You are here: Home > Steel News > Latest Steel News > India’s...

India’s NMDC Steel records higher net loss in Q2 FY 2024-25

Wednesday, 13 November 2024 14:33:46 (GMT+3)   |   Kolkata
       

India’s NMDC Steel Limited has reported a higher net loss of INR 5.953 billion ($70.54 million) in the second quarter (July-September) of the fiscal year 2024-25, compared to a net loss of INR 1.311 billion ($15.53 million) in the corresponding quarter of the previous fiscal year, according to a company statement on Wednesday, November 13.

The company reported total revenue of INR 15.3 billion ($181.9 million) for the given period, a rise of 428 percent year on year.

NMDC Steel Ltd, an entity demerged and formed from the government-run mining company NMDC Limited, owns and operates a 3 million mt per year steel mill at Nagarnar in Chhattisgarh state.


Similar articles

Indian miner NMDC Ltd sees 54% fall in net profit in Q1 FY 2022-23

10 Aug | Steel News

India’s NMDC reports net profit of $312 million in Q2 FY 2021-22

12 Nov | Steel News

Indian miner NMDC’s net profit down 55% in Q1, hit by production loss during lockdown

28 Aug | Steel News

NMDC’s sales revenues up 13.2 percent in H1 FY 2019-20

13 Nov | Steel News

NMDC’s sales revenues down 4.68 percent in June quarter

12 Aug | Steel News

Indian miner NMDC Ltd sees 54% fall in net profit in Q1 FY 2022-23

10 Aug | Steel News

India’s NMDC reports net profit of $312 million in Q2 FY 2021-22

12 Nov | Steel News

Indian miner NMDC’s net profit down 55% in Q1, hit by production loss during lockdown

28 Aug | Steel News

NMDC’s sales revenues up 13.2 percent in H1 FY 2019-20

13 Nov | Steel News

NMDC’s sales revenues down 4.68 percent in June quarter

12 Aug | Steel News