The Minister of State for Mines, Steel and Labour and Employment, Shri Vishnu Deo Sai has said that NMDC Ltd. produced 30.2 million tonnes of iron ore during 2013-14 which is only about 20% of the total iron ore production of 152.06 (P) million tonnes in the country during 2013-14. Details of iron ore produced and supplied by NMDC during last 3 years are as under:
Year Production SalesEXPORT DOMESTIC TOTAL2011-12 27.3 0.39 26.91 27.32012-13 27 1.6 24.67 26.272013-14 30.2 2.3 28.2 30.5 (Qty in Million Tonne)
Shri Vishnu Deo Sai has said that the consumption of iron ore by the domestic industries during 2013-14 was estimated at 103.73 million tonnes, whereas total production of iron ore in the country during 2013-14 was 152.06 million tonnes (P). NMDC supplied about 27% of the estimated consumption of iron ore by the domestic industries in 2013-14. The remaining requirement of iron ore by the domestic industry was either sourced from captive iron ore mines or was supplied by other iron ore producers.
The minister said that Iron ore being in deregulated sector, its supply is sourced by the individual companies based on their individual requirement. However NMDC is taking steps to increase its production of iron ore by opening up new iron ore mines and expanding the capacity of existing iron ore mines.
Source: Business Standard