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NMDC to set up mega steel plant project in Odisha: Report

06 Aug 2014 Evaluate

NMDC is reportedly planning to set up a mega steel plant project in Odisha. In this regard, the company has proposed to use the government land earmarked for abandoned ArcelorMittal project for construction of its proposed steel plant.

The mining company is in talks with Odisha Industrial Infrastructure Development Corporation (Idco), the land acquiring agency of state government, to avail the land and other clearances.

NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.

Peers
Company Name CMP
Coal India 425.00
NMDC 73.80
Ashapura Minechem 491.45
Sandur Manganese 177.05
GMDC 487.05
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