The company's iron ore sales climbed 18.28% to 3.30 MT in November 2020 from 2.79 MT in November 2019.
Sequentially, NMDC's production increased nearly 37% and sales surged almost 31% in November 2020 over October 2020.
NMDC is India's single largest iron ore producer, presently producing about 35 million tonnes of iron ore from 3 fully mechanized mines, two located in Chhattisgarh and one in Karnataka. As on 30 October 2020, Government of India held 69.65% stake in the company.
On a standalone basis, the state-run miner's net profit rose 10% to to Rs 773.66 crore on 0.5% decline in net sales to Rs 2,229.89 crore in Q2 September 2020 over Q2 September 2019.