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 August 18, 2024 edition of THE WEEK India.
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 August 18, 2024 edition of THE WEEK India.
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
The female act
The 19th edition of the Qadir Ali Baig Theatre Festival was of the women and by the women
A SHOT OF ARCHER
An excerpt from the prologue of An Eye for an Eye
MASTER OF MAKE-BELIEVE
50 years. after his first book, Jeffrey*Archer refuses to put down his'felt-tip Pilot pen
Smart and sassy Passi
Pop culture works according to its own unpredictable, crazy logic. An unlikely, overnight celebrity has become the talk of India. Everyone, especially on social media, is discussing, dissing, hissing and mimicking just one person—Shalini Passi.
Energy transition and AI are reshaping shipping
PORTS AND ALLIED infrastructure development are at the heart of India's ambitions to become a maritime heavyweight.
MADE FOR EACH OTHER
Trump’s preferred transactional approach to foreign policy meshes well with Modi’s bent towards strategic autonomy
DOOM AND GLOOM
Democrats’ message came across as vague, preachy and hopelessly removed from reality. And voters believed Trump’s depiction of illegal immigrants as a source of their economic woes
WOES TO WOWS
The fundamental reason behind Trump’s success was his ability to convert average Americans’ feelings of grievance into votes for him
POWER HOUSE
Trump International Hotel was the only place outside the White House where Trump ever dined during his four years as president
DON 2.0
Trump returns to presidency stronger than before, but just as unpredictable
