NMDC - Operational Performance Expected To Stay Strong To Meet Guidance: Yes Securities

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.After having the best-ever Q1 performance in terms of production and sales during FY24, NMDC Ltd. has set high targets when it comes to its mine expansion and operational output plans. The management is aiming to reach a goal of being an iron ore miner with a production capacity of ~100 million tonnes per annum by the year 2030, in-line with the National Steel Policy goals. During the first five months of the financial year (April-August), the company has produced a total of 16.55 million tonnes of iron ore and made sales of 17.72 million tonnes. The management guidance for production for the year is between 47.0 - 49.0 million tonnes. For NMDC, to meet its guidance figures, we expect higher production during the second half of the financial year.With the capacity additions being done by the major steel producers in India, the demand for iron ore is expected to rise and NMDC being the preferred iron ore supplier will ride on the back of the volume growth in the steel sector..Click on the attachment to read the full report:.Shakti Pumps - Healthy Order Book, Promising Pipeline Provides Vast Opportunity: IDBI Capital.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

NMDC - Operational Performance Expected To Stay Strong To Meet Guidance: Yes Securities

The management is aiming to reach a goal of being an iron ore miner with a production capacity of ~100 mtpa by the year 2030.

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NMDC - Operational Performance Expected To Stay Strong To Meet Guidance: Yes Securities

The management is aiming to reach a goal of being an iron ore miner with a production capacity of ~100 mtpa by the year 2030.

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