“We hereby inform that the trade unions have resorted to willful slowdown of work and work-torule in connection with wage settlement. The conciliation proceedings before the Chief Labour Commissioner at New Delhi are posted for 17th March 2025,” the company said in a press statement.
The company emphasised that efforts are underway to resolve the situation and resume normal production. However, the trade union actions have led to a reduction of approximately 30-40% in daily production at NMDC’s Iron Ore projects, specifically in the Kirandul, Bacheli, and Donimalai complexes.
Despite the slowdown, NMDC clarified that the assets are fully insured, and the financial impact of the strike is currently assessed as negligible.”The NMDC management is putting its best effort to resolve the issue at the earliest for resuming production at normal level,” it said.
In its latest operational update, NMDC reported a 17.85% YoY increase in iron ore production to 4.62 million tonnes (MT) in February 2025, compared to 3.92 MT in February 2024. However, iron ore sales were slightly lower at 3.98 MT, down from 3.99 MT in the same month last year.
Chhattisgarh operations saw a slight dip, with production down 1.17% YoY to 3.37 MT, while sales rose marginally to 2.79 MT from 2.78 MT. Karnataka operations recorded a massive 145.09% YoY surge in production to 1.25 MT, though sales fell 1.65% YoY to 1.19 MT.
Cumulative production for FY25 (up to February) stood at 40.49 MT, up 0.62% YoY, while sales declined slightly by 0.69% YoY to 40.20 MT.
Shares of NMDC were trading at ₹66.31, over 1% lower than the opening price of ₹67.82.
First Published: Mar 10, 2025 3:07 pm IS
