MAS Financial Services Limited — Others, 05-03-2025: Copy of Newspaper Publication

NMDC has announced a 17.85% increase in iron ore production for February, reaching 4.62 million tonnes (MT), up from 3.92 MT in the same month last year. Cumulatively, production from April to February totaled 40.49 MT, slightly higher than 40.24 MT the previous year. However, sales decreased marginally to 3.98 MT compared to 3.99 MT year-on-year. This production growth reinforces NMDC's position as India's largest iron ore producer, meeting around 20% of the country's demand for this key steel-making raw material. Investor sentiment may view this production boost positively, while the slight decline in sales could signal caution regarding market demand.