NMDC Nagarnar plant to be ready by Dec 2016.

State-owned iron ore miner NMDC Limited will complete the construction of its 3-million tonnes per annum (mtpa) integrated steel plant at Nagarnar in Chhattisgarh by 2016.

'The plant is in an advanced stage of erection. The erection will be completed by December 2016,' NMDC chairman and managing director, Narendra Kothari, told mediapersons on the sidelines of the Movement for Efficiency and Transparency (MET) event held here recently by e-commerce company mjunction services limited.

The country’s largest iron-ore producer and exporter is setting up the steel plant as part of its expansion, value addition and forward integration programme. The project, coming up some 16 km from Jagdalpur, would be set up with an estimated Rs. 15,525 crore outlay.

Kothari said NMDC had reserves to the tune of Rs. 20,000 crore and it had embarked on an ambitious capital-expenditure programme to expand its operations. This included enhancement of iron ore production from the current level of 30 mtpa to about 70 mtpa by 2018-19, and 100 mtpa by 2021-22. A comprehensive plan was being prepared in this regard, which would be ready by May this year.


BS