NMDC may spend Rs. 2,300 crore to up iron ore production in Chattisgarh.

State-owned miner NMDC Limited may spend nearly Rs. 2,300 crore to increase iron ore production from its Bailadila mines in Chhattisgarh by about 9 million tonnes per annum, according to official sources.

The miner has already approached the Ministry of Environment and Forests for necessary clearances for mining activity, the sources said.

'The proposal has already been submitted to the MoEF for enhancement of production of iron ore from Deposit no.4. The estimated capital cost of the project will be Rs. 1,899.74 crore,' sources said.

It is expected that the mine can generate 7 million tonnes per annum over a period of time, sources indicated.

ET