India Iron Ore Output Grows 10 per cent till Q2-2014-15

India’s iron ore production touched 77 million tonnes between April and September, a growth of 10 per cent compared to 70 million tonnes a year ago.

According to data compiled by OreTeam Research, a Delhi-based firm, this shown a positive trend during the first half of the current financial year, despite many mines being shut in Goa, Karnataka, Odisha and Jharkhand.

The production touched 152 million tonnes for the year ended March,

According to miners and analysts, the production has come largely from Odisha, Chhattisgarh and Karnataka during the first six months. The production from Karnataka is likely to touch 21-23 million tonnes in FY15 and cross 25-million tonne mark in FY16.

State run NMDC has achieved 12.3 per cent rise in production at 14 million tonnes during April-September. Most has come from its Chhattisgarh mines. In Karnataka, 21 mines are working of 23 cleared by the Supreme Court panel.

During the first six months, about 11 million tonnes of iron ore has been produced and sold through the e-auctions.