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The country's largest iron ore producer NMDC has reported a 53 per cent jump in its net profit in the October-December quarter on the back of smart recovery in both production and sales that beat market expectations on account of disruptions ...
NMDC sets new production record amid pandemic By IANS | Published on Wed, Feb 3 2021 0:03 IST | 0 Views New Delhi, Feb 2 : The National Mineral Development Corporation (NMDC), the country's largest iron ore producer, had registered its highest ever level of sales and production in January, beating market expectations amid the Covid-19 pandemic. The company's iron ore production for the month of January 2021 stood at 3.86 million tonnes (MT) against the production level of 3.31 MT in January 2020, thereby registering a growth of 16.7 per cent. January 2021 production and sa...
Iron ore prices are more or less plateaued and there isn’t much scope for further increase, said Sumit Deb, CMD of NMDC. Deb’s comments are coming days after the Union roads and highways minister Nitin Gadkari talked about the potential steel price hike. “We do believe that prices have more or less stabilised and there ...
Updated Jan 12, 2021 | 14:54 IST At an event to flag off the implementation of the latest ERP S/4 system, CMD, Sumit Deb says that he won't take any more price hikes going forward. Representational Image | Photo Credit: PTI Key Highlights NMDC has seen a steady rise in production and sales and the company is expected to do even better in Q4 NMDC has become the first PSU to implement the new SAP ERP solution which will help the company increase productivity, manage inventory India's largest iron ore miner, NMDC announced the implementation of the latest SAP...
NMDC deploys ERP solution Updated: Updated: Share Article AAA Mining major NMDC has implemented SAP Enterprise Resource Planning (ERP) solution, a move that will help integrate and consolidate all business process end-to-end thereby improving operational efficiency. The company, which is India’s largest iron-ore miner, decided to implement ERP to improve performances in areas like production, procurement and in dispatch, inventory, finance and HR management. It will also result in better transparency, ease of doing business and overall improvement in customer satisfaction, a statement from...