However, the company's iron ore sales have declined by 6.7% to 3.91 MT in December 2024 from 4.19 MT in December 2023.

The iron ore production in the Chhattisgarh division rose 4% YoY, while sales dipped by 12.2%. In contrast, the Karnataka division witnessed a 7.9% YoY increase in production and an 8.3% YoY rise in sales volume.

The company's cumulative production for the year up to December 2024 reached 30.77 MT, a 3.2% YoY decline. Sales for the same period stood at 31.80 MT, a slight 0.4% decrease compared to the previous year.

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 of September 2024, the Government of India held 60.79% stake in the firm.

The company had reported 18.1% jump in consolidated net profit to Rs 1,211.57 crore on 22.5% increase in net sales to Rs 4,918.91 crore in Q2 FY25 over Q2 FY24.

The scrip rose 0.55% to currently trade at Rs 66.34 on the BSE.