NMDC Q1 Profit Rises to ₹2,007 Crore on Stronger Output

NMDC is a big Indian company that digs iron ore out of the ground and sells it to steel makers.

In the first quarter of this financial year, the company made more profit than it did at the same time last year.

Its profit went up to about ₹2,007 crore.

The company also dug up a lot more iron ore — 26% more than the year before.

This happened because its machines were used more and its operations improved.

The money the company earned from selling its products also went up a little bit.

NMDC wants to produce 60 million tonnes of iron ore this year.

By 2030, it hopes to produce 100 million tonnes.

The company's chief said it began the year with strong production and improved profitability.

Iron ore is very important for making steel in India, so the company is a key supplier to the country's steel industry.