NMDC output rose in October 2026 while sales fell year on year
- Guidance
- iron ore mining
Reviewed byRachit TripathiBlacklitt Research
NMDC (NSE: NMDC) reported higher iron ore production but lower sales for October 2026, it said in a filing on 02 Nov 2026. Production was 5.04 million tonnes against 4.27 million tonnes a year earlier, and sales were 3.44 million tonnes against 3.89 million tonnes. The figures are provisional.
Production ran ahead of sales in October
In October 2026 NMDC produced 5.04 million tonnes of iron ore and sold 3.44 million tonnes, so output exceeded sales by about 1.60 million tonnes in the month. A year earlier the gap was smaller, with production of 4.27 million tonnes and sales of 3.89 million tonnes.
The filing does not say why sales fell or whether the difference went into stock. Those are the points a reader would most want to know.
Chhattisgarh and Karnataka
Chhattisgarh produced 3.36 million tonnes in October 2026 and sold 1.90 million tonnes, a ratio of about 1.8 to one. Karnataka produced 1.68 million tonnes and sold 1.54 million tonnes, which is close to a one-to-one ratio.
Cumulatively to October, Chhattisgarh produced 22.28 million tonnes and sold 18.32 million tonnes, while Karnataka produced 10.04 million tonnes and sold 7.35 million tonnes.
The year so far
Cumulative production to October 2026 was 32.32 million tonnes, up from 26.47 million tonnes a year earlier. Cumulative sales were 25.67 million tonnes against 26.12 million tonnes, a small decline. NMDC is a mining company with a market value of ₹59,204 crore at the 30 Oct 2026 close, and its latest reported quarter, Q1 FY27, showed consolidated total income of ₹7,142.54 crore, up 1.5% year on year.
What the production update means for NMDC's shareholders
The update reports volumes only. It shows more iron ore mined and slightly fewer tonnes sold so far this year, but the filing gives no price realisation, so the revenue effect is not known. The filing does not say why sales lagged output, and the final figures have not yet been reported; the company says the figures are provisional and are also on its website.
At a glance
| Item | Detail |
|---|---|
| Filing date | 02 Nov 2026 |
| Period | October 2026 and April to October 2026 |
| Production, October 2026 | 5.04 million tonnes |
| Sales, October 2026 | 3.44 million tonnes |
| Cumulative production to October 2026 | 32.32 million tonnes |
| Cumulative sales to October 2026 | 25.67 million tonnes |
Filed with BSE on . Reference: Original filing (PDF)
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