NMDC Annual report 2024

 

  • NMDC Annual report 2024
  • NMDC produces around 45 MT of iron ore per annum and has the capacity to produce approximately 51 MT. With ongoing expansion plans, the company aims to reach a production capacity of around 67 MT in the next 2-3 years and set a target of achieving a mining capacity of 100 MT by 2030.  
  • NMDC has a commendable 16% market share in iron ore output
  • BY 2030 NMDC’s 100 million tonnes would account for a quarter of the ~ 430 million tonnes of raw material required to reach that target.  
  • Company’s highest-ever capital expenditure of Rs. 2,066 crores was expended towards capacity building in FY24, which was 17% north of the capex target, Rs. 1,769 crores. 
  • NMDC’s standalone net worth (post the demerger of NSL) crossed the Rs. 25,000 crore mark in FY24 reinforcing the company’s financial stability and its capacity to invest in growth and generate value for stakeholders.
  • NMDC’s major iron ore mines - Kirandul and Bacheli in Chhattisgarh, and Donimalai in Karnataka delivered their highest-ever annual production in company history. 
  • The bottlenecks in pellet production were also resolved leading to peak volume of 2.65 lakh tonnes pellet production in FY24, highest since the plant’s commissioning.   
  •  Investing in capacity expansion and new infrastructure to augment production capacity to 72 million tonnes from existing iron ore mines, while also developing the NCL (NMDC CMDC Limited) JV mines to contribute another 28 million tonnes. 
  • Leveraging on intrinsic strengths and constraint optimization are the two drivers for realisation of vision to achieve a 100 million tonnes production capacity by 2030  

Comments

Post a Comment

Popular posts from this blog

Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing

  https://youtu.be/mD2k0HOpAxo?si=8H1ue9mw316h2wYr Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing Unlike conventional metal cylinders, type 4four cylinders are entirely corrosion-resistant, lighter by seventy percent, and can accommodate three times more gas.  Constructed from carbon composite with a polymer liner, they boast exceptional safety features. The move signifies Confidence Group’s commitment to spearheading the global energy transition towards a cleaner and greener future.  By prioritizing innovation and environmental stewardship, the company aims to revolutionize the hydrogen storage industry and promote sustainable energy solutions. As reported by The Hitavada, through this venture into the green hydrogen market, Confidence Group aims to position itself as a leader in providing solutions that expedite the adoption of renewable energy sources.  These cylinders will play a pivotal role in the efficient storage and transportation of green ...
Read more

RSI Indicator for finding good value stocks?

  https://youtu.be/IbWEmgJQHx4?si=D0TUacnxi_9B33qM Is a Good RSI Indicator The relative strength index is a momentum indicator that looks at the pace of recent price changes to determine whether a stock is ripe for a rally or a selloff. Traders who are looking for investment opportunities should look for RSI values  that hit 30 or fall below that level.  This allows them to look for investment options that may be undervalued where the price may increase in the future.  But it's important for investors to remain steadfast and avoid making hasty decisions, since market conditions can change at a moment's notice.
Read more

Poonawalla Fincorp: I love stocks at 52L

https://youtube.com/shorts/kEd4ftcXaV4?si=8FpeXOzf0qyTs_Mo   Poonawalla Fincorp: I love stocks at 52L AUM up 52% YoY to ₹26,972 crore PPoP at ₹432 crore in Q1FY25, up 47% YoY and 6% QoQ  Assets:  ➢ Assets Under Management (AUM) stood at ₹26,972 crore, up 52% YoY and 8% QoQ  ➢ AUM Mix consist of 35% MSME finance, followed by 28% personal and consumer finance, 17% loan against property and 14% pre-owned car.   Asset Quality:  ➢ Gross NPA at 0.67%, lower 75bps YoY and 49bps QoQ  ➢ Net NPA at 0.32%, lower 44bps YoY and 27bps QoQ  ➢ Provision Coverage Ratio stood at 52.53%   Profitability:  ➢ Operating Profit (PPOP) was ₹432 crore, up 47% YoY and 6% QoQ  ➢ Profit After Tax (PAT) was ₹292 crore, up 46% YoY  ➢ Return on Assets (RoA) stood at 4.62%  ➢ Net Interest Income (inc. fees and other income) was ₹676 crore, up 42% YoY and 5% QoQ
Read more