surveying the Vizhinjam coast in the 1940s, assessing its potential for an international port
Managing volatility: smarter equity choices in uncertain markets
THE INDIAN STOCK MARKET has delivered a strong 11 per cent CAGR over the past decade, with positive returns for eight straight years.
Investing in actively managed low-volatility portfolios keeps risks at bay
AFTER A ROARING bull market over the past year, equity markets in the recent months have gone into a correction mode as FIIs go on a selling spree. Volatility has risen and investment returns are hurt.
