India's state-owned miner National Mineral Development Corporation (NMDC) has announced that during the third quarter ended December 31 of the financial year 2013-14 its iron ore output amounted to 7.3 million mt, up 37 percent compared to the corresponding period of the previous year. In the same period, NMDC's iron ore shipments increased by 40 percent year on year to 7.43 million mt.
NMDC chairman C S Verma stated that the company is geared up to not only sustain the uptrend in production but also improve its performance further in the fourth quarter of the current financial year to meet the rising demand of the steel industry.