NMDC, a mining company, saw a significant rise in its iron ore production. Specifically, during the period from October to December 2023, NMDC produced 12.22 million tonnes of iron ore. This represents a 15% increase compared to its previous production levels.
In simpler terms, NMDC mined more iron ore during this period than it did before, which is a positive development for the company. Increased production often indicates higher demand for iron ore, which could potentially lead to improved revenues and profitability for NMDC.